Press Releases
Choctaw Nation Brings More than $3.2 Billion Impact to Oklahoma in 2021
The Choctaw Nation of Oklahoma announced today that the tribe had a significant $3,227,364,212 impact on the State of Oklahoma for 2021. Tribal officials made the announcement during an economic impact press conference for several tribal, state, county and local officials.
The economic impact report, prepared by Dr. Kyle Dean, Economist for the Center for Native American Studies at Oklahoma City University, show the Choctaw Nation is a driving force in southeastern Oklahoma, as well as the overall state. In 2021, the Tribe reported 20,142 Oklahoma jobs supported, representing $1 billion in wages and benefits paid to Oklahomans.
āWith its remarkable $3.2 billion impact, the Choctaw Nation is one of the most significant contributors to economic prosperity in Oklahoma. Through innovative enterprises and steadfast commitment to community, the Nation not only fortifies its own future but also significantly contributes to the economic fabric of communities throughout southeastern Oklahoma and the state,ā said Dr. Dean. āContinued partnerships between the Choctaw Nation and local communities are crucial for the survival and prosperity of rural areas in southeastern Oklahoma, serving as a cornerstone for sustainable development and mutual growth in the region.ā
āThe Choctaw Nationās $3.2 billion (up from $2.5 billion in 2019) economic impact is helping improve lives across Oklahoma. These dollars extend beyond our tribal reservation to help educate students, fund infrastructure improvements, and provide needed healthcare coverage to the often underserved,ā said Chief Gary Batton, Chief of the Choctaw Nation. āWe are proud the Choctaw Nation is able to help fuel Oklahomaās growth and economic prosperity.ā
Education
Choctaw Nation has paid more than $335 million in exclusivity fees to the State according to the Gaming compact, including $34.2 million in 2021. These funds go directly to support public education statewide. The Choctaw Nation funded over $61 million (beyond exclusivity fees) for educational programs. In addition to providing statewide education support, the Choctaw Nation funded 10,410 college education scholarships to the tune of $10.8 million, provided summer school education to 5,573 tribal and non-tribal students in 48 schools, and paid for 708 elementary-age children to attendĀ Choctaw Head StartĀ andĀ Choctaw ChildcareĀ programs.
Housing
The Choctaw Nation is building a pathway to safe and affordable housing. In 2021, the Choctaw Nation invested $14.2 million to build 92 new homes across the reservation as part of theĀ Lease-to-Purchase (LEAP)Ā homeownership program, independent elder, and affordable rental programs. A total of 481 storm shelters were installed in 2021 to protect the lives of tribal members.
Healthcare
Providing access to quality healthcare to tribal members is a primary focus for the Choctaw Nation which operates a full-service hospital in Talihina, Okla., eight health clinics, three behavioral health clinics, five specialty clinics and 14 wellness centers. In 2021, the Choctaw Nation spent $282 million to support healthcare for Oklahomans and had more than 1 million patient encounters.
Community
Through the Choctaw Community Partnership Fund and Choctaw Development Fund, the Choctaw Nation has provided $3,525,252 in contributions and community grants to cities, towns and counties to support economic development, infrastructure and sustainability.
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Galaxy GamingĀ® and IGT PlayDigital Announce Five-Year Licensing Agreement for Table Game Content
Galaxy Gaming, Inc. announced a licensing arrangement with leading North American global iGaming content and services supplier IGT PlayDigitalā¢. IGT PlayDigital will license Galaxy’s premium table game content for IGT PlayDigitalās online content portfolio under a five-year agreement.
āIām delighted to bring Galaxy games back to our valued partners at IGT,ā said Jason McCulloch, Vice President of iGaming at Galaxy Gaming. āOur products complement each other strategically and given the impressive performance of IGT PlayDigitalās table games, I’m confident that Galaxy Gaming titles will drive further growth and success for both companies.
Under the agreement Galaxy’s popular online brands, including 21+3Ā®, Perfect PairsĀ®, Buster BlackjackĀ®, Lucky LuckyĀ®, Lucky LadiesĀ® and Caribbean StudĀ® ā will continue to strengthen IGT PlayDigitalās already high-performing online table games portfolio.
āIGT PlayDigital is pleased to enhance our market-leading iGaming content portfolio with popular online table games from Galaxy Gaming,ā said Gil Rotem, IGT PlayDigital President. āAs evidenced by IGT PlayDigitalās high performing āIGT Blackjackā game, players around the world readily enjoy table games on their PCs and mobile devices and we believe this content expansion will help our customers engage players and differentiate their offerings.ā
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ACR POKERāS LIGHTNING PKOS DELIVER FAST-PACED TOURNAMENT POKER ACTION AND BIG WINS IN JUST 45 MINUTES
Poker players looking for lightning-fast tournament poker action are heading to ACR Poker. The popular global poker site is bringing the heat with Lightning PKOsāa rapid progressive knockout tournament format that delivers high-speed play and big knockout prizes in tournaments that last just 45 minutes.
āIf youāre a family man like me, finding time to play tournaments can be a challenge,ā said ACR Pro and poker legend Chris Moneymaker. āACR Pokerās Lightning PKOs are perfect for time-starved players who love fast-paced poker action and big knockout rewards without the long grind. Whether youāre playing on mobile or desktop, thereās 45-minute tournaments running around the clock, making it easy to find a game and join the excitement anytime.ā
Running 24/7, Lightning PKOs give players the flexibility to jump into the action at any time. With buy-ins ranging from $0.11 up to $31.50, these tournaments cater to every bankroll while providing the chance to play for instant knockout bounties. With 20 minutes of late registration, players can join on the fly without missing out.
Unlike traditional poker tournaments that can last for hours, Lightning PKOs keep the action moving, with every tournament wrapping up in just 45 minutes. Players start with 10 big blinds and every knockout results in an instant cash prize. With more players joining daily, the prize pools continue to grow, offering even greater rewards in every tournament.
Lightning PKOs are now available as part of ACR Pokerās recently revamped tournament schedule, giving players the chance to jump in and play anytime, anywhere.
In addition to the high-energy Lightning PKOs, players can experience even more action at ACR Poker throughout March and April. The Online Super Series runs until Monday, March 31st, featuring $25 million in guarantees and a $35,000 Leaderboard Contest. Players can also jump into the $12 million guaranteed Dual Venom tournaments starting Sunday, April 13th and secure their $2,650 seat for as little as $0 through the Venom Vault and Venom Fever Satellites.
2025 Guidance Mid-points Imply 35% and 40% Year-Over-Year Revenue and Adjusted EBITDA Growth
Gambling.com Group Limited, a fast-growing provider of digital marketing services for the global online gambling industry, today reported financial results for the fourth quarter and full-year ended December 31, 2024.
Charles Gillespie, Chief Executive Officer and Co-Founder of Gambling.com Group, commented, āOur record fourth quarter and full-year results were driven by our teamās prioritization of iGaming across the markets where we operate. Our team delivered outstanding performance in the quarter, especially when compared to the launch driven results in the prior-year period. We anticipate growth and continued market share gains in our performance marketing business across all geographic regions in 2025, including North America. The consolidation of Odds Holdings, Inc. from January 1st marks the start of the Companyās next phase of growth as we layer on sports data solutions to our existing, high-growth, high-margin business. Our competitive positioning is strong across the globe.ā
āWe capped an active and productive year during which we set the stage for continued strong growth in 2025 and beyond,ā said Mr. Gillespie. āIn 2024, we extended our record of delivering full-year revenue, Adjusted EBITDA and Free Cash Flow growth with those metrics improving 17%, 33%, and 81%, respectively, year-over-year. In addition, we strengthened our product and market positioning organically as well as through the complementary, accretive acquisitions of Freebets.com and Odds Holdings. With the biggest and most talented team we have ever had and an enhanced product offering, we are making great progress towards our goal of reaching $100 million in annual Adjusted EBITDA.ā
Elias Mark, Chief Financial Officer of Gambling.com Group, added, āFourth quarter revenue and Adjusted EBITDA increased 9% and 39% year-over-year, respectively, and over 80% of Adjusted EBITDA converted to free cash flow, reflecting the continued success of our strategies to optimize the returns from our global portfolio of owned and operated assets. As expected, we generated strong online casino growth across all our geographical regions, while our North American business continued to be resilient against challenging comparables. As reflected in our full-year guidance, we expect to generate significant year-over-year revenue and Adjusted EBITDA growth in 2025, and we are well-positioned to carry this operating momentum forward.ā
Financial Highlights Three Months Ended December 31, 2024 vs. Three Months Ended December 31, 2023
(USD in thousands, except per share data, unaudited)
|
|
Three Months Ended December 31, |
|
Change  |
|||||
|
|
2024 |
|
2023 |
|
% |
|||
|
Revenue |
35,308 |
|
|
32,530 |
|
|
9 |
% |
|
Net income for the period attributable to shareholders |
7,933 |
|
|
6,372 |
|
|
24 |
% |
|
Net income per share attributable to shareholders, diluted |
0.23 |
|
|
0.16 |
|
|
44 |
% |
|
Net income margin |
22 |
% |
|
20 |
% |
|
|
|
|
Adjusted net income for the period attributable to shareholders (1) |
12,172 |
|
|
8,622 |
|
|
41 |
% |
|
Adjusted net income per share attributable to shareholders, diluted (1) |
0.35 |
|
|
0.22 |
|
|
59 |
% |
|
Adjusted EBITDA (1) |
14,736 |
|
|
10,569 |
|
|
39 |
% |
|
Adjusted EBITDA Margin (1) |
42 |
% |
|
32 |
% |
|
|
|
|
Cash flows generated by operating activities |
13,698 |
|
|
7,140 |
|
|
92 |
% |
|
Free Cash Flow (1) |
13,162 |
|
|
6,511 |
|
|
102 |
% |
|
__________ |
|
(1) Represents a non-IFRS measure. See āSupplemental Information – Non-IFRS Financial Measuresā and the tables at the end of this release for reconciliations to the comparable IFRS numbers. |
Fourth Quarter 2024 and Recent Business Highlights
- Delivered more than 145,000 new depositing customers (āNDCsā)
- Repurchased 486,312 shares at an average price of $9.80 per share
- Won Casino Affiliate of the Year at the 2024 EGR Operator Awards
- Completed accretive acquisition of Odds Holdings, Inc. on January 1, 2025 for initial consideration of $70 million in cash and $10 million in shares
- Expanded credit facility to $165 million with a new syndicate
Three Months Ended December 31, 2024 Results Compared to Three Months Ended December 31, 2023
Revenue rose 9% year-over-year to a record $35.3 million. The Company delivered more than 145,000 NDCs to clients, a 9% year-over-year decrease reflecting a challenging comparison primarily due to ESPNBetās launch in 17 markets in the 2023 fourth quarter period.
Gross profit increased 21% to $33.1 million, due to strong revenue growth and a $2.9 million year-over-year decrease in cost of sales related to the Company’s media partnerships.
Total operating expenses increased 21% to $23.3 million, primarily as a result of increased people costs and higher amortization related to the acquisition of Freebets.com and related assets.
Net income attributable to shareholders increased $1.6 million to $7.9 million and net income per share was $0.23 compared to $0.16 in the prior year period. Adjusted net income rose 41% to $12.2 million and adjusted net income per share increased 59% to $0.35.
Adjusted EBITDA increased 39% to a record $14.7 million, reflecting an Adjusted EBITDA margin of 42% as compared to Adjusted EBITDA of $10.6 million and an Adjusted EBITDA margin of 32% in the prior-year period.
Operating cash flow of $13.7 million compared to $7.1 million in the prior-year period. Free cash flow grew 102% to $13.2 million reflecting growth in net income and Adjusted EBITDA and positive working capital movements in the quarter.
2025 Outlook
Gambling.com Group today reiterated the 2025 full-year revenue and Adjusted EBITDA guidance originally provided on February 19, 2025. The Company expects full year revenue of $170 million to $174 million and Adjusted EBITDA of $67 million to $69 million. The midpoints of the new full year revenue and Adjusted EBITDA guidance ranges represent year-over-year growth of 35% and 40%, respectively, and an adjusted EBITDA margin of 39.5%.
The Companyās guidance assumes:
- Incremental Adjusted EBITDA contributions of approximately $14.5 million related to the acquisition of Odds Holdings, Inc. that was completed on January 1, 2025.
- No additional North American markets coming online over the balance of 2025. While online sports betting is expected to begin in Missouri in the second half of 2025, the Companyās guidance policy excludes any benefits from new state launches until such time as a definitive start date is announced by the appropriate regulatory body.
- An average EUR/USD exchange rate of 1.07 throughout 2025.
Financial Highlights Full Year Ended December 31, 2024 vs. Full Year Ended December 31, 2023
(USD in thousands, except per share data, unaudited)
|
|
Year ended December 31, |
|
Change |
|||||
|
|
2024 |
|
2023 |
|
% |
|||
|
Revenue |
127,182 |
|
|
108,652 |
|
|
17 |
% |
|
Net income for the period attributable to shareholders |
30,679 |
|
|
18,260 |
|
|
68 |
% |
|
Net income per share attributable to shareholders, diluted |
0.84 |
|
|
0.47 |
|
|
79 |
% |
|
Net income margin |
24 |
% |
|
17 |
% |
|
|
|
|
Adjusted net income for the period attributable to shareholders (1) |
42,120 |
|
|
32,207 |
|
|
31 |
% |
|
Adjusted net income per share attributable to shareholders, diluted (1) |
1.16 |
|
|
0.84 |
|
|
38 |
% |
|
Adjusted EBITDA (1) |
48,691 |
|
|
36,715 |
|
|
33 |
% |
|
Adjusted EBITDA Margin (1) |
38 |
% |
|
34 |
% |
|
|
|
|
Cash flows generated by operating activities |
37,638 |
|
|
17,910 |
|
|
110 |
% |
|
Free Cash Flow (1) |
41,582 |
|
|
23,000 |
|
|
81 |
% |
|
__________ |
|
(1) Represents a non-IFRS measure. See āSupplemental Information – Non-IFRS Financial Measuresā and the tables at the end of this release for reconciliations to the comparable IFRS numbers. |
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