Columbia Pacific Advisors’ business finance system, CPBF, provided a $30 million senior got term loan to Esports Technologies Inc., which the latter will utilize returns of to secure the business-to-customer assets and certain connected operations of Aspire Global, a main online casino and sportsbook organization, in a $75.9 million exchange.
“We are pleased to welcome Aspire’s portfolio of business-to-consumer online casino and sportsbook brands to Esports Technologies,” said Aaron Speach, CEO of Esports Technologies. “EBET is on the leading edge of bringing the spreads, market depth, and speed to esports wagering that bettors have come to expect from online wagering on traditional sports. We look forward to introducing these capabilities to esports fans in several of the world’s largest regulated markets through this acquisition.”
Esports Technologies has developed industry-leading technology and award-winning products to provide esports fans with the wagering performance they have grown to expect from traditional sports and additional betting opportunities that are unique to esports.
The acquired brands include Karamba, Hopa, Griffon Casino, BetTarget, and Dansk777. With the acquisition, Esports Technologies gains access to gaming licensing in Tier 1 regulated markets including the United Kingdom, Germany, Ireland, Malta, and Denmark.
(All information was provided by Bollyinside)
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