Gambling.com Group Seals Odds Holdings Acquisition

Early in December, Gambling.com Group, the leading provider of digital marketing services for the online gambling industry, announced it continues its expansion with the acquisition of OddsJam’s parent company Odds Holdings, Inc. Now, the former confirmed that it has successfully completed the acquisition, as planned and on schedule.

Odds Holdings’ Acquisition Closes as Planned

Upon announcing the strategic takeover, Gambling.com confirmed that the total value of the acquisition could go up to $160 million. Closing the transaction would result in a payment of $80 million. However, an extra $80 million can be paid by Gambling.com, subject to performance targets for Odds Holdings through the end of 2026.

On Thursday, the former confirmed that it had completed the previously announced acquisition of Odds Holdings on January 1, 2025. The finalization of the takeover was completed as initially anticipated by Gambling.com. The closing of the acquisition highlighted the company’s capability to complete strategic deals both swiftly and efficiently. At the same time, the takeover helped expand Gambling.com’s presence in the online gambling vertical.

This strategic process is expected to deliver “recurring revenue streams from consumer subscription products and enterprise clients.” Additionally, Gambling.com explained: “The Odds Holdings platform, powered by state-of-the-art technology for real-time odds data, strengthens the Company’s position as a leader in the global online gambling ecosystem.”

“The completion of this acquisition underscores Gambling.com Group’s ability to execute strategic transactions efficiently and without delay,“

reads a statement by Gambling.com Group

The Acquisition Complements Gambling.com’s Growth

Shortly after the acquisition was announced in December, a Jefferies Equity Research analyst reiterated a buy rating for Gambling.com. That was the opinion of David Katz, who was quoted by CDC Gaming back in December. At the time, Katz predicted that the key takeover is expected to help Gambling.com grow its business by 20% in 2025. Considering that prediction, the expert increased his price target from $18 per share to $20 per share, reiterating a buy rating for the company.

The acquisition of OddsJam complements one of Gambling.com’s growth goals. The strategic takeover is expected to help the latter reach its planned milestone of $100 million in annual adjusted EBITDA.

With that in mind, Gambling.com’s CEO and co-founder, Charles Gillespie, said upon announcing the acquisition: “The accretive acquisition of Odds Holdings will immediately provide Gambling.com Group with additional, recurring revenue streams which are independent of our market-leading online gambling affiliate business, consistent with our strategy to expand our footprint in the online gambling industry.”

Ahead of the acquisition, Gambling.com reported solid growth for the third quarter and raised its full-year expectations.