Esports Technologies Closes Acquisition Of Aspire B2C Assets For $75.9M

Two months after it was first agreed upon, Esports Technologies has completed its acquisition of Aspire Global for $75.9 million. Under the deal Esports Technologies will own all of Aspire’s B2C online content portfolio and sportsbook brands. Aspire will continue to run back-end operations for the acquired brands, which include Karamba, Hopa, and BetTarget.

“Acquiring Aspire Global’s portfolio of innovative B2C brands, access to new markets, and its 1.25 million depositing customers is a strategic leap in our journey to become a world leader in esports wagering,” said Aaron Speach, CEO of Esports Technologies. “We look forward to our partnership with Aspire as we continue to scale.”

Also through the deal, Esports Technologies will enter into tier one regulated markets including Great Britain, Germany, and Denmark as the deal gives it access to Aspire’s licenses in those countries.

Aspire reported B2C revenue of $78.3 million in the full year ended September 30th, a rise of 43.0% year-on-year. Also in this period, Aspire’s B2C business reported wagering stakes of $1.86 billion. In July, Aspire appointed Quincy Raven as managing director to lead its US expansion.

(All information was provided by iGaming Business)

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