Gambling.com Diversifies Revenue with Spotlight.Vegas Acquisition

Gambling.com Group Limited has acquired Spotlight.Vegas, a Las Vegas-focused booking and entertainment platform. The deal is expected to diversify Gambling.com's revenue stream. Spotlight.Vegas was founded in 2020 and aims to simplify the booking process for travelers. The acquisition is seen as a strategic move to expand Gambling.com's offerings and revenue streams.

Gambling.com Group Limited has entered into a definitive agreement to acquire Spotlight.Vegas, a Las Vegas-focused booking and entertainment platform. The acquisition, valued at up to $30 million, is expected to diversify Gambling.com's revenue streams and expand its offerings. Spotlight.Vegas was founded in 2020 and aims to simplify the booking process for travelers, offering a wide range of services including tickets for shows, attractions, and hotel bookings. The acquisition is seen as a strategic move to enhance Gambling.com's presence in the land-based entertainment and hospitality market.

Under the terms of the agreement, Gambling.com Group will pay an initial $8 million at closing, with an additional $22 million subject to hitting certain performance targets through to 2027. The acquisition is expected to generate net revenue of at least $8 million and incremental adjusted EBITDA of at least $1.4 million for the 2026 full-year period. Spotlight.Vegas has partnerships with over 40 clients, including entertainment venues and land-based casinos, which aligns with Gambling.com's strategy to diversify its client base.

Charles Gillespie, CEO and co-founder of Gambling.com Group, stated, "The addition of this custom-built booking platform will help drive further monetization of our audience, expand our client base to include land-based operators, and give our digital professionals a new platform to showcase their industry-leading marketing talent. We are confident that we can better operate this asset through optimized marketing spend and improved conversion. Medium- and long-term, we expect to deploy the technology on our owned and operated sites."

Gambling.com Group has a history of successful acquisitions, including RotoWire, BonusFinder, Freebets.com, OddsJam, and OpticOdds, which have contributed to its growth and diversification. The acquisition of Spotlight.Vegas is expected to be no different, adding another entry to its impressive list of successful transactions that create additional shareholder value.

Reference List:
[1] https://ggbnews.com/article/gambling-com-group-to-acquire-spotlight-vegas/
[2] https://www.stocktitan.net/news/GAMB/gambling-com-group-reports-record-second-quarter-revenue-and-oty54pa0uoxv.html