Aspire Global has revenue growth for Q1 2022
As stated by chief executive officer Tshashi Maimon, Aspire Global is going to merge with NeoGames for 410 million euros; they had a good performance for Q1 2022.
Aspire Global has a 31.7% growth in income, 18.7% in Earnings Before Interest, Taxes, Depreciation, and Amortization, and 17.8% a little decrease in Earnings Before Interest, Taxes, Depreciation, and Amortization margin.
However, earnings before interest and taxes amounted 5.6 million euros with 13.6%, earnings after tax 4.8 million euros up by 4.7%. Earnings per share stayed the same.
Aspire, as a B2B business, has significantly developed across North America and Europe, especially in the Netherland’s for partnering with BtoBet and being fully licensed, BtoBet is spreading in Denmark and they made deals with ITSP and WIN Group in Germany.
While in North America Pariplay is linking with Golden Nugget and Alberta Gaming. They also gained GLI-19 certification in Canada and USA, and got licensed in Ontario and Michigan.
“We still have a strong business and results of the quarter show our good offers and our hardworking team. This quarter we had new records.“
commented T. Maimon.
Mamion said that Pariplay’s strong position in North America helped with 39% of the profit.
He also said that he is proud of having new operator partners, new certifications and the development they had in Europe and North America. He also referred to NeoGames saying that the board cannot wait to be part of them because of the new opportunities that will be given to them. In his words this shows the values that were created by the company since 2017.
NeoGames offered 4.3 billion SEK, leading to a 270% increase in the value of share price. The offer was accepted by aspire.
Later he added that as Aspire is a main gaming supplier in the business, this union with NeoGames is a reasonable action for them and they will benefit from it.
“The main advantage of Aspire Global is its lifelong dedication to its partners. Our plan is to always help our partners achieve success․ As a result of our strong partnerships with leading operators, we will keep on building long-term value.”
stated T. Mamion.