Gambling.com Group has detailed the strengthening of its team, through the appointment of Matti Metsola for the newly created role of Head of Legal.
Metsola, who joins the teams from Gaming Innovation Group (GiG) where he held position of GiG’s first General Counsel, commented: “The affiliate sector is among the most dynamic parts of the online gaming industry right now with vast opportunities coming along thick and fast, including the prospect of a large, legal sports betting market in the United States.
“With its visionary leadership Gambling.com Group is in prime position to capitalise on those developments, and I’m thrilled to become part of it.”
Boasting in excess of ten years of experience, a selection of Metsola’s previous experience has encompassed being legal practitioner and in-house counsel for a number of high profile companies, including Unibet (now Kindred Group) and Mr Green, in addition to GiG.
Charles Gillespie, CEO of Gambling.com Group, stated: “We are happy to see Matti join the team and bring with him a wealth of experience from managing demanding regulatory projects in the industry.”
The deal follows the group unveiling a strategic acquisition of Bookies.com, which led to it making a “forceful move” into the sports betting vertical, via the purchase of and related assets.
The firm detailed a purchase price of an upfront payment of £2m paid as a cash consideration in conjunction with the transfer of the assets, as well as a deferred compensation of £4.5m, which is payable over a period of one year.
In addition to Bookies.com, the transaction also includes the Bookmakers.co.uk and FootballScores.com websites, as well as 76 sports betting and casino related domain names.
Also acquired are premium undeveloped domains such as bookmakers.com and bookies.co.uk, with it detailed that the assets drive almost all of their revenue from the regulated United Kingdom sports betting market.