Aspire Global, the igaming solutions specialist, has published a robust set of Q4 and full-year financial results for 2020, highlighting strong potential for the US and LatAm markets and opportunities for continued profitable growth.
Q4 Revenues increased by 37.6% to $53.9m ($39.1m), while EBITDA increased by 89.9% to $10.1m ($5.3m). The report also showed Q4 earnings after tax had grown to $5.1m (-$14.1m). For the full year, revenues were ahead by 23.2% $196.5m ($159.5m), with EBITDA up 24.8% to $32.9m ($26.3m).
CEO Tsachi Maimon told investors: “We have succeeded in establishing Aspire Global as a powerhouse for igaming operators and see great opportunities for continued profitable growth. Our recent wins with tier 1 operators, our broad geographic footprint in four continents and outstanding offering provide us with a solid base for further expansion.
“In 2021, our top priorities are to roll out our sports offering in Europe, Africa and Latin America, and to certify the sports platform for future US deals. This will enable us to continue to grow our customer base with tier 1 operators and to build a strong market presence in the US.”
He added: “It’s promising to see the strong development for our games and sports offerings. Our subsidiaries for games and sports – Pariplay and BtoBet – both reported all time high revenues in the quarter. The B2C segment also reported a strong quarter with record high revenues, up 29.0% from Q4 2019.
Turning to the potential for sports, he said: “The acquisition of the leading B2B sportsbook provider BtoBet in September has already turned out to be a strategic strength to us. Prior to the acquisition, sports represented a minor part of Aspire Global’s revenues. With our new proprietary sportsbook we see fantastic growth opportunities in European markets such as Germany and the UK along with the US and Latin America.
“During the quarter BtoBet has shown great success in signing tier 1 operators such as Betfair in Colombia and William Hill, also in Colombia. These partnerships in Latin America significantly strengthen our position in this big continent.”
Maimon also cited the US market as offering important growth potential for Aspire Global, saying: “Pariplay – our leading game studio and games aggregator – recently announced its partnership for games with Rush Street Interactive (RSI), a market leader in online casino and sports betting in the US.
“RSI has already launched a selection of Pariplay’s high-quality online casino games in New Jersey which is a breakthrough for us into the regulated US market. In January, Pariplay received an interim igaming supplier license for West Virginia, which marks another significant progress in the US.
“We have high expectations for the US market and are building an organization in the US to support Aspire Global’s expansion in this big market. As a first step, we are recruiting a managing director and a sales director for Aspire US.
“Aspire Global has also filed applications in Pennsylvania and Michigan with the objective to file in all accessible states. It’s an important advantage when we now address US operators that our complete igaming offering includes the new sports platform.”
