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Gambling.com Group Limited (symbol: GAMB) is a multi-award-winning performance marketing company and a prominent provider of digital marketing services within the online gambling industry. Founded in 2006, Gambling.com Group has established itself as a key player in the realm of digital marketing, operating from offices in both North America and Europe.
The company's core business is divided into two principal segments: affiliate marketing and Software as a Service (SaaS) tools for affiliate marketers. These divisions allow Gambling.com Group to effectively cater to online gamblers and gambling operators by offering a range of marketing and technological solutions. The company generates revenue primarily by referring online gamblers to various online gambling operators.
Gambling.com Group focuses on several key areas within the online gambling sector, including online casino gaming, online sports betting, and the fantasy sports industry. Their expertise and innovative strategies have earned them numerous awards and recognition within the industry.
Recent achievements of Gambling.com Group include significant advancements in their digital marketing services and the successful expansion of their affiliate marketing platform. These milestones have positioned the company to take advantage of the growing online gambling market, reinforcing their commitment to delivering high-quality, performance-driven marketing solutions.
The company maintains strategic partnerships with leading gambling operators, enhancing their ability to provide valuable traffic and customer acquisition services. By leveraging these partnerships, Gambling.com Group continues to solidify its reputation as a trusted and effective marketing partner in the gambling industry.
Financially, Gambling.com Group has demonstrated robust performance, with a notable market capitalization and consistent revenue growth. The company's ability to adapt and innovate within the dynamic online gambling market is a testament to its strategic vision and operational excellence.
In the latest news, Gambling.com Group's market presence and strategic endeavors have been highlighted by significant transactions in the domain industry, such as the high-profile sale of domain names and the acquisition of premium assets. These developments emphasize the lucrative opportunities within the digital marketing and online gambling sectors.
Gambling.com Group Limited (Nasdaq: GAMB) announced that Kambi has been awarded the 2022 'Platform Provider of the Year' at the American Gambling Awards. Kambi's innovative Bet Builder, launched for the 2021-2022 NFL season, enhances their market position with superior parlay product features. The Group, recognized as a leader in player acquisition services for the online gambling sector, operates over 50 websites globally. CEO Charles Gillespie highlighted Kambi's excellence in sports betting technology, affirming their status as a top supplier in the industry.
Gambling.com Group (GAMB) celebrates Sportradar's recognition as the 2022 'Data Service Provider of the Year' at the American Gambling Awards. This accolade reflects Sportradar's dominance in delivering live odds and data services, with a network covering over 890,000 events annually across 92 sports. Sportradar maintains a 99.9% accuracy rate and serves 98% of U.S. sportsbooks. Charles Gillespie, CEO of Gambling.com Group, praised Sportradar's industry-leading services, while Sportradar's CCO Eduard Blonk highlighted the award as acknowledgment of their commitment to excellence.
The 2022 American Gambling Awards recognized Louis Rogacki, Deputy Director of the New Jersey Division of Gaming Enforcement, as the 'Regulator of the Year.' This accolade reflects the NJDGE's leadership in promoting responsible gaming and achieving record revenues, exceeding $3.87 billion from January to September 2022. Charles Gillespie, CEO of Gambling.com Group (NASDAQ: GAMB), praised Rogacki’s contributions to the state's gaming industry, particularly in internet gaming and sports wagering. Gambling.com Group provides player acquisition services within the regulated online gambling market.
Gambling.com Group Limited (NASDAQ: GAMB) has recognized Senator Joseph Addabbo as the 2022 'Policymaker of the Year' during the American Gambling Awards. Addabbo's leadership in the New York State Senate has significantly advanced gaming regulations, particularly mobile sports betting, generating over $500 million in tax revenue for education and youth sports. He aims to legalize iGaming and support new casino licenses in New York. CEO Charles Gillespie commended Addabbo's efforts, stating that his leadership positions New York as a model for online gambling regulation.
Gambling.com Group Limited (Nasdaq: GAMB) will announce its third-quarter results for the period ended
Gambling.com Group Limited (Nasdaq: GAMB) has announced the finalists for the 2022 American Gambling Awards, recognizing top performers in the regulated online gambling sector. With 12 award categories, winners will be unveiled in November, culminating in a VIP dinner in December in New York. Notable categories include Online Sportsbook of the Year and Gaming Product of the Year. The awards highlight the leaders shaping the American online gambling landscape, with nominations evaluated by industry experts.
Gambling.com Group Limited (Nasdaq: GAMB) announces the return of the American Gambling Awards after a hiatus since 2021 due to Covid-19. Initially launched in 2019, these awards recognize significant achievements in the U.S. online gambling market. The 2022 event will feature 12 categories and culminate in a private VIP dinner at Carbone restaurant in New York City in December. Nominations are open until September 30, 2022, with winners to be announced on November 1, 2022. CEO Charles Gillespie emphasizes the importance of acknowledging industry contributions, particularly in policy development.
Gambling.com Group Limited (Nasdaq: GAMB) is set to provide marketing services to licensed online sports betting operators in Kansas, coinciding with the state's soft launch of legal online sports betting on September 1, 2022. The company launched BetKansas.com in April 2022, offering valuable information for sports bettors. A recent survey revealed that 34.4% of Kansas adults are likely to place legal bets post-launch. This positions Gambling.com Group favorably in a growing market, which adds to the positive momentum in North America's online gaming sector throughout 2022.
Gambling.com Group reported a 53% increase in revenue to $15.9 million for Q2 2022, with North American revenue growth surpassing 300%. The company maintains its full-year revenue forecast of $71-76 million and Adjusted EBITDA of $22-27 million. Despite the seasonal weakness of Q2, Gambling.com generated positive Adjusted EBITDA and Free Cash Flow. The company also launched in Ontario, added over 57,000 new depositing customers, and was included in the Russell 3000 index. However, net income dropped significantly by 98% compared to the previous year.
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