Aspire Global hails stronger US presence amid bullish Q1 update

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Aspire Global has hailed what it described as “yet another quarter with record high revenues and EBITDA” in its Q1 interim report published this week. The igaming solutions provider also underlined its stateside credentials, citing a significant strengthening of its US presence courtesy of deals with Rush Street Interactive and GAN

Focusing on the headline numbers, Aspire reported Q1 revenues ahead by 42.6% to $57.7m (2020: $40.4m), with EBITDA up 64.2% to $10.3m (2020: $6.2m). The growth, it said, was driven by strong developments in all segments and the acquisition of sportsbook provider BtoBet.

EBIT during the quarter increased 66.3% to$7.8m (2020: $4.7m), while earnings after tax increased 140% to $7.3m (2020: $3m).           

Updating investors on US activity, CEO Tsachi Maimon said: “Establishing a strong footprint and building our brands in the fast-growing US market are key objectives for us this year, and we have already made significant progress on this front. 

“In January, Pariplay, the leading game studio and game aggregator, was granted an Interim igaming Supplier License for the state of West Virginia. Shortly after, Pariplay’s games went live in New Jersey with Rush Street Interactive, a market leader in online casino and sports betting in the US.

“In April we took yet another key step in the US by signing a striking deal with the platform provider GAN. The partnership will see Pariplay expand its footprint through GAN’s platform, which is available to operators in three states – New Jersey, Pennsylvania and Michigan. By partnering with GAN, a well-established supplier with leading operator partners, we will get Pariplay’s games in front of a significant audience across numerous states.”

He added: “The US igaming market is growing at an impressive rate with more states currently considering legalizing online gaming. Our objective is to be at the forefront of these developments. Aspire Global has already filed applications for accessibility in Pennsylvania and Michigan, with the objective to file in all accessible states.”