Gambling.com acquires RotoWire
The company will leverage RotoWire’s significant American infrastructure.
Gambling.com Group Limited announced that it has entered into a definitive agreement to acquire Roto Sports, Inc., operator of RotoWire.com. The transaction is expected to close in early January 2022 and is subject to customary closing conditions.
“We completed the acquisition according to our internal timelines on January 1, 2022 and thank the RotoWire team for their professionalism and availability through the holiday period. We will consolidate Roto Sports into our Group Financial Statements from January 1, 2022,” said Elias Mark, CFO at Gambling.com Group.
This acquisition will immediately expand the British-based Gambling.com Group’s US presence and is expected to create immediate accretion to fiscal 2022 earnings. The company will leverage RotoWire’s existing audience, content library, talented workforce, media partnerships and trust with US sports fans to further accelerate business in the US online sports betting market.
Peter Schoenke, President of RotoWire and past-Chairman of the Fantasy Sports & Gaming Association, commented: “The United States is entering a whole new world of sports fandom and combining forces with Gambling.com Group will accelerate RotoWire’s growth. Gambling.com Group’s resources and experience will help RotoWire rapidly advance its sports betting offerings to take full advantage of this new era.”
RotoWire’s quarter-century track record in fantasy sports gives it the expertise to make sports betting recommendations that American consumers can trust.
“Over the past 25 years, Peter and the RotoWire team have produced some of the best fantasy sports content in America and have in turn embedded their business into the heart of the American sports experience,” said Charles Gillespie, Chief Executive Officer of Gambling.com Group.
“Commercially, the RotoWire business has three different revenue streams, each generating over $1m per year, which give it significant reach into sports media organizations as well as with advertisers and individual sports fans. These deep and long-lasting customer relationships are an ideal platform from which to capitalize on the new era of American sports – the betting and gaming era.”
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