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.
eCOGRA, a leading international authority in Testing, Inspection and Certification services for the iGaming industry, has secured new regulatory approvals across three key jurisdictions: Arizona, Indiana and Panama. With these developments, eCOGRA strengthens its position in the U.S. and Latin American markets, offering excellence in compliance through their Quality, Speed, and Service promise.
This strategic expansion allows eCOGRA to conduct independent compliance audits and certification services in each region, addressing the growing demand for rigorous regulatory oversight in the fast-evolving global iGaming industry.
Securing approval in Arizona, where eCOGRA has now been licensed as an Event Wagering Ancillary Supplier, enables the International Testing Laboratory (ITL) to audit event wagering licensees in line with Arizona’s expanding regulatory landscape. Indiana, which introduced online sports betting in September 2019, has authorised eCOGRA to perform regulatory compliance audits, providing licensed operators with crucial assurance in meeting the state’s high standards.
In Panama, the Board of Gaming Control officially recognised eCOGRA as an Authorised Entity for Compliance Certification, specifically for slot machines and gaming software. This endorsement reinforces eCOGRA’s role as a trusted partner for operators seeking to meet stringent regulatory requirements in Latin America’s emerging iGaming sector.
“Our recent approvals in Indiana, Arizona, and Panama underline our dedication to continually expand our offering, to support our growing portfolio of clients with their global growth plans. We are committed to ensuring that we bring the same quality, speed and service that marks us out to both our clients and regulators in these dynamic markets,” said Will Shuckburgh, Group CEO of eCOGRA.
Bradley Khoury, Chief Technology Officer at eCOGRA, said: “Securing licensure as an Event Wagering Ancillary Supplier in Arizona and an Authorised Entity in Panama underscores our dedication to supporting responsible and sustainable iGaming operations. We are committed to driving trust and accountability within the industry by providing compliance solutions that uphold the highest standards.”
BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.
As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.
Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.
BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.
Amusnet has announced its participation in the 23rd edition of G2E Las Vegas (Global Gaming Expo) at The Venetian Expo from October 7-10. As one of the largest expos globally, G2E provides a platform for the company to showcase products across its Online Casino, Live Casino, and Land-based verticals, positioning Amusnet as a prominent all-casino provider in the competitive iGaming industry.
“We are excited to attend G2E Las Vegas 2024 to present our latest online casino portfolio and Type S slot cabinets: our first-ever product series for Land-based casinos, designed to offer a competitive edge by combining Amusnet’s top-notch game portfolio with an immersive player experience. Our focus is on delivering solutions that maximize performance and cater to the evolving needs for both online and land-based casinos,” said Borislav Marinov, Head of Business Development, Land-based, at Amusnet.
Alongside its technical excellence, the premium Type S series showcases the company’s award-winning titles, including 20 Golden Coins, Extra Crown, Fruits & Gold, and Cocktail Rush. It also features Amusnet’s popular four-level bonus game, Jackpot Cards, along with other exciting features like Free Spins, Buy Bonus, Pick Me Bonus, and Symbol Upgrade.
Amusnet will host an activation featuring its premium slot cabinets at the upcoming expo, offering attendees the opportunity to experience the thrill of Type S in real time and win exciting gifts.
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