betconstruct.png
betconstruct.png
betconstruct.png
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2017 AffiliateCon
NEWS 10 April 2018
Aspire Global revenues up 18% in FY2017
By Robert Simmons

Swedish based online gaming software provider Aspire Global has reported an 18% increase in its revenues during the full-year 2017.

Announcing its full set of financial results for the year, the company reported revenues of €71.9m, beating the €61m revenue figure reported during 2016.

Company EBITDA rebounded from a poor 2016, growing by 25% during 2017 to €14.3m from a 2016 low of €11.4m. Aspire attributed this rise to the strong performance of its B2C brands, which accounted for 48% of revenue and 45% of company EBITDA.

Distribution, gaming duties and administrative expenses also rose during 2017 by 16%, 15% and 14% respectively, reflecting increased regulation and exportation costs.

During 2017, Aspire Global successfully completed its first initial public offering of shares on the Nasdaq First North Premier stock exchange in Stockholm and also began moves to open its first sportsbook offering in partnership with SBTech.

Aspire’s Chairman of the Board Carl  Klingberg commented: “Aspire Global has a unique position in the iGaming market as the first provider of a full turnkey solution for operators of sportsbooks and casinos, let alone one with operations in six regulated markets.

"We are looking forward to realising the grand agenda for the coming year, aiming at continued strong growth on a yearly basis.”

RELATED TAGS: Financial | Marketing | Industry
DISCUSS THIS ARTICLE
IN-DEPTH 10 December 2018
Tackling the issue of UK self-exclusion

Harrison Sayers asks three industry executives about self-exclusion in UK gambling. Jack Symons, founder of Gamban, tells us why he saw it necessary to create his own self-exclusion software. Tracy Damestani, Chief Executive, National Casino Forum, explains how SENSE has long looked after those looking to avoid land-based casinos. Fiona Palmer, CEO of GAMSTOP, gives an update into the effectiveness of the UK’s National Online Self Exclusion Scheme.

READ MORE
PREMIUM CONNECTIONS