iGaming Industry
Aspire Global: continued growth during the second quarter
Aspire Global has reported widespread year-on-year growth across a number of key financial metrics during the six months to June 30.
Revenue came in at €33.4m ($40m), up 9% from the €30.6m posted in the first half of last year, with B2B revenue climbing 12% to €16.7m.
Earnings before interest and tax increased from €5.2m to €5.7m, while earnings before interest, tax, depreciation and amortisation jumped 11% from €5.6m to €6.3m, with a margin of 19%.
Elsewhere, earnings after tax totaled €5.4m, slightly lower than the €5.6m that was posted last year, while earnings per share after tax dropped from €0.13 to €0.12.
Letter from the CEO
“Aspire Global had continued growth during the second quarter; adding 60.3 thousand new users (FTDs) and two new partners as well as completing a comprehensive overhaul of our proprietary brand Karamba.com. In addition, five new brands were launched and four additional casino brands were migrated to our own platform. Revenues for the second quarter increased by 14% to EUR 17.3 million (15.2), primarily driven by the B2B-segment which delivered impressive growth and strengthened Company EBITDA by 29% to EUR 3.6 million (2.8).
A new chapter
Aspire Global’s story began over a decade ago; as a B2C gaming brand. Today, we offer a unique B2B solution; operating with six licenses and more than 60 iGaming brands, with 140 dedicated employees in Malta and Israel. We are appreciated for our result focused approach; most recently demonstrated during the intense IPO-process where we put vigorous efforts in to presenting Aspire Global to potential investors in the Swedish capital market. The response was overwhelming and I believe the excessive interest for subscribing to our shares confirms a high level of confidence in our strategy, unique offering and strong potential. We will do are foremost to meet the great expectations, starting with the second quarter performance.
Continued strong growth
Both business segments had continued growth in deposits and revenues, especially the B2B-segment where previous year’s deals contributed significantly to growth and increase in profitability for the Group as a whole. We launched five new brands and migrated four additional casino brands from two competing platforms to our own platform. These brands now operate at full capacity, demonstrating the strength of our platform, which is promising for similar events going forward. We also completed the initial integration of Minotauro Media; our first acquisition in which we obtained a stake of 30%. By acquiring operators and migrating their brands to our own platform, we wish to increase revenue, scale benefits and cash flows which could finance the remaining stake in partially acquired targets. We continue the integration of Minotauro Media, while staying open to similar attractive opportunities in line with our strategy.
Going forward
Since 2014 Aspire Global has focused on strengthening its position within the industry by developing and improving its B2B offering as well as growing the proprietary brands. Aspire Global has during this time managed to generate strong growth with very limited marketing expenditure towards new partners; achieving a compound annual growth rate in deposits of 30% and Net Gaming Revenue (NGR) of 22% since 2013. The company is now in a position to leverage on the strong platform and position established during the last few years to accelerate Aspire Global’s growth; organically and through M&A. We are pleased to welcome so many new shareholders on this journey.”
Tsachi Maimon, CEO Aspire Global…
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Source: EEGaming.
Supremeland Gaming, the emerging brand in American iGaming, announced the approval of an interim Supplier License in West Virginia, further solidifying its position as a key player in the rapidly expanding iGaming industry. This milestone marks the company’s third approval following the successful acquisition of the first approvals in Pennsylvania and New Jersey.
Supremeland Gaming is approved to operate under this interim license and is now authorized to offer its cutting-edge innovation to the Mountain State.
Supremeland’s game portfolio has garnered international appeal since its debut in November 2023. The innovative brand promises cutting-edge slot play, combining immersive storytelling, state-of-the-art graphics, and impressive bonuses.
Rickard Öhrn, CEO of Supremeland Gaming, said: “The acquisition of our interim Supplier License in West Virginia is a pivotal step in our journey, reflecting on our dedication to delivering innovative experiences to a broader audience. As we expand our footprint, our commitment to excellence remains unwavering, and we look forward to contributing to the vibrant gaming landscape in the Mountain State.”
Supremeland is gaining traction for its emerging portfolio of top-notch games, including Red Panda Rising and the international debut title, Munition Mine, underscoring its commitment to pushing the boundaries of innovation in the iGaming industry.
Pragmatic Play, a leading content supplier to the iGaming industry, is continuing its momentum in the Latin American market, after signing an agreement to take its three biggest products live with Betsala.
The agreement will see Pragmatic Play’s full portfolio of award-winning Slot content go live, including recently released Slot titles Loki’s Riches and The Big Dawgs in addition to familiar player-favourites such as Sugar Rush and Gates of Olympus.
Betsala customers will soon gain access to Pragmatic Play’s Live Casino products upon integration being completed. The sector has been a focus for the provider over the previous 12 months with releases such as the dynamic Treasure Island game show which complements Pragmatic Play’s comprehensive range of casino classics such as Roulette, Mega Roulette, and Blackjack which are also available on the platform.
Completing the product offering is Pragmatic Play’s cutting-edge 3D renderings of popular sports such as horse and greyhound racing, football, and motorsports.
The latest LatAm development for Pragmatic Play sees it further boost its profile across the region where it has cemented its status as a leading supplier of casino experiences.
Victor Arias, Vice President of Latin American Operations at ARRISE powering Pragmatic Play, said: “Proving LatAm is still a key source of growth, Pragmatic Play is delighted to now count Betsala as another valued partner in the region.
“Pragmatic Play’s three leading products will soon be on the platform, and we look forward to even more players discovering its robust and engaging offering.”
Albert Bellavista, CEO at Betsala, said: “Pragmatic Play has built a stellar reputation across Latin America for its high-quality experiences, and we welcome them as our latest partner to bolster our offering and provide more thrills than ever.
“Most iGaming enthusiasts worldwide are already familiar with Pragmatic Play’s titles and we know the upcoming addition of its content will come with a great response from our players.”
Pragmatic Play, a leading content supplier to the iGaming industry, is set to make another appearance at a Latin American summit, at SAGSE LATAM in Buenos Aires.
Taking place across two days from March 20th-21st, the event sees iGaming professionals gather at Buenos Aires’ Hilton Hotel for the 32nd edition of the iconic exhibition.
SAGSE LATAM marks the second summit attended by Pragmatic Play in Latin America in 2024, with its new immersive proposal Pragmatic Play Experience, after an extremely successful exhibition tour in 2023, which saw the provider make inroads across the continent and impress industry representatives.
The gaming provider will be at Stand 120 to showcase its diverse portfolio, including Slots, Live Casino, Virtual Sports and Bingo content, alongside its brand-new Sportsbook solution.
In addition, Pragmatic Play will be a platinum sponsor of the event, highlighting the importance of such industry exhibitions and the vital role the leading provider plays in them.
Victor Arias, VP of Latin American Operations at ARRISE powering Pragmatic Play, said: “Pragmatic Play is proud to be a platinum sponsor of SAGSE LATAM and to be influential in shaping the future of the Latin American iGaming market. With a comprehensive multi-product offerings and solutions, it is poised to capitalise on the immense opportunities that the region presents.
“With an exciting range of panel discussions and interactivities that the conference brings, it is set to be yet another momentous date in the LATAM gaming calendar.”
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