The group of Gambling.com completes the acquisition of Roto Sports, which is owned by rotowire.
With this Agreement of $ 27.5 million Gambling.com will expand to the United States, expecting a substantial increase in the earnings scheduled for 2022.
But let's go see In more detail this news In the next paragraphs written by our experts.
What are Gambling.com and Rotowire?
Gambling.com and Rotowire are two large American companies of which, the first, complete acquisition of Roto Sports which is owned by the second.
The Gambling.com group is a digital marketing service provider for the regulated online gaming industry. Publish information portals with comparisons and reviews of websites related to online game all over the worldnull It does not offer game services, as it is a medium company, but helps casino online and other operators in the acquisition of users.
Roto Sports as we said is a Rotowire.com branch which is a company based in in Wisconsin, Specialized in Fantasy games and news of Sport Fantasy. Rotowire works with large companies such as Draftkings, Espn.com, Fanduel, Yahoo! Sports, FoxSports.com, Cbssports and NFL.com.
Gambling.com COMPLETE ACQUISITION ROTO SPORTS OF ROTOWIRE.COM: The details
The agreement with which Gambling.com completes Roto Sports acquisition of Rotowire sees the company pay 20 million $ at the end of the agreement. Of these, 5 million in ordinary shares and 15 million in cash.
Later he will have to pay others 2.5 million dollars after 12 months from the closure of the agreement, and others 5 million $ at the end of the second year.
This acquisition will allow the Gambling.com group to expand its presence in the United States, immediately increasing his earnings for 2022.
He will do it using the Rotowire existing audience, its workforce, the content library, the various partnerships of the company with the media and the trust with sports enthusiasts in the USA.
The declarations on this acquisition
Gambling.com complete Roto Sports acquisition of Rotowire and many statements have been made on this purchase.
For example, the financial director of the Gambling.com group said: “We completed the acquisition according to our internal deadlines on 1 January 2022, and we thank the Rotowire team for their professionalism and availability during the holiday period”.
While Charles Gillespie, who is the CEO of Gambling.com, said: “Commercially, Rotowire's business has three different revenue flows, each of which generates over $ 1 million a year, which give him a significant scope in sports media organizations, as well as with advertisers and individual fans of sport ".
“These deep and lasting relationships with customers are one Ideal platform from which to capitalize on the new era of American sport - The era of bets and game. ", then added.
Another to talk about Gambling.com and Rotowire was the president of the company, namely Peter Schoenke. Who said: “The United States are entering a completely new world of sports fandom. Join forces with Gambling.com Group will accelerate the growth of Rotowirenull The resources and experience of Gambling.com Group will help Rotowire a quickly progress its sports betting offers to draw the maximum advantage from this new era ".