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Leading iGaming and sportsbook platform provider BtoBet will join forces with Aspire Global, after agreeing a deal comprising a cash consideration of €20m, €15 million of which is to be paid at closing and €5 million payable 12 months after closing.9 million (.4 million)....


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Acquisition of the sportsbook aligns with the Stockholm-listed iGaming solutions provider’s growth strategy and is expected to close during Q4 2020 and have a “material positive effect” on its EBITDA as of 2021.”New growth market access:Chief Executive Officer for Aspire Global, Tsachi Maimon, commented on the significance of the acquisition in a company press release, stating…“Aspire Global now enters the sports betting arena with storm strength.8 million (0....


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An additional performance-based consideration is payable two years from the close date and is seven times BtoBet’s EBIT in the second year from closing, less the €20 million purchase price.2 million (.Prominent pitfalls:Furthermore, the Gambling Commission figures showed that the gross July figure for online poker had experienced a 23% month-on-month tumble to roughly £9 million (....


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6 million (5.Consequential curve:The information from the Gambling Commission moreover revealed that accumulated July revenues from online sportsbetting dropped by 4% month-on-month to about £209.6 million (....


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Perfect partner:Also commenting on the acquisition, BtoBet founder and shareholder, Alessandro Fried, said…“I am truly enthusiastic by the opportunities we 7bit cas ino codes yftysee by becoming part of Aspire Global, the powerhouse for iGaming operators.5 million) respectively.Leading iGaming and sportsbook platform provider BtoBet will join forces with Aspire Global, after agreeing a deal comprising a cash consideration of €20m, €15 million of which is to be paid at closing and €5 million payable 12 months after closing....