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Aspire Global: Interim Report Third Quarter 2021

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Aspire Global: Interim Report Third Quarter 2021
Reading Time: 5 minutes

 

REVENUE INCREASED 46% AND EBITDA 38% IN Q3 2021

THIRD QUARTER

  • Revenues increased by 46.0% to €58.6 million (40.1).
  • EBITDA increased by 38.0 % to €9.1 million (6.6).
  • The EBITDA margin amounted to 15.5% (16.4%).
  • EBIT increased by 38.7% to €6.8 million (4.9).
  • Earnings after tax increased 68.1% to €6.4 million (3.8).
  • Earnings per share increased 62.5% to €0.13 (0.08).

NINE MONTHS

  • Revenues increased by 38.2% to €162.4 million (117.5).
  • EBITDA increased by 46.0% to €27.5 million (18.8).
  • The EBITDA margin increased to 16.9% (16.0%).
  • EBIT increased by 45.7% to €21.1 million (14.5).
  • Earnings after tax increased 79.0% to €19.4 million (10.8).
  • Earnings per share increased 77.2% to €0.39 (0.22).

SIGNIFICANT EVENTS IN THE QUARTER AND AFTER THE END OF THE QUARTER

  • Revenues increased 46.0% from Q3 2020 driven by strong development in all segments.
  • Organic growth of 39.0% from Q3 2020.
  • B2B revenues grew 40.5% from Q3 2020 with organic growth of 31.2%.
  • Strong performance in sub-segments Aggregation and Games – Pariplay and Sports – BtoBet.
  • Agreement to sell the B2C segment to Esports Technologies announced 1 October – closing expected by 30 November 2021 upon completion
    of certain contingent terms. The total value of the transaction 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.
  • Aspire Global signed a platform deal with Esports Technologies in September for its leading brand Gogawi.
  • Pariplay further strengthened its position in the Americas – first contract in Brazil signed and granted full supplier license in West Virginia.
  • Pariplay signed a deal to provide its proprietary games to Holland Casino in the newly regulated Dutch market.
  • First brand live with BtoBet’s sportsbook on Aspire Global’s platform. To date six brands are already live.
  • Two deals covering Aspire Global’s complete offering signed.

CEO COMMENTS

“WE CLEARLY EXECUTE OUR GROWTH STRATEGY TO BECOME A WORLD LEADING IGAMING SUPPLIER”

With the sale of the B2C segment, Aspire Global will become a clearly focused B2B company and even stronger and more profitable. The sale will also give us additional resources to further develop and enhance our B2B offering as well as the opportunity to explore new M&A activities. In Q3 2021, we have made key progress towards our objective of establishing strong positions in the US and Brazil. Our success in these markets will be important steps in reaching our goal to become a world leading B2B iGaming supplier.

The sale of the B2C segment – expected to take place at the end of November 2021 – will have a significant positive impact on Aspire Global’s position as a focused B2B company and profitability. Excluding the B2C segment, revenues increased by 36.1% to €118.9 million and EBITDA increased by 54.1% to €22.7 million in the first nine months 2021 with an EBITDA margin of 19.1%. B2B organic growth in the nine-month period amounted to 27.1%.

We initiated the review of our B2C segment in March this year, and on October 1 we announced the agreement with US-based Esports Technologies to acquire the B2C segment. The consideration sums up to about €65 million, consisting 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 transaction also includes a four-year platform and managed services agreement with an estimated gross value of €70 million, based on present volumes. The transaction is expected to close by November 30, 2021, pending Esports Technologies receipt of financing, and other closing requirements.

A TRANSFORMATIVE, STRATEGIC MOVE

The divestment of the B2C segment is a transformative, strategic move for Aspire Global. First of all, the change in business mix will affect the revenue so that it will consist only of B2B revenues and, at the same time, the share of managed services will increase. The divestment will also provide Aspire Global with additional resources to further develop the technology platform as well as its offering in casino, sports and managed services. The managed services part of our business is essential to us, not only because it is recurring, but also because it will secure our continued deep knowledge about player behaviour. Furthermore, we expect that Aspire Global will have other peers as a focused B2B company and that investors will find it easier to value the company.

Following the divestment, we will also look into M&A possibilities with the aim to control even more of the value chain. Our successful acquisitions of Pariplay in 2019 and BtoBet in 2020 are proof of our ability to identify and integrate companies that complement our offering in the value chain. In the first nine months of 2021, Pariplay has grown by 79.4% to €21.7 million with an EBITDA margin of 27.9%. BtoBet has also demonstrated strong growth of 68.7% to €7.8 million in the nine-month period with an EBITDA margin of 23.1%.

KEY PROGRESS IN THE US AND BRAZIL

The B2C divestment also provides us with increasing opportunities to continue to invest in establishing a considerable position in above all the big and quickly growing Brazilian and US markets. In Q3 2021, we have made key progress in the US and Brazil. Pariplay signed a deal with FansUnite Entertainment, entailing that Aspire Global enters the Brazilian market for the first time. FansUnite is a Canadian sports and entertainment company, and Pariplay will supply its wide portfolio of proprietary and third-party content, via its Fusion™ aggregation platform, to FansUnite’s B2C brands and B2B solutions in Europe and Americas and thereby allows Pariplay to enter Brazil for the first time.

Pariplay also further strengthened its position in Latin America by a deal with the world-famous land-based and online games provider Ainsworth Game Technology. The deal will see Ainsworth partnering exclusively with Pariplay for all new online releases in Latin America, with making its titles available to players through Pariplay’s Fusion™ aggregation platform.

Pariplay reached another milestone in its US expansion strategy during Q3 2021 after being granted a full iGaming Supplier License in West Virginia. Pariplay made its debut in the fast-growing US market when its content went live in New Jersey in February 2021 and Pariplay has applied for licenses in several states.

DEEPER ESPORTS RELATIONSHIPS

We are also proud and happy with the relationship we have established with Esports Technologies. Esports Technologies is a leading global operator and provider of products and marketing solutions in the quickly growing esports market. Beside the B2C deal, we also signed a strategic license agreement with Esports Technologies in Q3 2021. As part of the deal, Esports Technologies will launch its esports/sportsbook Gogawi.com in certain key markets on our platform and intends to launch an additional brand on the platform in the future. In addition, we will make the Esports Technologies proprietary esports feed available to our partners around the world.

Esports Technologies are at a rapid growth phase and aim to become the world’s number one esports company. As part of the B2C agreement, Karamba and our other B2C brands will join our B2B network, and will become one of our biggest B2B partners. I’m sure that the experience and excellence of our B2C team, together with the ambition and investment of Esports Technologies, will take the brands to new heights.

PROFITABLE GROWTH IN REGULATED MARKETS

In the quarter, Germany introduced a new regulation with higher gaming duties. Despite this regulatory change, the EBITDA margin in the B2B segment increased to 18.7% from 18.0% in Q3 2020. This clearly demonstrates Aspire Global’s ability to manage a profitable operation in regulated markets.

In October, the Netherlands opened for online gaming and Pariplay just a few days ago announced a deal to supply its proprietary games to Holland Casino. Holland Casino has a leading presence within the new regulated digital ecosystem in the Netherlands.

OUTLOOK

Aspire Global has consistently demonstrated its ability to execute its growth strategy, reaching its financial targets and create value. We see great growth opportunities by expanding with existing partners, gaining new partners and entering new markets. With the divestment of the B2C segment we will further enhance investments in our technology and product offering as well as geographic presence with focus on Brazil and the US. We will also put even more energy on increasing the M&A pipeline. We clearly execute our growth strategy to become a world leading iGaming supplier.

Tsachi Maimon, CEO.

Gaming

Nintendo DS ranked as the top console gamers most want to see make a modernised comeback

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Nintendo DS ranked as the top console gamers most want to see make a modernised comeback
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  • A new study by Hyperoptic delves into gaming nostalgia, revealing the retro consoles gamers most want to see make a comeback
  • Almost two-thirds (61%) of gamers want the Nintendo DS to return, making it the most sought-after console, followed by the PlayStation 1 (60.6%) and 2 (57.9%)
  • The study also taps into the most in-demand retro games, with the 1991 version of Sonic the Hedgehog taking the top spot (38%)

Over the last year or two we’ve seen new consoles and games launch such as the Nintendo Switch OLED, PS5, and Pokémon Diamond and Pearl. But with search interest for ‘retro gaming’ on the up, it seems many are currently looking for a hit of gaming nostalgia.

Hyperfast broadband provider, Hyperoptic has delved into the world of gaming nostalgia, to uncover the most sought-after consoles and games that players would most like to see make a comeback, or be modernised. Not only that, but the study also unveils just how much money players would spend to get their hands on the consoles.

Based on the percentage of gamers that most want the console to make a comeback or be modernised, the top 10 desired consoles and how much gamers would be willing to pay are:

Console % of gamers that want the console to make a comeback/be modernised The average price gamers are willing to pay
Nintendo DS 61.0% 177.21€
PlayStation 1 60.6% 187.01€
PlayStation 2 57.9% 196.84€
SEGA mega drive 57.0% 172.07€
Nintendo Game Boy 56.8% 165.85€
The Commodore 64 Games System 53.5% 191.28€
Nintendo 64 53.0% 180.85€
Nintendo Game Boy Colour 52.3% 181.70€
Super Nintendo Entertainment System (SNES) 51.8% 188.72€
Nintendo Game Boy Advance SP 51.2%

 

191.05€

Nintendo consoles are leading the way, with six consoles making up the top 10. Taking the top spot is the DS. Released globally between 2004 and 2005, gamers would be willing to spend over 177€ to purchase the handheld console. The PlayStation 1 and 2 make up the top three.

However, considering the consoles that didn’t make the top 10 most desired list, it seems gamers would be willing to spend the most money, overall, on the Xbox One console – 236.45€ to be precise. Over two-fifths (44%) chose this as one of the consoles they’d want to see make a comeback/be modernised, making it the 20th most desired console.

Now we know the most sought-after consoles, looking at the nostalgic games gamers would most love to see make a comeback or be modernised, without further ado, the top 10 gems are:

Game % of gamers that would love to see the game make a comeback/be modernised
Sonic the Hedgehog (1991) 38.0%
Super Mario Kart 64 (1997) 33.4%
Space Invaders (1978) 28.3%
Tetris (1984) 25.8%
Super Mario Bros (1985) 25.3%
Sonic the Hedgehog 2 (1992) 24.3%
Donkey Kong (1981) 21.4%
Crash Bandicoot (1996) 20.3%
Tekken (1990) 13.0%
The Legend of Zelda (1986) 12.8%

1991’s Sonic the Hedgehog claims the top spot, with almost two-fifths (38%) of gamers opting for the game. Other classics on the list include Taito’s 1978 Space Invaders, and Tetris, a game focused on finding the best way to arrange coloured blocks – who would’ve thought this would still be as popular today? Nintendo’s 1981 arcade hit, Donkey Kong, is also another classic game that over one in five (21%) players want to see modernised. We can only dream…

For more information on the top consoles and games, head across to: https://hyperoptic.com/blog/the-most-sought-after-nostalgic-consoles-and-games-revealed/

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eSports

Allied Esports and Cyberathlete Championship Series teams up with Challengermode to host SI2022 Open Qualifiers

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Allied Esports and Cyberathlete Championship Series teams up with Challengermode to host SI2022 Open Qualifiers
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Leading global esports platform Challengermode has teamed up with Allied Esports and Cyberathlete Championship Series to host the European and North American open qualifiers for the 2022 Six Invitational – the last chance for competitors to make it to the Rainbow 6 World Championships in Montreal.

The winner of the open qualifiers for each region will win a spot at the SI2022 finals being held in Montreal, Canada next February. There they will have a chance to compete against the best professional teams in the world for a prize pool of $3million. The Group Stage will take place from February 8th-12th, playoffs from February 14th-20th, with the Grand Final happening on February 20th 2022.

Organised by Allied Esports and the Cyberathlete Championship Series (CCS), the first Qualifier starts 4th December, with tournament sign-up now available for any hopeful teams across Europe or North America. Only one slot is up for grabs from each regional qualifier of North America, Europe, Latin America and Asia Pacific, so expect competition to be fierce.

Philip Hubner, CBDO at Challengermode said: “Having Allied Esports and the Cyberathlete Championship Series choose Challengermode as the platform to host open qualifiers for the SI2022 competition is a wonderful endorsement of our ability to make the highest levels of esport competition open to anyone. CCS is a pillar of the community tournament scene for Rainbow 6 in North America, and Allied has been instrumental in elevating the level of competition across Europe. We couldn’t be more excited to be working with such impressive organisers, and hope that players will enjoy competing using the Challengermode platform to play on the biggest stage in the Siege year, and even potentially become World Champions.”

Rob Walker, founder of the Cyberathlete Championship Series said: “The support Challengermode has been able to offer through its automated tournament platform has made scaling the open qualifiers to any size we may need exceptionally easy. We’ve been extremely happy with the usability and versatility of the tools they’ve been able to provide, and we look forward to working closely with Challengermode to offer as many teams as possible the chance to compete at the highest level of competition for Rainbow 6 Siege.”

Leon Groenewoud, CEO Europe and VP Gaming & Esports at Allied Esports added: “We’re incredibly excited to be producing the European qualifiers for the SI2022 in our Hamburg studio. Being able to rely on Challengermode to once again provide the best platform to administrate the tournaments frees us up to focus on providing the best possible production services to elevate creators, competitions and content across the esports industry.”

Interested teams can sign-up for the chance to qualify for the World Championship in R6 with SI2021 through the Challengermode website here. Open qualifiers will run from 4th-18th December, with North American Qualifiers viewable via the official CCS Twitch channel and European Qualifiers via the official Rainbow 6 Twitch Channel.

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Latest News

Week 48/2021 slot games releases

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Week 48/2021 slot games releases
Reading Time: 8 minutes

 

Here are this weeks latest slots releases!

MGA Games, producer of localised slot games for global operators, expands their line of games starring successful DJs. The DJ-themed productions are full of energy and rhythm, a proposal sure to excite all players. With themed symbols: DJ headphones, microphones, samplers … and the warmth of the crowds, these 5-reel slot games immerse users in a great electronic music party.

MGA Games fills online casinos around the world with electronic music

 

Spinomenal, has released its slick new slot, Blue Panther. Spinomenal’s new title is set deep in the jungle where a tropical soundtrack accompanies players as they trek amongst wild animals and succulent flowers on a hunt for riches.Free games trigger when three or more scattered waterfalls splash onto the screen. During the base game, the Free Spin symbols only are revealed on reels 1, 3 or 5. Any three scattered Free Spins symbols gifts players with five free spins and pays x1 the total bet.

Spinomenal’s Blue Panther set to be a roaring success

 

Yggdrasil, has partnered with AvatarUX to release PiggyPop™, set in the glamorous world of its porcine inhabitants. Set in a glitzy, casino-style setting, PiggyPop™ sees AvatarUX’s iconic PopWins™ mechanic return, with each win ‘popping’, before the reel height increases and two more symbols take their place. The feature allows the reels to expand to up to six symbols in base play, and eight in the free spins mode.

Yggdrasil and AvatarUX launch eighth PopWins™ title PiggyPop™

 

Pragmatic Play, is ramping up the excitement for Christmas a little earlier than usual with festive new release, Santa’s Wonderland™. Not only is Santa Claus coming to town this Christmas – he will also be taking on a prominent role in the provider’s latest slot release, packed to the brim with Christmas presents, coloured baubles and incredible festive rewards.

PRAGMATIC PLAY USHERS IN THE FESTIVITIES WITH SANTA’S WONDERLAND™

 

OneTouch has released Fire Combo, an exhilarating slot that provides players with a light show like no other. The bursting video slot will treat players to a delightful spectacle, one where they will be rewarded with exhilarating visuals and big wins. Anyone watching the eye-catching firework display will have the chance to purchase instant free games, giving them the option to collect games won or gamble them to win even more.

OneTouch welcomes players to celebrate with Fire Combo

 

Golden Hero’s latest slot game is a non-traditional, high volatility grid slot game designed in a spiral pattern twisting around the screen hence creating a game experience that is extraordinary. With the help of the robot, Fusion Bot, the goal is to match symbols in this futuristic fast-paced game that never lets up. Wild Fusion has stunning animations, fast action and the friendliest robot players will ever meet.

Harness the fusion energy in Wild Fusion

 

Hölle Games, the Berlin based slots start-up, have launched Höllische Sieben, the latest in their “Classic” line of slots. Höllische Sieben translates to “Hellish Seven” in English and is a 5×3 slot with 5 paylines and a very high volatility. Playing with the hellish theme, the game features a special scatter Seven that can supercharge wins, with five Sevens paying 777x the stake.  Spicy chillies and other fruits (yes, chillies are fruits!) are stacked on the reels too, allowing for some big win action.  Two RTP variants are offered, 88% and 96%.

 

ThunderSpin is delighted to announce the release of its latest enthralling new slot, Western Riches!  In this cowboy-themed game, the player hits the barren trails and the open prairies in search of big rewards, relentlessly, like a proper bounty hunter. Western Riches will guide the player to a typical wild west type of town laden with wooden colonial buildings and dusty roads. In this colourful and lively game, the reels spin to show characteristic symbols like whisky bottles, pistols and ammo, hat and gloves, bandits and many more.

 

iSoftBet, has unveiled its spectacular Christmas slot, Scrooge Megaways™. Incorporating both the popular Hold & Win and Megaways™ mechanics, Scrooge Megaways™ is the latest addition to iSoftBet’s Twisted Tales collection, inspired by iconic fictional stories. Scrooge Megaways™ is centred around Ebenezer Scrooge, the infamous miserly figure at the centre of Charles Dickens’ classic novel A Christmas Carol.

 Scrooge Megaways slot

 

Habanero travels to Germany in its latest 5×3 slot, Prost! The title that allows players to let loose as they participate in the iconic stein-focused festival. With a warm colour scheme that matches the real event and two welcoming characters, Heidi and Hans, players will be instantaneously teleported to a festive Munich. The new slot includes an exciting Map Feature that is triggered whenever a Wild lands, this allows festivalgoers to win Free Games or Cash prizes. There are up to 25 Free Games on offer, all of which can be retriggered and multiply prizes by x10.

prost slot

 

Fantasma Games, is taking players on a submarine adventure in its latest release, Wins of Nautilus Megaways. The theme takes inspiration from Jules Verne’s Twenty Thousand Leagues Under the Sea and combines this with striking visuals, stunning animations and authentic sound. Wins of Nautilus Megaways uses Big Time Gaming’s innovative reel matrix to deliver up to 117,649 ways to win with every spin, but the big win potential does not stop there. The unique Countdown Bomb Feature makes a splash.

 

Swintt, have been back in the kitchen this month cooking up another tasty treat for players in the form of their new premium release, Kochbuch. A classic, food-themed slot that features five paylines and top wins of up to 5,000x the selected stake, Kochbuch invites players to don their apron and oven mitts to see if they can whip up mouth-watering payouts using a range of unique symbols that includes smiling chefs, steaks, broccoli and aubergines.

Swintt serves up the perfect dish for slot fans with new Kochbuch release

 

Play’n GO have got into the festive spirit early this year with the release of Moon Princess: Christmas Kingdom. Like its prequel, Moon Princess: Christmas Kingdom is a 5×5 grid slot. And it isn’t shy of features to keep players on the edge of their seats. Girl Power is triggered randomly on initial spins when no winning combination is made and one of the princesses – whoever is visible on the grid – will have their power play out. Love will choose a random symbol and all matching symbols will transform into a different symbol type. Star has the power to add one, or even two, Wild symbols to the grid. And Storm will remove two types of symbols from the grid.

Princesses and a Christmas Kingdom? Sounds like an adventure

 

Inspired Entertainment, Inc. is pleased to announce the launch of Big Fishing Fortune™, a fish-themed 5×3 reel, 10-win line slot game, with a novel bonus mechanic and tremendously fishy puns! With its crisp graphics and immersive underwater sounds, Big Fishing Fortune offers players a reely engaging experience, where any fin is possible. Big Fishing Fortune is set in the deep depths of the ocean, giving players a chance to catch the Big Fish of the day. Four or five scatters in the base game trigger the game’s Pick Me feature.

BIG FISHING FORTUNE SLOT

 

Kalamba Games has added a seasonal twist to one of its best performing slots with Joker Times Xmas Edition. The latest in the studio’s ever-popular Joker series, this Yuletide version of Kalamba’s smash hit Joker Times leads players on a winter walk through the Medieval era in search of festive wins in a maximum-volatility take on a classic Vegas-style experience. Snow-capped castle towers provide the backdrop for a 5×4 reel set where five levels of Cashpots are available – land nine or more bonus symbols on one spin and the player earns the top level.

Kalamba Games gets festive with Joker Times Xmas Edition

 

 

Yggdrasil and ReelPlay are set to transport players to a rich fantasy world where legendary gods, mighty beasts and terrifying demons go head-to-head in an unforgettable battle for the ages. Age of Beasts Infinity Reels™ sees ReelPlay’s iconic Infinity Reels™ mechanic combine with a lucrative Bonus Wheel feature to not only offer players limitless possibilities, but also instant win prizes of up to 1,000x. The Bonus Wheel is also key in driving the Infinity Reels experience, with each spin of the wheel determining a greater number of Infinity Reels free spins or a larger starting win multiplier.

Yggdrasil and ReelPlay gear up for an epic battle in Age of Beasts Infinity Reels™

 

 

Booongo, the global online slots developer, has embarked on an action-packed Asian adventure in new release, Golden Dancing Lion. The 30-payline slot is filled with popular symbols in Chinese culture, including pagodas, firecrackers, dancing lions and more, while drums act as the game’s wild. Featuring both a free spins and bonus game, the feature filled hit sees the free spins triggered when three or more scatters land on a single spin, awarding eight spins. During this mode, wilds have a 2x multiplier, enhancing all wins they are part of.

Booongo unleashes riches-filled celebration Golden Dancing Lion

 

OneTouch has released Infinity Tower, an energetic new release that encourages players to take up a dangerous journey. A climb like no other, the undefeated Infinity Tower has dismissed every valiant attempt put forward by a large group of brave thrill-seekers. Now the new slot allows players to test their luck as they aim to become the first victor. With the challenge being high-risk, players should expect big rewards, as the multiplier rises the higher challengers go. Making the top could see them reap impressive rewards, worthy for anyone who conquers the infamous tower.

OneTouch embarks on daring expedition in Infinity Tower

 

BGaming is delighted to announce the launch of Bonanza Billion, the first brand’s title with cascading reels that allow players to make their experience more exciting! Wonderful colourful fruits and shining candies! Bonanza Billion is now presented to players in its X-mas look. The thematic cascading slot is full of Christmas spirit, which will bring players lots of remarkable and bright moments during holidays! Bonanza Billion is BGaming’s first 6×5 game with refilling reels.

BGaming launches its first cascade slot Bonanza Billion

 

Pragmatic Play, is thrilled to announce the launch of its seasonal take on the Big Bass Bonanza series, with Christmas Big Bass Bonanza™. The fantastically fishy festive slot title takes players on an icy adventure, with a joyful looking Santa taking the place of the legendary angler players have grown so fond of. Landing three, four, or five Scatter symbols in the base game triggers the Free Game round, awarding players with 10, 15, or 20 free spins, respectively. In the Free Game, Wild symbols collect all the values from Money symbols, and all Wild symbols that hit during the feature are collected until the round ends.

PRAGMATIC PLAY PROVIDES A FESTIVE CATCH WITH CHRISTMAS BIG BASS BONANZA™

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