Gambling.com Group Bundle
Who owns Gambling.com Group?
Understanding the ownership of Gambling.com Group is key to grasping its strategic direction and influence in the online gambling affiliate marketing sector. The company's Initial Public Offering (IPO) on July 23, 2021, on the Nasdaq Global Market under the ticker 'GAMB' was a significant event that broadened its ownership base.
This move not only provided capital for growth but also diversified its investor profile beyond its founders and initial backers.
Gambling.com Group's journey began in 2005 with founders Charles Gillespie and Kevin McCrystle, initially as World Sports Network (WSN), focusing on soccer content. After rebranding to KAX Media in 2009 and shifting to online casino games in Europe, the acquisition of the Gambling.com domain in 2011 for $2.5 million led to its final rebranding as Gambling.com Group.
As of July 23, 2025, Gambling.com Group, a leader in connecting players with regulated operators, holds a market capitalization of $395.91 million. Its ownership is a blend of institutional, retail, and individual investors, featuring a dual-class share structure. This structure offers insight into the company's evolution and its key stakeholders. For a deeper understanding of its market position, consider a Gambling.com Group Porter's Five Forces Analysis.
Who Founded Gambling.com Group?
Gambling.com Group was established by Charles Gillespie and Kevin McCrystle. Gillespie, who currently serves as CEO, began his career in the online gambling affiliate sector in 2003, founding the company in 2006. McCrystle joined as co-founder and Chief Operating Officer in 2007, a role he continues to fulfill.
Founding VisionariesCharles Gillespie and Kevin McCrystle are the co-founders of Gambling.com Group. They have been instrumental in shaping the company's strategic direction since its inception.
Early FundingThe company's initial capital came from the founders' personal savings and angel investments. Specific details on the exact amount of initial funding are not publicly available.
Founder EquityAs of July 2024, Charles Gillespie holds an estimated 13.6% of the company's outstanding shares. Kevin McCrystle owns approximately 3.5% of the total shares.
Leadership ContinuityBoth founders have maintained executive positions since the company's establishment. This continuity underscores their commitment and ongoing influence on the company's operations.
Industry FocusThe company operates within the online gambling performance marketing industry. Their business model focuses on driving traffic and conversions for online gaming operators.
Company EstablishmentGambling.com Group was founded in 2006, with Charles Gillespie starting his entrepreneurial endeavors in the affiliate space earlier in 2003. |
The ownership structure of Gambling.com Group is significantly influenced by its founders, Charles Gillespie and Kevin McCrystle, who have been involved since its inception in 2006. Gillespie, the current CEO, started his journey in the online gambling affiliate sector in 2003. McCrystle joined as co-founder and Chief Operating Officer in 2007. Their substantial personal stakes, with Gillespie owning an estimated 13.6% and McCrystle holding about 3.5% of outstanding shares as of July 2024, highlight their continued commitment and belief in the company's growth trajectory. This founder-led approach is central to the company's vision and strategic execution within the performance marketing industry. Understanding the Mission, Vision & Core Values of Gambling.com Group provides further insight into their operational philosophy.
Key Ownership Details
The early ownership of Gambling.com Group is rooted in the vision and investment of its founders, Charles Gillespie and Kevin McCrystle. Their continued significant shareholdings reflect a long-term commitment to the company's success.
- Founders: Charles Gillespie and Kevin McCrystle
- Gillespie's Ownership (July 2024): Approximately 13.6%
- McCrystle's Ownership (July 2024): Approximately 3.5%
- Initial Funding: Personal savings and angel investments
- Industry: Online gambling performance marketing
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How Has Gambling.com Group’s Ownership Changed Over Time?
The ownership of Gambling.com Group has seen significant shifts, notably with its public listing on the Nasdaq. An investment of $15.5 million from Edison Partners in September 2019 was a key step, leading to its IPO on July 23, 2021, which raised $42 million.
| Key Event | Date | Impact |
| Edison Partners Investment | September 2019 | Secured $15.5 million in growth equity |
| Initial Public Offering (IPO) | July 23, 2021 | Listed on Nasdaq under 'GAMB', raised $42 million |
| Market Capitalization at IPO | July 23, 2021 | $270.45 million |
| Market Capitalization Growth | As of July 23, 2025 | Increased by 33.53% to $395.91 million |
As of fiscal year 2024, Gambling.com Group Limited operates as a publicly traded entity with a dual-class share structure. This structure means Class A ordinary shares are available to the public, while Class B ordinary shares are primarily held by company directors and employees, effectively concentrating voting power among key insiders. This setup is common for companies aiming to maintain control while accessing public markets.
Major Stakeholders in Gambling.com Group
Understanding who owns Gambling.com Group involves looking at both insider and institutional investors. These stakeholders play a crucial role in the company's direction and performance.
- Mark Blandford is a significant insider shareholder, holding 8,946,536 shares, representing 25.50% of the company's stock as of March 31, 2025.
- Edison Partners IX, LP and Edison Partners Management, LLC are substantial institutional investors, each holding 7.00% (2,493,875 shares).
- Other key institutional investors include AWM Investment Company Inc. (4.18%), BlackRock, Inc. (3.14%), and G2 Investment Partners Management LLC (2.96%).
- As of July 18, 2025, a total of 254 institutional owners and shareholders have filed necessary reports, collectively holding 16,662,608 shares.
- The company's market capitalization has seen a healthy increase of 33.53% in the year leading up to July 23, 2025.
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Who Sits on Gambling.com Group’s Board?
The board of directors for Gambling.com Group comprises individuals representing key stakeholders, including founders and independent directors, who collectively guide the company's strategic direction. As of May 2024, Charles Gillespie holds the positions of Chairman and CEO, alongside his co-founder role. Kevin McCrystle, also a co-founder and COO, has been a director since May 2024. Michael Quartieri serves as the lead independent director, a role he assumed in May 2024, having been a director since June 2022.
| Director Name | Role | Start Date |
|---|---|---|
| Charles Gillespie | Chairman, CEO, Co-Founder | May 2024 |
| Kevin McCrystle | Director, Co-Founder, COO | May 2024 |
| Michael Quartieri | Lead Independent Director | June 2022 |
| Susan Ball | Director | |
| Pär Sundberg | Director | |
| Fintan Costello | Class I Director | May 14, 2025 |
| Jayme Mendal | Class II Director | May 15, 2025 |
The company's governance is significantly influenced by its dual-class share structure. Class A ordinary shares are available for public trading, while Class B ordinary shares are held by a select group of directors and employees. This arrangement effectively concentrates voting power among key insiders, granting them substantial control over corporate decisions and the overall direction of Gambling.com Group. Understanding who owns Gambling.com Group involves recognizing this internal concentration of voting rights.
Board Evolution and Governance
Recent adjustments to the board structure were finalized around the Annual General Meeting on May 14, 2025. These changes aim to refine the company's governance framework while maintaining continuity with its foundational leadership.
- Gregg Michaelson stepped down from the board and the Compensation Committee effective May 14, 2025.
- Jayme Mendal joined the board as a Class II director on May 15, 2025, also serving on the Compensation Committee.
- Mendal meets the independence criteria set by Nasdaq listing requirements.
- These appointments reflect a strategic approach to evolving the company's leadership and oversight.
- The structure of the board plays a crucial role in how Gambling.com Group ownership is managed.
The strategic decisions made by the board are vital for the company's growth, as detailed in discussions on the Marketing Strategy of Gambling.com Group. The composition of the board, particularly the influence of Class B shareholders, is a key factor in understanding the overall Gambling.com Group ownership and its trajectory. This structure ensures that founders and key personnel retain significant influence, impacting the company's long-term vision and operational execution. The company's financial reports ownership and investor relations ownership are directly tied to these governance dynamics.
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What Recent Changes Have Shaped Gambling.com Group’s Ownership Landscape?
In the past few years, Gambling.com Group has seen significant shifts in its ownership landscape, driven by strategic acquisitions and robust financial performance. These developments highlight the company's expansion and evolving market position.
| Development | Date | Consideration | Impact |
|---|---|---|---|
| Acquisition of Odds Holdings, Inc. (parent of OddsJam) | January 1, 2025 | $70 million cash, $10 million ordinary shares | Expected to contribute $14.5 million in Adjusted EBITDA in 2025 |
| Acquisition of Freebets.com and related assets from XLMedia | April 2024 | $37.5 million | Strengthened market presence |
| Expansion of credit facility | March 2025 | $165 million | Enhanced financial flexibility |
| Board changes (Gregg Michaelson resignation, Jayme Mendal appointment) | May 2025 | N/A | Board composition adjustments |
Gambling.com Group has demonstrated impressive financial growth, with first-quarter 2025 revenue reaching $40.6 million, a 39% increase year-on-year. This surge is supported by a strategic focus on the North American market, which generated $21 million in revenue in Q1 2025, up 42% from the previous year. The company has reiterated its full-year 2025 guidance, projecting revenue between $170 million and $174 million and Adjusted EBITDA between $67 million and $69 million, indicating substantial anticipated annual growth. A key trend is the increasing contribution of recurring subscription revenue, which now accounts for 24% of total Q1 2025 revenue, enhancing revenue visibility and financial predictability. This growth trajectory is further supported by understanding the Revenue Streams & Business Model of Gambling.com Group.
Strategic Acquisitions Driving Growth
The company's recent acquisitions, including OddsJam and Freebets.com, have significantly expanded its market reach and revenue potential. These moves underscore a proactive strategy to consolidate and grow within the online gambling sector.
North American Market Focus
Gambling.com Group's strategic shift towards the US market post-PASPA repeal has proven highly effective. North America is now the largest revenue contributor, reflecting successful market penetration and expansion efforts.
Financial Performance and Outlook
Record revenue and strong Adjusted EBITDA growth in Q1 2025, coupled with reiterated full-year guidance, indicate a positive financial trajectory. The increasing share of recurring subscription revenue enhances financial stability and predictability.
Evolving Ownership Structure
While the company is publicly traded, specific details on major shareholders and the ultimate beneficial owner are typically found in investor relations filings. Recent board changes suggest ongoing adjustments to corporate governance and strategic oversight.
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