WEBMASTER NEWS
GAMBLING . COM GROUP SEALS $ 27.5M ROTOWIRE PURCHASE
Gambling . com Group has completed its acquisition of Roto Sports , the operator of US-facing fantasy sports news and advice site RotoWire . com , for $ 27.5m (£ 20.4m /€ 24.4m ).
Under the deal , agreed in December , Gambling . com Group paid an initial $ 20.0m at closing , consisting $ 15.0m in cash and $ 5.0m in newly issued , unregistered ordinary shares .
A further $ 2.5m and $ 5.0m will be due on the first and second anniversaries of the closing .
Gambling . com Group said the purchase would instantly expand its US presence and is expected to create immediate accretion to its fiscal 2022 earnings .
Gambling . com Group CEO Charles Gillespie said : “ Commercially , the RotoWire business has three different revenue streams , each generating over $ 1m per year , which give it significant reach into sports media organisations as well as with advertisers and individual sports fans .
“ These deep and long-lasting customer relationships are an ideal platform from which to capitalise on the new era of American sports – the betting and gaming era .”
RotoWire president Peter Schoenke added : “ The US is entering a whole new world of sports fandom and combining forces with Gambling . com Group will accelerate RotoWire ’ s growth .”
SHARPLINK ACQUIRES FOURCUBED ASSETS
US-facing sports betting |
The purchase price |
FourCubed owns and |
|
years , it has averaged |
affiliate business |
comprises $ 6.5m and the |
operates an igaming |
annual revenues of more |
SharpLink Gaming |
issue of some 600,000 |
affiliate network made |
than $ 5.5m , with over |
has acquired certain |
restricted ordinary |
up of more than 12,000 |
90 % of its revenue coming |
assets from FourCubed |
shares of SharpLink , with |
sub-affiliates and has |
from recurring net gaming |
Management LLC and |
an additional earnout |
delivered over 1.8 million |
revenue contracts with |
6t4 Company , collectively |
payment of up to 600,000 |
referred players since the |
igaming operators such as |
known as FourCubed , for |
shares based on meeting |
network ’ s launch in 2008 . |
Party Poker , Bwin , Unibet , |
$ 8.2m (£ 6.1m /€ 7.3m ). |
performance targets . |
Over the past three |
Bet365 and Betfair . |
08 • ISSUE 89 • Q1 2022 |
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