Aspire Global (https://www.aspireglobal.com/) has signed an agreement to
acquire
100% of the shares of BtoBet Ltd, a leading B2B sportsbook and
technology
provider. The acquisition of the sportsbook constitutes a key part
of Aspire
Global’s growth strategy since it is a major step in creating an
offering that
covers the main elements of the B2B iGaming value chain. Together
with the
acquisition last year of the leading aggregator and games studio
Pariplay, the
purchase of BtoBet’s sportsbook platform positions Aspire Global
among the
world’s leading iGaming suppliers.
The purchase price is €20 million
in cash of which €15 million at closing and €5
million twelve months after
closing. In addition, there is an additional
consideration based on BtoBet’s
performance two years after closing. This
consideration is seven times BtoBet's
EBIT in the second year from closing date
minus the purchase price of €20
million. In 2019, BtoBet had revenues of €4.4
million and an EBITDA of €1.5
million and in the first six months of 2020
revenues were €3.1 million and
EBITDA €1.2 million. The transaction is supposed
to be closed during Q4 2020
with material positive effect on Aspire Global’s
EBITDA as of 2021. The
acquisition is not expected to have any material effect
on the financial
results in 2020. BtoBet is headquartered in Gibraltar and has
almost 100
employees, the majority of which are based in the offices in Italy
and North
Macedonia.
With the proprietary sportsbook Aspire Global will control the IP
in the full
value chain and consequently also steer the complete roadmap. In
addition, the
proprietary sportsbook provides Aspire Global with the highest
flexibility when
it comes to adding new features and securing fast time to
market.
BtoBet has 32 operators on its platform in Europe, Latin America and
Africa. The
company is a leading provider in Latin America and Africa and with
the
acquisition Aspire Global, with its broad presence in Europe and
recent
establishment in the US, takes a prime position also in these two
growing
markets. BtoBet’s platform, named Neuron 3, provides operators with the
core
technology for a player-centric environment to facilitate their
player
interaction in placing their bet in any channels of choice. The result
is a
betting experience with an accentuated entertainment perspective based on
the
seamless transition of the core technology which adapts to various
scenarios
related to the players’ behaviour through any channel, any
jurisdictions and
markets’ requirements.
Tsachi Maimon, CEO of Aspire Global,
said: “Aspire Global now enters the sports
betting arena with storm strength.
With the acquisition of BtoBet we have become
a true global B2B company which
owns and provides an iGaming platform, sports
betting, casino games and games
aggregator as well as managed services for all
continents and markets. Aspire
Global can now compete for any deal, big or
small, that exists out
there.”
Tsachi Maimon continued: “This is a perfect match. We are impressed by
the
qualities of the Neuron Sports platform and in addition we will get access
to
new growth markets, new potential big deals and new
opportunities.”
Alessandro Fried, founder and shareholder of BtoBet, said: “I
am truly
enthusiastic by the opportunities we see by becoming part of Aspire
Global, the
powerhouse for iGaming operators. With our joined forces we will
take this new
global iGaming offering in every corner of the earth. We have
been in the
industry for a long period of time and finally we met the perfect
partner that
matches our vision and with which we can build a stronger presence
globally.”
About BtoBet
BtoBet, operating worldwide, has 20 years of
experience in software development
and is a visionary in the iGaming and sports
betting industry with a deep
understanding of the requirements of the market,
anticipating bookmakers’ and
operators’ needs. BtoBet is a true partner in
technology, offering a standalone
iGaming and sportsbook platform and services.
BtoBet allows clients to be unique
in the market, by giving them the
opportunity to completely personalise their
offers for sports betting and
iGaming business, online mobile and retail. Read
more at
Btobet.com (https://www.btobet.com/en/).
PRESENTATION AT ASPIRE GLOBAL’S
CAPITAL MARKETS DAY
BtoBet and its sportsbook will be further presented at
Aspire Global’s virtual
Capital Markets Day on Friday 18 September 2020. The
event starts at 10.00am
CEST and the presentation of BtoBet takes place at the
end of the event. You
participate via
https://financialhearings.com/event/13002. At the end of the
event there is a
Q&A session.
For more information, please contact:
Tsachi Maimon, CEO, tel:
+346-36452458 or email: investors@aspireglobal.com
Motti Gil, CFO, tel:
+356-9924 0646 or email: investors@aspireglobal.com
This is information that
Aspire Global is obliged to make public pursuant to the
EU Market Abuse
Regulation (MAR). The information was submitted for publication
by the contact
person above at 3.45pm CEST on 17 September 2020.
This document is the English
original. In the event of any discrepancy between
the original English document
and the Swedish translation, the English original
shall prevail.
About Aspire
Global
Aspire Global is a B2B-provider for iGaming, offering companies
everything they
need to operate a successful iGaming brand for casino, sports
and bingo. The B2B
-offering comprises a robust technical platform and games.
The platform is
offered solely or combined with a range of services. The games
include supply of
proprietary titles and a hub for third-party games. In
addition to the B2B
-offering, Aspire Global operates several B2C-brands,
including Karamba, the
best showcase for the strength of the B2B-offering. The
Group operates in
several regulated markets including Denmark, Gibraltar,
Ireland, Malta,
Portugal, Romania, Sweden, the UK and the US. Offices are
located in Malta,
Israel, Bulgaria, Kiev, India and Gibraltar. Aspire Global is
listed on Nasdaq
First North Premier Growth Market under ASPIRE. Certified
Advisor: FNCA Sweden
AB, info@fnca.se, +46-8-528 00 399. Please visit
www.aspireglobal.com