Gambling.com Group to acquire Spotlight.Vegas in $30 million deal

Gambling.com Group is extending its acquisition drive with plans to purchase Spotlight.Vegas, an online platform for show and hotel bookings in Las Vegas, in a deal valued at up to $30 million.

The digital marketing firm will pay $8 million at closing, with up to $22 million in performance-based earnouts through 2027. The transaction is expected to close in September 2025.

The platform generated more than $30 million in ticket sales in 2024 and is projected to deliver $8 million in revenue in fiscal 2026. Gambling.com anticipates the asset to report at least $1.4 million in incremental adjusted EBITDA. 

“Since launching Casinos.com, we have wanted to offer more products and services to those users, including tickets,” Gambling.com Group CEO Charles Gillespie told SBC Americas. “Rather than build a ticket platform ourselves, we were able to get our hands on Spotlight.Vegas.”

The platform partners with over 40 Las Vegas venues and also offers hotel booking services.

In 2024, Gambling.com acquired Freebets.com and related assets from XLMedia in a deal valued at up to $42.5 million, strengthening its European and Canadian presence. Earlier this year, it completed its $160 million purchase of Odds Holdings, parent company of OddsJam.

The group has also been enhancing existing assets. In July, Gambling.com rebranded its RotoWire platform and introduced a new fantasy football tool ahead of the NFL season. It also holds stakes in OpticOdds and BonusFinder.

In the second quarter of 2025, Gambling.com reported $39.6 million in revenue, up 30% year-over-year. Adjusted EBITDA rose to $13.6 million from $11.2 million in the same period last year.

Growth was driven by the company’s Marketing segment, which increased revenue by 3% year-over-year to $29.5 million. However, the company posted a net loss of $13.4 million in Q2, compared with $7 million in net income in Q2 2024, as acquisition costs weighed on earnings.

Looking ahead, Gambling.com forecasts full-year 2025 revenue of $171–$175 million and adjusted EBITDA of $62–$64 million. Gillespie also hinted that the company may move into the prediction market sector through potential partnerships.