Gambling.com Group stock surges 13% in premarket as it prepares to launch online sports betting NY

Gambling.com Group Limited (Nasdaq: GAMB) stock surged 13% in premarket today as the Group is prepared to provide marketing services to licensed online sports betting operators in New York State when online legal sports betting launches on Saturday, January 8th, 2022.

As of 08:38 AM ET, GAMB was valued at $10.24, gaining $1.25 since last day’s close of $8.99.

The Group has created two New York-specific websites where sports bettors can find reliable, comprehensive, and up-to-date information about sports betting in the state. It is also prepared to assist New York-licensed online gambling operators in acquiring players through its national and international websites.

Gambling.com Group Betting resources in New York are NewYorkBets.com, EmpireStakes.com, Bookies.com, and Gambling.com are all online betting sites.

According to the New York State Gaming Commission’s guidelines, Gambling.com Group meets the requirements for providing marketing services to licensed operators in the state of New York.

With over 20 million residents, New York State will be the most populous state with legal online sports betting. For several years, the Gambling.com Group has been preparing to launch EmpireStakes.com in New York, intending to launch EmpireStakes.com in 2021. 

According to a YouGov survey, 1 in 3 New York adults is likely to place legal sports bets once online sports betting is legalized in the state, according to EmpireStakes.com.

“It is difficult to overstate the significance of New York State going live with legal online sports betting. As the largest state by population to accept legal sports bets in the U.S. to date, there is a massive opportunity for the New York market to be not just the biggest jurisdiction for sports betting in the country, but in the world. Gambling.com Group is well positioned to help operators and customers succeed in this new and very exciting market.”

Charles Gillespie, Chief Executive Officer of Gambling.com Group

Company Profile

Gambling.com Group Limited is a multi-award-winning performance marketing company and a leading provider of digital marketing services serving the online gambling industry exclusively. The Group is based out of Ireland, the United States, and Malta. It publishes a portfolio of premier branded websites, including Gambling.com and Bookies.com, using its proprietary technology platform. 

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