Industry News
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Aspire Global has signed an agreement to sell its B2C segment to Esports Technologies Inc. The divestment is following Aspire Global’s review of the B2C segment that was announced in March this year. The consideration sums up to about €65 million. The transaction also includes a four-year platform and managed services agreement with an estimated gross value of €70 million.
The consideration consists of €50 million in cash, €10 million in a promissory note and €5 million in common stock in the listed entity of Esports Technologies. The platform and managed services agreement consists of royalties related to the use of Aspire Global’s platform and related services during the coming four years. The estimated value of the royalties is based on the present performance and might change in the coming years. The total value of the transaction is estimated to be €135 million.
Aspire Global’s B2C segment consists of several B2C-brands, including the successful Karamba brand. In Q2 2021, the B2C segment reported rolling twelve months net gaming revenues of €61.8 million and €6.9 million in EBITDA. The B2C segment has shown significant growth across all main B2C brands in the twelve month period, driven by among all continuous optimisations in all marketing channels. The review of the B2C segment was initiated in March 2021 to assist Aspire Global in assessing its options to improve overall margins and EBITDA as well as further accelerating new B2B initiatives and enter fresh markets.
Tsachi Maimon, CEO of Aspire Global, said: “Esports Technologies is a strong company with high growth ambitions and is a perfect match for our B2C-brands. With Aspire Global’s B2C-brands, Esports Technologies gains leading, well established brands, an excellent base for further growth and a very talented team that contributed to the B2C’s growth. We are confident that Esports Technologies will take our B2C-brands to the next level and we welcome Karamba and the other B2C-brands as our new partners.”
Aaron Speach, CEO of Esports Technologies, said: “We have high growth ambitions and aim to be one of the biggest esports operators in the world. Aspire Global’s B2C-brands are excellent complements to our strong-growing Esports Technologies brand and will be key in the continued execution of our growth strategy.”
The closing of the acquisition is subject to Esports Technologies receipt of financing, as well as other closing requirements. The transaction is expected to close by November 30, 2021.
EveryMatrix Press Releases
Published
30 mins ago
on
October 4, 2021
Reading Time: 2 minutes
B2B iGaming provider EveryMatrix has appointed Ashley Bloor as Business Owner for its RGS Matrix solution, the ‘out-of-the-box’ remote gaming server. Ashley Bloor’s main task is to strengthen the division’s market position and actively contribute its commercial success.
Bringing over a decade of experience working for companies such as William Hill, Gala Coral Group, and Gaming Innovation Group, where she last occupied the role of Head of Gaming Solutions, Ashley Bloor is a well-rounded iGaming professional with extensive expertise in the casino space.
Based in Marbella, Spain, Ashley Bloor has started on the 1st of October and will work closely with both EveryMatrix and Spearhead Studios teams. Her key responsibilities include leading the product development through its entire lifecycle, growing revenues, managing personnel within the division, and carrying out strategies in line with EveryMatrix’s long-term objectives.
RGS Matrix allows 1st and 3rd party teams to develop games and provides all the necessary means to distribute, manage, and report upon the proprietary product portfolio. Licensed in over 12 markets across Europe and Latin America, with the U.S. coming soon, the solution powers a mix of video slots, table games, and instant wins from several up-and-coming gaming developers, including EveryMatrix’s own Spearhead Studios and Armadillo Studios.
Mathias Larsson, Managing Director of Spearhead Studios and RGS Matrix, says: “It’s a pleasure to bring Ashley Bloor onboard. Since the launch in 2019, RGS Matrix has grown to become pivotal in our strategy, and we’re ready to step up our game even more. This is why we are keen on bringing highly skilled people such as Ashley in our team. Her extensive experience will push RGS Matrix forward and I can’t wait to work together with such a talented professional.”
Ashley Bloor, Business Owner of RGS Matrix, comments: “I am very excited to have the opportunity of working with EveryMatrix. The company has a thick and sturdy product portfolio, and I am looking forward to shaping and developing the RGS platform offering by working alongside our gaming partners, including the Spearhead Studios team.”
eSports
Published
40 mins ago
on
October 4, 2021
Reading Time: < 1 minute
WHO: Jarno Opmeer (Mercedes), Alvaro Carreton (Williams), Sebastian Job (AlphaTauri), Cedric Thome (Haas)
WHAT: F1 Esports Series Pro Championship Presented by Aramco Media Conference Call (via Zoom)
WHEN: Monday 11th October – 3-4pm BST
The 2021 F1 Esports Series Pro Championship presented by Aramco returns on the 13th and 14th October, with the best sim-racers in the world set to battle it out to earn a share of the huge $750,000 prize pot. The season starts with Event 1 which will see racing in Bahrain and China to kick off the first two rounds. To tip off the new season, we are hosting a virtual press conference with four drivers who will be taking part, including: reigning champion Jarno Opmeer, Alvaro Carreton, Sebastian Job and Cedric Thome.
Mercedes’ Jarno Opmeer made the switch from Alfa Romeo following his championship win last year which is one of 17 roster changes from the 2020 season. Alvaro Carreton placed ninth in the Pro Championship standings last season and will be looking to improve upon that result this year.
British driver Sebastian Job will be making his debut in the F1 Esports Series Pro Championship. He qualified via the DHL Time-Trial qualification route and will be suiting up for AlphaTauri this season. Cedric Thome, from Germany, will be returning to his seat with Haas this year and will be aiming to get off to a flying start in Event 1.
Conference call schedule:
Sebastian Job: 15:00 – 15:15
Cedric Thome: 15:15 – 15:30
Alvaro Carreton: 15:30 – 15:45
Jarno Opmeer: 15:45 – 16:00
