Esports Technologies completes acquisition of Aspire Global’s B2C assets
Esports Technologies has announced the company successfully closed its deal today to acquire Aspire Global’s B2C business for $75.9m.
The acquisition brought with it an assortment of B2C online casino and sportsbook brands, including Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, and GenerationVIP.
Strategically, Esports Technologies plans to leverage the increased market access from the multiple-brand acquisition to cross-sell esports wagering opportunities.
“Acquiring Aspire Global’s portfolio of innovative B2C brands, access to new markets, and its 1.25 million deposited customers is a strategic leap in our journey to become a world leader in esports wagering,” said Aaron Speach.
Additionally, Esports Technologies has gained access to gaming licensing in Tier 1 regulated markets, including the United Kingdom, Germany, Ireland, Malta and Denmark.
“We look forward to our partnership with Aspire as we continue to scale,” said Speach.
Aspire Global will serve as the back-end provider for the B2C brands, ensuring operational continuity, and will supply Esports Technologies’ wagering products.
“Esports Technologies has rapidly established itself as one of the foremost innovators in esports wagering,” said Tsachi Maimon.
In the most recent 12-month period ending September 2021, Aspire Global’s B2C revenue was $78.3m and its EBITDA was $7.9m, a 43% and 30% gain over the same period in the prior year, respectively. During the same period, the B2C business recorded wagering of $1.86bn and $183m in cash deposits from 1.25 million customers.
“Acquiring the world-class B2C portfolio we’ve built will further expand their reach in this skyrocketing global market,” said Maimon.
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