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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. The data additionally exposed a comparative 25% plunge for aggregated eSports takings to approximately ￡2.2 million (....

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9 million) and ￡81.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.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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”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.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....

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Aspire, which has a significant presence in Europe and in November 2019 entered the regulated US market via Pariplay to supply content to 888casino in New Jersey, now takes a prime position in the two burgeoning markets. 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.Relative recovery:Although the periods may not be directly comparable, the Gambling Commission likewise pronounced that gross July gaming revenues for the United Kingdom’s collection of land-based betting shops thought to have grown by about 37% year-on-year to ￡62....

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1 million (3. 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.”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....