The domain and website, Casinos.com, marks the latest premium domain added to the company’s portfolio, allowing it to build on an already outstanding portfolio, and the quality service already provided through Gambling.com.

Gambling.com Group Deploys Its Latest Premium Domain

The new website was acquired by Gambling.com Group in early 2023, although the domain was originally registered in 1994. The amount total of the acquisition was not disclosed, but Gambling.com was bought back in 2011 and it cost the Group $2.5 million to do just this.

Gambling.com Group CEO Charles Gillespie has welcomed the addition of Casinos.com to the Group’s growing portfolio of assets. The company argued Gillespie is committed to remaining at the helm of the industry and bringing more value to readers and consumers. He similarly spoke about the parallels between the launches of Casinos.com and Gambling.com, and what has improved since 2011:

When we rebuilt Gambling.com in 2011 we had to start from scratch and build out all the necessary technology systems to support it. With Casinos.com we were able to leverage our mature platform and start with a focus directly on our users and the Casinos.com product.

Gambling.com Group CEO Charles Gillespie

According to Gillespie, this new launch will lead to significant organic growth in global markets and help the company build a truly outstanding product. Casinos.com will remain a continuous source of reliable, trustworthy, and dependable information when it comes to looking up online casinos, Gillespie and Gambling.com Group have argued.

Merging Existing Projects and Setting Expectations High

Meanwhile, the company has also decided to stop the operations of CasinoSource and SlotSource websites and integrate their offering, content, and resources into the newly-established Casinos.com.

Gambling.com is confident that Casinos.com will be scaling up rapidly over the coming months and days. The Group is confident that the new domain will help players discover, locate, and interact with casinos, including from the land-based sector at a point in the future.

In 2022, Gambling.com Group acquired the BonusFinder.com domain to boost its presence in the North American market.

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Gambling.com Group, a provider of iGaming digital marketing services, has posted its unaudited financial results for the fourth quarter of 2022. The company’s revenue skyrocketed and so did its net income.

Gambling.com reported $21.3 million for the period, representing a stellar 107% year-on-year increase from Q4 2021’s $10.3 million. Net income increased to $4.4 million, or $0.12 per share.

Adjusted EBITDA sat at $6.85 million, a 202% increase from the $2.2 million recorded in Q4, 2021. The cash flow generated by operating activities was $6.18 billion with a free cash flow of $364,000.

The company also published data about its overall performance in 2022, reporting annual revenue of $76.5 billion. Annual adjusted EBITDA exceeded $24 million with Gambling.com reporting an adjusted EBITDA margin of 31%. Free cash flow for 2022 was $9.46 million, the company noted.

In 2022, Gambling.com saw its NA revenues skyrocket to $10 million, which represents a whopping 364% increase. The year saw the company launch in several new markets and deliver more than 82,000 new depositing customers. Gambling.com was also able to repurchase 38,708 of its ordinary shares for $8.98 per share.

The iGaming provider also published its 2023 guidance, saying that it expects annual revenue of $93-97 million and adjusted EBITDA of $32-36 million.

Executives Praised the Results

The results were addressed by Charles Gillespie, co-founder and chief executive officer of Gambling.com Group, who praised the strong and organic growth. He attributed some of the company’s successes to Gambling.com’s investments in expanding its team, technology and portfolio of performance marketing websites. In addition, 2022 saw the company make forays into five new North American markets

Gambling.com Group’s 364% year-over-year increase in fourth quarter North American revenue to $10.0 million reflects the continued benefit from strong performance in our newest markets, including solid results from our November launch in Maryland.

Charles Gillespie, CEO, Gambling.com

Gillespie added that the company’s great metrics have been further complemented by the strong performance of its Ohio launch this year, as well as from its launch in Massachusetts in early March. Outside of North America, Gambling.com continues to focus on the UK and Ireland, where it has operated for almost a decade.

Gillespie concluded that Gambling.com is poised to grow even further in 2023.

Elias Mark, Gambling.com’s chief financial officer, also commented on the matter. He praised the team for driving an increase of over 133% in new depositing customers and improving the company’s financial metrics.

With our strong operating cash flow and balance sheet, we have the financial flexibility to continue making return-focused investments in our business to deliver increased scale and attractive top-line and cash flow growth – all while maintaining strong profitability.

Elias Mark, CFO, Gambling.com

Gambling.com continues to grow as attested by the EGR Sports Affiliate of the Year award it received in 2022.

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