Esports Technologies finaliza la adquisici��n del negocio B2C de Aspire Global con 1,86 mil millones de d��lares anuales en apuestas y 183 millones en dep��sitos en efectivo

Revenue has increased by 43% in the last 12 months with 1.25 million customers

(Nasdaq: EBET), one of the world’s leading providers of advanced and award-winning sports betting products and technologies, today announced the acquisition of Aspire Global’s (STO: ASPIRE) B2C business for $75.9 million.

Under the terms of the agreement, Esports Technologies has closed the acquisition of Aspire’s portfolio of online 바카라 and sportsbook private labels, including Karamba, Hopa, Griffon Casino, BetTarget, Dansk777 and GenerationVIP. In addition, Esports Technologies gains access to gaming licenses in regulated Tier 1 markets, such as the United Kingdom, Germany, Ireland, Malta, and Denmark.

Strategically, Esports Technologies plans to leverage the increased market access of multi-brand acquisition to cross-sell esports betting opportunities to increase its esports revenue, player betting transactions, and customer base.

During the 12-month period ending September 2021, Aspire Global’s B2C revenue was $78.3 million and its EBITDA was $7.9 million, an increase of 43% and 30% over the same period last year, respectively. During the same period, the B2C business recorded bets worth $1.86 billion and $183 million in cash deposits from 1.25 million customers.

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

Aaron Speach, CEO of Esports Technologies, said: “The acquisition of Aspire Global’s portfolio of innovative B2C brands, access to new markets and its 1.25 million deposited customers is a strategic leap on our path to becoming a global leader in sports betting. We look forward to our partnership with Aspire continuing to grow.”

Tsachi Maimon, CEO of Aspire Global, said: “Esports Technologies has quickly established itself as one of the leading innovators in esports betting. The acquisition of the world-class B2C portfolio we have built will further expand its reach in this growing global market.”

A conference call has been set for Wednesday, December 1 at 4:30 p.m. EST, where details of the closed acquisition will be discussed. A link to the call will be available on Esports Technologies’ investor relations page in https://esportstechnologies.com/investor-overview.

About Esports Technologies

Esports Technologies develops innovative and engaging betting products for esports fans and players around the world. Esports Technologies is one of the world’s leading providers of esports marketing products, platforms, and solutions. The company operates a licensed online betting platform, gogawi.com, which offers real-money betting on esports and professional sports events around the world in a safe and secure environment. The company is developing predictive esports gaming technologies that enable distribution to both customers and business partners.

For more information, please visit: https://esportstechnologies.com.

Note: Aspire Global’s B2C betting, deposits, and net gaming revenue figures are based on an exchange rate of US$1.19 per euro. Net gaming revenue includes EU VAT and is net of distribution charges, gambling taxes, and administrative expenses.

Forward-Looking Statements: This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, the statements of which involve risks and uncertainties. These statements refer to future events, future expectations, plans and prospects. You can identify forward-looking statements by those that are not historical in nature, in particular those that use terminology such as “may,” “should,” “expect,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projects,” “predicts,” “potential” or “expects” or the negative of these or similar terms. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date they are made, actual results may be materially different from the expectations expressed or implied by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including those discussed in the Company’s filings with the Securities and Exchange Commission, including as set forth in the “Risk Factors” section of the Company’s final prospectus, which was filed with the Securities and Exchange Commission on April 16, 2021, as updated by the Company’s subsequent Quarterly Reports on Form 10-Q. The Company undertakes no obligation to make public revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.

SiGMA Calendar 2022

In 2022, the SiGMA Group will be moving to a number of exciting locations, the first of which will be Kenya, with Nairobi on the agenda for March. Here we plan to tap into a market full of sports fans and a young, digitally connected generation. We have also planned exhibitions for countries that are taking their first steps as regulated markets: in June we will go to Toronto and Ukraine, in what will be the first live events for the new SiGMA Americas and SiGMA CEI brands. Both countries are set to test the waters with operators and affiliates next year, making them a great location for the SiGMA Group conference stage and exhibition floor plan.