Gambling com Group acquires RotoWire

Affiliate Gambling

Affiliate Gambling.com Group has entered into a determinate accord to acquire Roto Sports, manipulator of RotoWire.com, inward a dealings that is expected to closelipped inward betimes Jan 2022.

This purchase testament spread out Gambling.com Group’s front in the US and is expected to make straightaway accumulation to fiscal 2022 income.

Gambling.com considers RotoWire’s digital assets to be a germ of “substantial, incremental affiliate revenue inwards the rapidly expanding sports betting environment.”

RotoWire has had o'er 100,000 paid subscriptions and more than 17 jillion unique web visitors inwards the last 12 months, and its cognitive content reaches millions of additional sports fans through and through distribution deals with several sports media organisations in the US.

The congeries purchase damage is $27.5m; Gambling.com is to pay $20m at closing ($15m inward cash in and $5m in newly issued, unregistered ordinary shares).

As per the terms, the affiliate will pay off $2.5m and another $5m on the first-class honours degree and s anniversaries of the closing, respectively. Neither of the payments is qualified on the financial execution of RotoWire.

Charles Gillespie, CEO of Gambling.com Group, said: “Over the yesteryear 25 years, St. Peter and the RotoWire squad get produced some of the best fantasize sports mental object in America and make in round embedded their byplay into the spunk of the experience of American sports.

“Commercially, the RotoWire business sector has deuce-ace different revenue streams, for each one generating o'er $1m per year, which apply it important arrive at into sports media organisations as comfortably as with advertisers and individual sports fans.

"These rich and long-lasting customer relationships are an nonsuch platform from which to capitalise on the new era of American sports – the betting and gaming era.”