Gambling.com Group Closes $50M Credit Facility with Wells Fargo

Gambling.com Group Limited, an award-winning performance marketing company serving the iGaming industry, has announced the closing of a new credit facility with Wells Fargo Bank in the principal amount of $50 million.

The credit facility is comprised of a $25 million revolving credit facility and a $25 million term loan facility, the marketing specialist added. It is set to mature on March 19, 2027, and, subject to approval by Wells Fargo, may be incrementally increased by up to $10 million in the aggregate.

Gambling.com added that it will use the proceeds of the credit facility for general corporate purposes, as well as to settle deferred consideration and explore new opportunities for growth.

More information about the interest rate on Gambling.com Group’s credit facility is available on the group’s official website.

The Money Will Help Gambling.com Grow

Elias Mark, Gambling.com’s chief financial officer, commented on the matter, saying that his company will leverage its experience in growth initiatives to deliver more results. He said that the group is already delivering consistently strong revenue, adjusted EBITDA and cash flow growth and is looking forward to further reinforcing its business.

The new credit facility by Wells Fargo will add to the company’s robust balance sheet, allowing it to seize new opportunities. 

This new credit facility enhances our already strong balance sheet and liquidity thereby providing additional financial flexibility as we pursue both organic and inorganic growth opportunities that can further scale the business and generate incremental value for our shareholders.

Elias Mark, CFO, Gambling.com

Gambling.com was founded in 2006 and has grown to be an organization with offices across the world. The group commands over 50 websites in seven languages across 15 markets and covers all aspects of the iGaming industry. Gambling.com also operates noteworthy domains, such as its namesake Gambling.com, Bookies.com, Casinos.com and RotoWire.com, among others.

Last year, the group launched the aforementioned Casinos.com domain, which is a new affiliate and information-oriented B2C website that seeks to keep consumers informed on the best online casinos.

In November, Gambling.com joined five like-minded US affiliates, namely Better Collective, Catena Media, Oddschecker Global Media, Spotlight Sports Group and XLMedia, to form the Responsible Gambling Affiliate Association (RGAA). The association seeks to promote regulatory improvements across US jurisdictions.