EBET Inc has initiated a corporate restructuring plan to improve the long and short-term profitability of its business. In a statement announced ahead of its Q3 earnings call, the Global Nasdaq listed operator disclosed that it had undertaken “a series of measures to enhance the profitability of its newly acquired igaming assets as well as its existing esports products”. Headline …
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Esports betting operator EBET has reported a quarter-on-quarter revenue increase of 166%, shortly after rebranding from its former identity as Esports Technologies. As of 31 March 2022, EBET’s Q1 revenue stood at $19 million, with a gross profit of around $7 million and a cash position of $7.1 million – figures the firm attributed to acquisitions in the European sports …
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Aspire Global has obtained the required final certifications for its market entry into the Netherlands from the Kansspelautoriteit (KSA), the Dutch Gambling Authority. Under the terms of the licences, Aspire Global has secured permission to provide its B2B sports betting, casino and platform (PAM) services to operators in the expanding Dutch online gambling market. The company had already established a …
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Esports Technologies has filed a patent for a ‘”Financial Instrument Performance-Based Pari-Mutuel Betting System and Method’ to offer a pool betting market for its customers. Developed by the esports betting operator with the aim of strengthening player engagement and delivering a faster betting service to its customers, the new system uses an ‘electronic betting experience’ using a group of financial …
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Betsson Group, bet365, Evolution, Betradar and GoldenRace were among the 34 companies to celebrate victories at last night’s SBC Awards 2021 ceremony at Evolution London. Hosted by Kirsty Gallacher and World Cup winner Marcel Desailly, the eighth edition of the SBC awards brought together an audience of betting and gaming industry professionals to recognise the achievements of the top-performing operators, …
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Following on from its acquisition of Aspire Global’s B2C assets, Esports Technologies has confirmed that it has gained a UK gambling licence under the terms of an operator services agreement. Esports Technologies, which is listed on the US Nasdaq as EBET, took over Aspire’s B2C operations for $76 million (€68m), including UK-focused online sports betting and casino brands Karamba, Hopa, …
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Esports Technologies Inc has continued its strategic expansion by announcing the opening of a ‘state-of-the-art’ office in Malta, supporting the Nasdaq group’s European growth plans. The Malta office will house the majority of Esports Technologies’ staff that directly support its European igaming operations and work closely with the Esports Technologies technology hub located in Dublin. The firm’s new Malta office …
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Esports Technologies Inc has entered a definitive agreement to acquire the B2C business of Aspire Global for an agreed valuation of $75.9 million. The US Nasdaq technology group will undertake its biggest M&A to date, agreeing to pay $58.3 cash for Aspire’s B2C portfolio, with the remainder of the transaction paid by a $11.7 million promissory note and $6 million …
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Aspire Global, the online casino and white label solutions provider, has announced its expansion plans across the firms global network, which has seen it enter into an agreement with SBTech. The online and retail sports betting and gaming solutions provider is to launch its sportsbook with the brand, in a move designed to expand Aspire’s range of iGaming products. Initially …
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