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Aspire Global Makes Significant Financial Strides

Companies / Gambling Nov 16, 2018 - 11:31 AM GMT

By: Submissions

Companies In late November of 2017, Aspire Global took a big leap of faith as the company agreed to join in a joint venture to Launch Mr. Play, a new fully regulated online casino and sports betting brand. With the launch of this new brand, Aspire Global has expanded the reach of its cutting-edge software platform that includes a casino module, sports betting module, back office tracking system, marketing system, customer service module and a fully integrated banking module with access to as many as 30 of Europe most popular banking option.


About Aspire Global

Aspire Global was founded in 2005 by a group of innovative entrepreneurs. The company’s charter targets the development and distribution of a cutting-edge iGaming solution for online casino operators and White Label providers. To date, the company has successfully penetrated the European market where the company’s software platform covers approximately 90% of company’s revenue base. The company currently operates under licensing provided by the UK Gambling Commission, Malta Gaming Authority and other jurisdictional group throughout Europe. The Company’s stock is traded on under First North Premier in Stockholm, Swedenunder the symbol SEK.

2017 Financial Results

For the fiscal year ended in 2017 it’s first as a public entity), Aspire Global reported revenues rose 18% to €71.9 million (61.0) and EBITDA that rose 25% to €14.3 million (11.4). Both of these numbers represented record growth. Based on these results, CEO Tsachi Maimon stated,

“If we entered the previous year with an ambitious agenda, it is nothing compared to expectations for the coming year. We will monitor Sportsbook’s performance during the World Cup, prepare the application for a Swedish license and assess potential acquisitions closer. At the same time, day-to-day operations continue, and we are preparing new B2B launches while giving Karamba additional attention.” He further added, “Aspire Global has a unique position in the iGaming market as the first provider of a full turnkey solution for operators of sportsbooks and casinos, let alone one with operations in six regulated markets. We are looking forward to realizing the grand agenda for the coming year, aiming at continued strong growth on a yearly basis.”

For more information, please check out www.karamba.com

Update for 2018

For the six months ended June 30, 2018, Revenues increased by 29% to €43.1 million (33.4) and B2B Revenues increased by 32% to €22.1 million (16.7), resulting in EBITDA increasing by 35% to €8.5 million (6.3) as compared to the same six-month period in 2017. After going public with an IPO in 2017, these numbers represent great promise.

In regard to the second quarter results, CEO Tsachi Maimon offers the following insight. “I am pleased to present the second quarter. Both revenues and EBITDA hit record levels, reflecting the strong performance of several partner brands including Karamba, combined with a great interest in our sports offering that was launched in the first quarter.”

About Karamba Casino

Online Casino Karamba stands as Aspire Global’s flag ship online casino site. This is an updated site built around Aspire’s cutting-edge software platform with games integrated from some of the world’s top online casino gaming providers. The list of these providers includes NetEnt and Microgaming as well as NeoGames, Amaya and NextGen Gaming. Through this integration, customers have access to hundreds of top video slots as well as dozens of table games, video poker games, live casino games and a robust sports book. The sports book offers wagering on the Premiere Soccer League as well as a full menu of other college and professional sports from all over the world.

The website is available through standard web browsers or mobile devices that are compatible with the iOS and Android operating systems. The Karamba Casino website’s motif is quite stylish with pastel colors and a cool looking parrot mascot.  The website is highly functional and very easy to navigate, which is very important for a gambling website that features multiple gaming choices. Karama Casino offers competitive bonus promotions as well as a competitive VIP program.

Since the site was first introduced in 2005, it has maintained a great reputation for providing the latest gaming options, fast withdrawals and a very responsive customer service function.

By Ritam Dalui

This is a Paid Advertorial.

© 2018 Ritam Dalui - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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