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OddsJam is the flagship brand name giving top quality, true-time odds information and facts to empower athletics bettors to produce knowledge-driven bets by way of a consumer experiencing Web site and application. Below a individually managed company, Odds Holdings also supplies small latency, complete odds information to enterprise clients for a number of sporting activities betting use instances.
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The corporation and OddsJam believe Modified EBITDA is useful for their management groups to be a evaluate of comparative working general performance from period of time to interval as this evaluate removes the effect of items not directly ensuing from core operations which include results that are generated by variances in funds framework, depreciation, tax results and non-recurring events.
Gambling.com Group’s acquisition of Odds Holdings additional expands the organization’s online gambling business footprint, incorporating complementary recurring income from new and current buyers and associates.
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Along with the transaction, the Company entered right into a personal debt funding commitment letter with Wells Fargo Lender, National Association and Wells Fargo Securities, LLC, that have committed to organize and provide a senior secured expression loan and revolving credit score facility of no less than $a hundred million pursuant to an amendment to its existing credit arrangement.
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