Raketech announces major milestone
Raketech moves into the U.S market by acquiring American Gambler
The iGaming specialist in performance marketing, Raketech, announced an important company milestone today in relation to the organisation’s acquisition of americangambler.com (“American Gambler”), the American based organic affiliation marketing company.
It is expected that, due to the new acquisition, Raketech’s U.S revenues will potentially contribute approximately 5-10 % of the group’s total revenues, already in Q4 of this year.
The Stipulated price for the mentioned asset amounts to €5m which represents a multiple of approximately 3.9x EBITDA and 3.5x revenues, and is built upon the current run rate.
Raketech is currently aiming to maximise the potential of the evolving U.S market and, therefore, is seeking to invest in several local state assets in order to push forward further growth. This maneuvor will compliment the American 
Gambler acquisition whilst other investments will further solidify such an approach.
CEO of Raketech Mr Oskar Mühlbach (pictured) outlined that “The Acquiring of American Gambler is a vital strategic move for us, as we are now shifting the US from a strategic target to a strategic market. Additionally, such an expansion of the American Gambler’s service will offer more and more states with the support from our strong core operations team and technology platform, I foresee great opportunities for growth.”
American Gambler Founder, Alexander Kostin stated:
“To join forces with a larger professional player with a proven track record is the best choice for American Gambler, an already strong product on the US market. Such a partnership has secured a strong infrastructure along with solidifying and extending our financial arm which will allow us to become one of the leading brands on the US market. I am happy that Raketech identified the potential in American Gambler and gave a helping hand to realize its full potential for years to come.”
The Racketech acquisition of American Gambler will, as at closing, be settled using Raketech’s current cash along with funds generated from the divestment of the consumer finance assets, which was announced through a separate press release 6 November 2020. The acquired assets will be an integrated part of Raketech as of today.
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