05:40 PM EDT, 04/02/2024 (MT Newswires) -- Gambling.com Group ( GAMB ) said late on Tuesday that it completed the acquisition of Freebets.com and related assets for $37.5 million to $42.5 million.

The company anticipates these assets will generate revenue of $10 million and incremental adjusted earnings before interest, tax, depreciation, and amortization of $5 million over the balance of this year.

The purchase price is partly linked to revenue during the remainder of 2024, the company said.

This acquisition is expected to "provide Gambling.com ( GAMB ) with a clear path to drive further growth in both our existing European markets as well as new ones," Chief Executive Officer Charles Gillespie said in a statement.

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