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An additional performance-based consideration is payable two years from the close date and is seven times BtoBet’s EBIT in the second year from closing, less the €20 million purchase price.Acquisition of the sportsbook aligns with the Stockholm-listed iGaming solutions provider’s growth strategy and is expected to close during Q4 2020 and have a “material positive effect” on its EBITDA as of 2021.3 million) with other sources of online revenues including those from casino games dipping by 4% to circa £66 million (....
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Aspire, which has a significant presence in Europe and in November 2019 entered the regulated US market via Pariplay to supply content to 888casino in New Jersey, now takes a prime position in the two burgeoning markets.4 million (.Leading iGaming and sportsbook platform provider BtoBet will join forces with Aspire Global, after agreeing a deal comprising a cash consideration of €20m, €15 million of which is to be paid at closing and €5 million payable 12 months after closing....
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”New growth market access:Chief Executive Officer for Aspire Global, Tsachi Maimon, commented on the significance of the acquisition in a company press release, stating…“Aspire Global now enters the sports betting arena with storm strength.”Aspire Global recently hired former Chief Operating Officer for William Hill International, Antoine Bonello, as Chief Operating Officer and We are impressed by the qualities of the Neuron Sports platform and in addition we will get access to new growth markets, new potential big deals and new opportunities,” said Maimon....
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