Latest News
Gambling.com Group Revenue Grows 19% to a Q3 Record of $23.5M Driven by 42% Increase in North American Revenue

Gambling.com Group Limited, a leading provider of digital marketing services for the global online gambling industry, reported record third quarter financial results for the three months ended September 30, 2023. The Company also reiterated its guidance for 2023 full-year revenue and Adjusted EBITDA.
Charles Gillespie, Chief Executive Officer and Co-Founder of Gambling.com Group, said: “Our third quarter results highlight our consistent performance driven by robust organic growth in North America. Even in what is traditionally a seasonally slow quarter, we grew new depositing customers 26% to surpass 86,000 which contributed to 19% revenue growth to $23.5 million, Adjusted EBITDA of $6.1 million and Free Cash Flow of $1.6 million.
“Third quarter North American revenue of $12.9 million includes significant growth in our owned assets and a break-out performance from our media partnerships at the start of the Fall sports season. Our ability to quickly scale our strategic media partnerships complements the growth from our influential owned websites. This results in consistent year-over-year market share gains in existing states even as we face tougher comparisons given the significant organic growth we have already achieved. Our strong North American growth was partially offset by a moderation in our U.K and Ireland performance following seven consecutive quarters of average revenue growth of 28% across these well-established markets. We are confident that our growth opportunities in the UK and Ireland markets will remain strong, including the expected benefit from the ramping up of our recently launched media partnership with The Independent for the U.K market.
“Gambling.com Group is expected to continue to benefit from many near- and long-term opportunities to deliver profitable organic growth. These include further market share gains in existing markets, the benefit from expected future expansions of iGaming and online sports betting in new markets in North America and around the world, our ability to scale and optimize our media partnerships and further growth in our more established European markets. We expect that our ability to leverage these revenue drivers with our business model, which generates attractive Adjusted EBITDA margins and strong Free Cash Flow conversion, will continue to increase shareholder value.”
Third Quarter 2023 and Recent Business Highlights
- Grew North American revenue 42% to $12.9 million
- Delivered more than 86,000 new depositing customers
- Launched the all new Casinos.com in July
- Successfully launched the Company’s first international media partnership in July with The Independent in the UK
- Successfully launched operations in Kentucky just before the quarter end on September 28.
Elias Mark, Chief Financial Officer of Gambling.com Group, said: “Third quarter revenue exceeded expectations and Adjusted EBITDA was in line with expectations, reflecting the faster than anticipated acceleration of our North American media partnerships. We are very pleased with the performance of our media partnerships and we expect them to continue to be a key contributor to revenue and cash flow growth going forward. Our year-to-date revenue growth combined with our disciplined focus on capital efficiency generated Free Cash Flow for the first nine months of 2023 of $16.3 million, already exceeding our full-year 2022 level. We remain on track to deliver strong full year results as our reiterated guidance implies year-over-year revenue and Adjusted EBITDA growth of more than 30% and 50%, respectively.”
Latest News
United States Debut for Evolution’s Crazy Coin Flip and Super Sic Bo

United States debut for Evolution’s Crazy Coin Flip, a unique slot game with live bonus round, and Super Sic Bo, a super-engaging live version of the ancient dice game
Evolution AB (Evolution) today announced the launch of its highly anticipated Crazy Coin Flip live slot and the coming soon launch of Super Sic Bo in the United States. Crazy Coin Flip is now streaming live to players in New Jersey from the company’s live casino studio in Atlantic City and Super Sic Bo will go live on December 7, streaming live to players in Pennsylvania and West Virginia.
Crazy Coin Flip combines the best of RNG slots and live casino into an exciting and memorable experience for the player. The game features three engaging and entertaining phases; a qualifying slot, an against-the-clock top-up slot and, finally, the live Coin Flip bonus round. This final live round offers all the excitement and suspense of a classic game show as multipliers are accumulated and the coin is flipped to determine whether the winning side is red or blue.
The Crazy Coin Flip launch marks the United States debut of this one-of-a-kind live slot, which has proven to be popular with online players from around the world.
In the hugely popular Super Sic Bo, just as in the original dice game, players bet on the outcome of a three standard-dice shake. To add an exciting twist, random multipliers of up to 1,000x are applied to a number of bet spots, giving the potential for large multiplied payouts.
“Evolution revolutionized the live casino market worldwide by creating the live game shows category with Dream Catcher in 2017 and following it up with many more innovative and entertaining game show titles over the years,” the North America Chief Executive Officer for Evolution, Jacob Claesson, said. “Crazy Coin Flip is a unique first; an innovative live slot game that builds in the live game show experience and we are so excited to bring it to our United States audience for the first time.
“What’s more, the addition of Super Sic Bo greatly enhances the diversity of our unrivalled product portfolio in the United States. The simplicity of the gameplay combined with the engaging use of multipliers creates an authentic game, appealing to a wide range of players.”
Crazy Coin Flip launched with multiple operators in New Jersey on December 4 and Super Sic Bo is due to launch in Pennsylvania and West Virginia on December 7. Both games are due to go live in additional states during 2024.
For trade press and media enquiries, please contact: Daniel Tweedie, Head of Marketing, at Press@ Evolution .com.
Compliance Updates
GLI Named Approved Data Standards Auditing Body by IBIA

Gaming Laboratories International (GLI) has been named an approved auditing body for International Betting Integrity Association’s (IBIA) Data Standards. Sports data providers wishing to be audited for the IBIA Data Standards and its kitemark will now be able to utilize GLI’s unparalleled expertise and global network of testing locations, streamlining the product auditing process and ensuring seamless compliance with IBIA standards.
This milestone underscores GLI’s commitment to excellence in gaming compliance and further solidifies its position as a trusted industry leader.
IBIA’s Data Standards process was launched in 2020. The association, which represents many of the leading regulated sports betting operators in the world, established the Standards in response to concerns about the adverse impact of the manipulation of data and the related corruption of betting markets. IBIA believes that the Data Standards are an effective means of protecting the integrity of sport, its data, betting markets generated by that data and consumers enjoying those products. Leading global data providers Stats Perform, Sportradar and GRID are all currently accredited.
IBIA CEO Khalid Ali said: “GLI is a globally recognized leader in its field, and IBIA welcomes the company’s desire to gain accreditation as an auditing body for the Data Standards. It recognizes the importance of the Data Standards and to maintaining the integrity of the processes underpinning the creation of the sports betting market. We look forward to working with GLI, which becomes one of only two companies that are accredited to provide auditing services for the IBIA Data Standards.”
Joseph Bunevith, VP of Government and Regulatory Affairs at GLI, said: “We are grateful for the opportunity to embark on this promising partnership, and we are thankful to IBIA for placing their trust and confidence in GLI. GLI’s testing, auditing, and depth of knowledge in sports betting is second to none, and we expect this relationship to foster great outcomes for the global sports betting industry.”
Gambling in the USA
Playtech Opens the Eagerly Awaited Third State-of-the-Art Live Casino Facility in Pennsylvania

Playtech has opened its third and latest state-of-the-art Live Studio in the US. The highly anticipated studio, which officially soft launched on November 28, will soon continue to run operations 24/7, marking a significant milestone for Playtech Live as it conquers its third US state, completing the tri-state iGaming project.
Located in Pennsylvania, the new Live Studio offers an exceptional Live Casino experience, allowing players to indulge in the thrill and excitement of VIP Blackjack and Roulette games. With an unwavering commitment to delivering unmatched gambling opportunities, Playtech Live has exciting plans to expand its game offerings to further cater to the diverse preferences and interests of esteemed players in the near future.
The launch of the long-awaited Pennsylvania Live Studio continues to showcase the Playtech Live team’s dedication to innovation and its belief in creating dynamic, immersive, and state-of-the-art online casino experiences. This studio is a testament to Playtech’s commitment to driving the evolution of the iGaming industry by bringing cutting-edge technology and highly engaging content to players worldwide.
As a leader in the Live Casino market, the Playtech Live team has taken great pride in expanding its footprint within the US, solidifying its presence in three key states for iGaming. The continuously growing team in the US is consistently delivering these key milestones and the newly opened Pennsylvania Live Studio is a testament to Playtech’s position as the go-to provider for Live Casino solutions further strengthening its partnerships with leading online operators across the US.
Edo Haitin, CEO of Playtech Live, said: “I am very proud of this significant achievement for Playtech Live as we open our Pennsylvania Live Studio. This achievement is a testament to the outstanding dedication and expertise of our team, as well as our commitment to delivering exceptional Live Casino experiences to players worldwide. We are thrilled to complete the tri-state iGaming expansion and conquer yet another key territory. The launch of our state-of-the-art studio represents an exciting new chapter in our growth, showcasing our commitment to driving innovation within the industry with our dedicated focus on crafting customised gameplay experiences for the American market. We remain committed to delivering players of Pennsylvania an extraordinary online gaming experience.”
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