Esports Technologies completes $75.9m acquisition of Aspire Global’s B2C business

Esports Technologies Inc has announced the successful closing of its acquisition of Aspire Global's B2C business for $75.9m.
Image source: Shutterstock

Esports Technologies Inc, a global provider of advanced esports wagering products and technologies, has announced the successful closing of its acquisition of Aspire Global’s B2C business for $75.9m.

Under the terms of the deal, Esports Technologies has now closed on the acquisition of Aspire’s B2C proprietary online casino and sportsbook brand portfolio, including Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, and GenerationVIP.

The company has also obtained access to gaming licensing in tier one regulated markets including the United Kingdom, Germany, Ireland, Malta, and Denmark.

Aaron Speach, CEO, Esports Technologies, commented: “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. We look forward to our partnership with Aspire as we continue to scale.”

Esports Technologies noted it plans to leverage the increased market access to cross-sell esports wagering possibilities to increase its esports revenue, player bet transactions, and customer base.

Aspire Global will serve as the back-end provider for the acquired B2C brands, ensuring operational continuity, and will offer Esports Technologies wagering products on its platform.

Tsachi Maimon, CEO of Aspire Global, added: “Esports Technologies has rapidly established itself as one of the foremost innovators in esports wagering. Acquiring the world-class B2C portfolio we’ve built will further expand their reach in this skyrocketing global market.”

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. The B2C business recorded wagering of $1.86bn and $183m in cash deposits from 1.25m customers.