Online casino and mobile sportsbook platform provider Aspire Global has underlined significant progress in the US and the success of its proprietary sportsbook BtoBet in its Q2 and H1 results posted this week.
The firm reported a Q2 revenue increase of 27.7% to $65.3m ($51.1m), with EBITDA ahead by 40.1% to $11.6m ($8.3m). H1 revenues increased by 34.2% to$121.5m ($90.5m), while EBITDA in the period was up 50.3% to $21.5m ($14.4m).
CEO Tsachi Maimon, updating investors, welcomed a sixth consecutive quarter of solid growth, citing significant progress in the quarter by growing its business with both existing as well as new partners in the US, Europe, Latin America and Africa.
On the firm’s US performance, he noted: “Our expansion plans for the US market are running according to plan. Since early August, we have Quincy Raven in place as the Managing Director of Aspire Global’s US operations.
“The US igaming market is growing at an impressive rate, and we want to be at the forefront of the developments. Quincy has vast experience and will focus on accelerating sales and setting up the relevant operations in order to make sure Aspire Global can establish a significant presence in the US.
“In May, Pariplay signed a deal with Amelco that will integrate Pariplay’s premium Fusion platform into its US offering. This partnership will boost both parties’ US operations across multiple states. In April, Pariplay signed a deal with the platform provider GAN to provide its games across New Jersey, Pennsylvania and Michigan.”
Maimon also addressed Aspire’s movements in new markets, adding: Aspire Global today operates in 30 regulated markets spanning Europe, the Americas and Africa. Our objective is to continue our growth in regulated markets, both with existing and new partners.
“We have a strong focus on gaining more certifications and licenses mainly in Europe and the Americas. In the Americas, we focus especially on the US and Brazil.”
On BtoBet, he commented: “Just shortly after our acquisition of BtoBet last fall, BtoBet announced a deal with Betfair in Colombia. Betfair launched its sportsbook in Q1 2021 and we can now see a satisfying development in deposits which demonstrates BtoBet’s capabilities. This mutually rewarding collaboration can open up for other opportunities and is a good case study of how Aspire Global approaches tier 1 operators.
“Esports is a quickly growing segment and we are excited to team up with the award-winning esports operator Luckbox. BtoBet will be providing Luckbox with its cutting-edge sportsbook in European and Latin American countries. This will enable Luckbox to build an entirely bespoke player journey, customizing the sportsbook experience to its liking and providing players with a unique customer experience.”
BtoBet’s proprietary sportsbook is a key competitive advantage when talking to new as well as existing partners. In the quarter, we initiated the first projects where partner brands will replace their existing sports solution with the BtoBet sportsbook and mid-August the first brand went live with BtoBet’s sportsbook on our platform. We expect the shift of partner brands to the BtoBet proprietary platform to positively impact revenues and margins throughout 2021.