Gambling.com Acquires Spotlight.Vegas for Up to $30M in Diversification Push
Gambling.com Group is set to acquire Spotlight.Vegas, a booking platform for Las Vegas shows and hotels, in a deal worth up to $30 million. The acquisition, expected to close in September 2025, is part of Gambling.com's strategy to diversify its offerings beyond sports betting and casino content.
Spotlight.Vegas, which generated over $30 million in ticket sales in 2024, will bring in $8 million in revenue and at least $1.4 million in incremental adjusted EBITDA for Gambling.com in fiscal 2026. The acquisition deal includes an $8 million upfront payment and up to $22 million in performance-based earnouts through 2027.
Gambling.com sees strategic acquisitions like Spotlight.Vegas as key drivers for long-term growth. The platform works with over 40 venues across Las Vegas, allowing users to book both entertainment tickets and hotel stays. Gambling.com forecasts full-year revenue of $171-$175 million and adjusted EBITDA of $62-$64 million for 2025.
The acquisition of Spotlight.Vegas is expected to close in September 2025, further expanding Gambling.com's reach within the global gaming and entertainment ecosystem. Gambling.com may eventually explore prediction markets through potential partnerships, indicating a potential future expansion into another vertical.
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