Gambling.com seeks investment from Stockholm listing

Gambling.com seeks investment from Stockholm listing

Gambling.com has listed €16m (£14.2m/$18.2m) in senior secured notes on the Nasdaq Stockholm exchange after receiving approval from the Swedish Financial Supervisory Authority.

Published 4th December 2018

The notes have a fixed interest rate of 10.5% and are due to mature on October 22, 2021 – the three-year anniversary of their over-the-counter issuance.

The company’s framework limit is set at €25m, which provides headroom for the possible future issuance of a further £9m in notes.

Gambling.com CEO Charles Gillespie has previously said that the bond issue will support the company’s expansion plans in the US.

Last week, Gambling.com relaunched Bookies.com as a US-facing service featuring tips, reviews and news, some nine months after acquiring the website.

Gambling.com said that content covering regulated sports betting in all US states, as well as various interactive features, would be added to Bookies.com in the future. Coverage of the UK market – the website’s historical user base – has also been included.

Other affiliate providers, such as BettingExpert, Catena Media and RakeTech have all made acquisitions with a view to gaining a foothold in the US market.

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