Aspire Sportsbetting Props Company Up in First Quarter

This story was published more than 2 years ago.

Betting group Aspire Global has published their first quarter financial results, revealing that revenues were up thanks in large part to their sportsbetting operation.

Key financial indicators for the first quarter ending March 31st, 2018 were:

  • Revenues up 14% to €18.4 million
  • B2B revenues up 24% to €9.7 million
  • EBITDA up 6% to €2.4 million
  • Lower margins of 15%
  • Earnings per share down €0.02 to €0.04

Speaking about the performance Aspire CEO Tsachi Maimon said, "I am happy to present yet another positive quarter with continuous strong organic growth and EBITDA development compared to last year.

"2018 started off with the launch of sportsbook, a major event as the company entered into the largest field of iGaming and became the first provider of a full-service platform solution for casino and sports operators.

"The initial response exceeded expectations and we look forward to putting the product to the real test as the World Cup starts in just over a month.

"Meanwhile, we are exploring a number of M&A-opportunities and increase the focus on Karamba."

"After a seasonal, slower start to the first quarter contrasting the strong year-end, volumes rebounded creating a very positive trend that lasted all the way in to the second quarter. We feel confident in reaching solid year-on year growth in line with previous performance."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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15 May 2018 - 6:47pm
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Yeah if the sportsbook brings the major part of their incomes Inspired should be quite happy about the World Cup on the horizon so well done to them