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Aspire Global’s Year-End Report 2018 – Concluding an Amazing Year

George Miller

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Aspire Global’s Year-End Report 2018 – Concluding an Amazing Year
Image Source: aspireglobal.com
Reading Time: 4 minutes

 

FOURTH QUARTER (OCT-DEC 2018)
• Revenues increased by 71.6% to €32.9 million (19.2)
• B2B Revenues increased by 87.3% to €19.3 million (10.3)
• EBITDA increased by 71.4% to €6.6 million (3.8)
• EBITDA margin amounted to 20.0% (20.0%)
• EBIT increased to €6.0 million (3.5)
• Earnings after tax from continued operations increased to €4.6 million (1.3)
• Earnings per share after tax from continued operations increased to €0.10 (0.03)
• Cash flow from operating activities increased by 103.9% to €5.3 million (2.6)
• First time depositors (FTDs) increased by 82.1% to 123.7 thousand (67.9)

FULL YEAR (JAN-DEC 2018)
• Revenues increased by 45.5% to €104.6 million (71.9)
• B2B Revenues increased by 52.6% to €56.6 million (37.1)
• EBITDA increased by 48.6% to €21.2 million (14.3)
• EBITDA margin amounted to 20.3% (19.8%)
• EBIT increased to €19.3 million (13.0)
• Earnings after tax from continued operations increased to €16.2 million (9.8)
• Earnings per share after tax from continued operations increased to €0.36 (0.23)
• Cash flow from operating activities increased by 42.8% to €22.9 million (16.0)
• First time depositors (FTDs) increased by 50.5% to 370.4 thousand (246.1)
• The Board of Directors proposes a dividend of approximately 1.27 SEK per share, to be paid for the 2018 fiscal year

SIGNIFICANT EVENTS DURING AND AFTER THE FOURTH QUARTER
• On October 25th 2018, the sports operator BetRegal migrated to Aspire Global from another platform
• On October 22nd 2018, Aspire Global launched a bingo offering in addition to casino and sports.
• On November 28th 2018, Aspire Global was granted a sports gaming license in Ireland.
• On December 5th 2018, Aspire Global presented new financial targets for 2019-2021; revenues of €200 million and an
EBITDA of €32 million, excl. material acquisitions, and an EBITDA-margin of 16%.
• On December 21st 2018, Aspire Global was granted a Swedish gaming license. On January 1st, 2019, the re-regulation
entered into force and Aspire Global started operating under the new license.
• On January 9th 2019, Ziv Shtaeinberg was appointed as Chief Technology Officer (CTO) and member of the management team at Aspire Global, leading the technology site in Kiev, Ukraine.

A WORD FROM THE CEO 
“As I conclude the fourth quarter and 2018 as a whole, I feel excited and extremely proud of our progress. December rounded off yet another record quarter in line with our seasonal pattern. We maintained strong focus on regulated markets with new licenses granted in Sweden and Ireland and finalized compliance for the Swedish re-regulation. Furthermore, we launched five new brands on the platform, two of which were migrations of established operators, all while pursuing high activity in B2B and B2C through effective CRM-campaigns. As a result, revenues in the fourth quarter increased by 71.6% from 2017, reaching €32.9 million.

CONCLUDING 2018
As for the full-year, it was an exciting journey. Aspire Global entered into 8 new partnerships and launched 13 new B2B-sites. We also launched over 240 new games, 6 of which are our own, and managed to expand our offering to bingo and sports, the latter of which is growing steadily and contributing to both segments. We received two new licenses for regulated markets, Sweden and Ireland, enabling us to create a stronger presence in northern Europe. The iGaming license for sports in Ireland expands Sportsbook to yet another regulated market, enabling partners to target new audiences through a wider offering. Moreover, we issued and listed a bond under a €80 million framework that, together with our strong cash flow, would enhance our growth potential and allow us to explore attractive investment and acquisition opportunities, in line with operational focus. Last but not least, we arranged our first capital markets day in Stockholm. The fact that we will be exceeding previous financial targets ahead of schedule is the result of an amazing progress in 2018, following our growth strategy.

ENTERING 2019
We are excited to be up and running in the re-regulated Swedish market, creating a stronger footprint in the Nordics. Aspire Global sees considerable growth potential from the modest starting point and is looking forward to initiating new partnerships under the new conditions.

Aspire Global recently announced updated financial targets for 2019-2021, aiming at revenues of €200 million and an EBITDA of €32 million, excluding material acquisitions, and an EBITDA-margin of 16%. The strategy going forward remains focused on B2B and B2C, but also on game development. Aspire Global will continue to pursue strong growth, both organically and through acquisitions, with a consistent focus on improving the offering, strengthening partnerships and seizing attractive opportunities in regulated markets. To ensure the appropriate infrastructure and flexibility for various market conditions and coming integrations, we will be initiating considerable investments in the company platform from our tech site in Ukraine, starting with the recent appointment of a group CTO and further recruitments to strengthen the tech-team going forward.
Welcome to a new and exciting year with Aspire global.” – Tsachi Maimon, CEO Aspire Global

 

FOR MORE INFORMATION, PLEASE CONTACT:
Tsachi Maimon, CEO, Tel: +356-79777898 or email: tsachi@aspireglobal.com
Motti Gil, CFO, Tel: +972-73 372 3154 or email: mottigi@aspireglobal.com

ABOUT THIS INFORMATION
Aspire global discloses the information provided herein pursuant to the EU Market Abuse Regulation
(MAR). The information was submitted for publication by the contact persons above at 08:15 am (CET) on February 14th 2019.

This document is the English original. In the event of any discrepancy between the original English document and the Swedish translation, the English original shall prevail.

TELECONFERENCE
Today, on February 14th 2019, at 10:00 (CET), the company CEO, Tsachi Maimon, and CFO, Motti Gil, will be presenting the report and answering questions at a teleconference (in English).
The teleconference will be webcasted live through the following link: https://financialhearings.com/event/10985 . The meeting, including the Q&A-session, is also available by dialing-in on the numbers below.
Sweden: +46 8 5664 27 03
UK: +44 3333 009 273
US: +1 6467 224 956

 

ABOUT ASPIRE GLOBAL:
Founded in 2005, Aspire Global offers a comprehensive iGaming solution for operators and white labels, including a complete suite of services for casino and sportsbook, multilingual CRM, payments and risk control, support call center, VIP management, acquisition optimization and a robust, market-leading platform. Aspire Global also holds licenses in regulated markets including the UK, Ireland, Denmark, Sweden and Malta. Aspire Global is listed on NASDAQ First North Premier under ASPIRE. Certified Advisor: FNCA Sweden AB, info@fnca.se, +46-8-528 00 399. Please visit www.aspireglobal.com.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Industry News

MyChance Renovates its Platform

Niji Narayan

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MyChance Renovates its Platform
Reading Time: 1 minute

 

Online casino MyChance has undergone a major renovation in its platform, providing a new, elegant, look and feel. MyChance has also added a number of personalisation and gamification features through the redesign.

The added features include a search tool and the “favourite” and rating games options, as well as an updated player reward system which rewards points that can then be used to rank and unlock additional benefits and exclusive deals.

“Our mission from day one has been to give back to our players and to provide them with the best possible online casino experience in the market. Our new look and improved offering achieve this aim; from our generous loyalty scheme to our thrilling and exciting races that run round the clock, we know how to look after our customers. We look forward to hearing feedback from our existing players and also to welcome new customers through our doors and to provide them with an online casino experience like no other,” Eric Holmberg, CEO of MyChance casino said.

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DAW Sets Out Wish List for Re-regulation of German Gambling Market

Niji Narayan

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DAW Sets Out Wish List for Re-regulation of German Gambling Market
Photo Source: kayak.com
Reading Time: 2 minutes

 

The Deutsche Automatenwirtschaft (DAW), the umbrella organisation for Germany’s gaming machine associations, has created a wish list for the re-regulation of the country’s gambling market.

DAW explained that the current regulations for commercial gambling undermine the objectives of the State Treaty on Gambling, in particular when it comes to channeling players towards the legal market.

It said establishments should be permitted to offer multiple game verticals, and that updated regulations should maintain the state lottery monopoly on draw-based games.

New regulations must ensure that legal providers can offer a competitive and economically viable alternative to unlicensed operators, the DAW said.

“The amendment of the State Treaty on Gambling is a great opportunity to counteract the undesirable developments – above all the rapid growth of the black market – with a holistic approach. Only a coherent regulation of all forms of gaming, including the use of commercial slot machines based solely on quality standards, and a strengthening of legal providers can curb the black market and effectively protect consumers,” Georg Stecker, chief executive of DAW said.

DAW calls on state lawmakers to introduce uniform standards for responsible gaming training and player protection measures across all sectors. These controls, it says, must be constantly developed and regularly evaluated by professionals to ensure they are fit for purpose.

A nationwide biometric system that would ensure voluntary restrictions on players’ gambling should also be rolled out. It also believes a certification system for all gaming halls and outlets offering slot machines should be implemented, to help consumers distinguish legal from illegal offerings. In addition, the association argues in favour of a qualification system for gaming machine professionals.

Finally, the DAW argues in favour of regulations governing the exterior design of gaming establishments. It says these should ensure there are no inducements to gamble for minors and vulnerable people, while allowing the operator to inform and educate players about the range of games on offer.

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Fugaso selected as finalists in two categories of “the world’s most prestigious casino awards”

George Miller

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Fugaso selected as finalists in two categories of "the world's most prestigious casino awards"
Reading Time: 2 minutes

 

International software provider Fugaso has been selected for the final in two acclaimed AskGamblers Award categories, Best Slots and Best Software Provider, in what AskGamblers bill as the world’s most prestigious casino awards. The popular global games supplier has developed innovative in-house technology that is driving growth for the company, hence also the nomination as a finalist in the Best Software Provider category.

Fugaso has been making waves in the global iGaming industry as a content provider of choice for a range of tier 1 operators, as well as winning the hearts and minds of players around the world’s igaming jurisdictions, whose votes have been central to these accolades. Fugaso offers an extensive game library of over 65 HTML5 games that guarantee seamless gameplay on all devices and compete with finalists in the AskGamblers Awards including NetEnt, Play’n Go and Microgaming. Fugaso’s Jackpots Series, a popular progressive, has also attracted substantial interest with jackpots regularly topping 6 figure wins.

The rapidly expanding Fugaso portfolio of titles is available via the GrooveGaming platform as well as from SoftGaming, Soft Swiss, Digitain, EveryMatrix, Bet Construct , IGG and many others. Releases this year include Trump It Deluxe, Wild Rodeo, Magic Spinners, Fugaso Airlines, Stoned Joker, Imhotep Manuscript and blockbuster Cleopatra’s Diary, which is in the running for Best Slots at the AskGamblers Awards. All Fugaso games are available in 12 languages, but can be adapted for any language, and every game is supported by all devices, currencies and cryptocurrencies.

The big breakthrough for Fugaso has been the quality of gaming experience the company now offers across all devices. New technology truly takes things to the next level, providing players with a quality of entertainment that matches the standards that they have come to expect in other environments. One of the key technologies deployed in Fugaso games is the highly innovative ‘Rich Free Spins’ feature, which combines the benefits of multiple free spins into one super-valuable free spin that ramps up the excitement with the prospect of potentially highly generous payouts. No other games manufacturer is currently offering ‘Rich Free Spins’, a unique and proprietary differentiator in Fugaso’s technology vault.

As the most reliable source for online casinos, AskGamblers is hosting prestigious casino awards for players to choose the best casino and slot in the industry. AskGamblers is one of the most valued gaming review sites built on the collaboration of real people who submit their opinions on games, casinos, online promotions and everything associated with the industry. Being authentic and unbiased, it’s a trusted reference point to get a real opinion on gaming topics.

Robert  Metzger, Head of Business Development at Fugaso said: “Fugaso is fast becoming a well-known and respected name across the industry and our games can be found in many casinos today with a big fan base. With our speed of game and technology development we are able to add exciting new content quickly and simply. Our aim has always been to deliver market-shaping products and we are delighted to be nominated as finalists in two AskGamblers Awards thanks to the unparalleled support of the market.”

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