Aaron Speech
Columbia Pacific Advisors’ Business Finance Strategy Provides $30M Loan to Esports Technologies Inc

Columbia Pacific Advisors’ business finance strategy, CPBF, a direct lender to non-sponsored and sponsor-backed emerging growth and middle market companies, announced it has delivered a $30 million senior secured term loan to Esports Technologies Inc, a Las Vegas based iGaming technology company focused on developing and operating esports gaming platforms.
Esports Technologies used proceeds of the loan to acquire the business-to-consumer assets and certain related operations of Aspire Global, a leading online casino and sportsbook company, in a $75.9 million transaction. The acquired brands include Karamba, Hopa, Griffon Casino, BetTarget, and Dansk777. With the acquisition, Esports Technologies gains access to gaming licensing in Tier 1 regulated markets including the UK, Germany, Ireland, Malta, and Denmark.
Since the inception of esports in the early 2000s, the sport has grown rapidly, as sponsored tournaments with significant cash prizes have raised the level of competition and online streaming has opened the market to mass viewership. EBET has developed industry-leading technology and award winning products to provide esport fans with the wagering performance they have grown to expect from traditional sports and additional betting opportunities that are unique to esports.
“We are pleased to welcome Aspire’s portfolio of business-to-consumer online casino and sportsbook brands to Esports Technologies. EBET is on the leading edge of bringing the spreads, market depth, and speed to esports wagering that bettors have come to expect from online wagering on traditional sports. We look forward to introducing these capabilities to esports fans in several of the world’s largest regulated markets through this acquisition,” Aaron Speach, CEO of Esports Technologies, said.
“This transaction demonstrated the dexterity of CPBF. With borrower operations on five continents and rigid timelines imposed by a M&A process with two public companies, we are pleased that CPBF could deliver for all parties,” Lawrence Litchfield, CPBF’s Director of Business Development, said.
Powered by WPeMatico
Aaron Speech
Columbia Pacific Advisors’ Business Finance Strategy Provides $30M Loan to Esports Technologies Inc

Columbia Pacific Advisors’ business finance strategy, CPBF, a direct lender to non-sponsored and sponsor-backed emerging growth and middle market companies, announced it has delivered a $30 million senior secured term loan to Esports Technologies Inc, a Las Vegas based iGaming technology company focused on developing and operating esports gaming platforms.
Esports Technologies used proceeds of the loan to acquire the business-to-consumer assets and certain related operations of Aspire Global, a leading online casino and sportsbook company, in a $75.9 million transaction. The acquired brands include Karamba, Hopa, Griffon Casino, BetTarget, and Dansk777. With the acquisition, Esports Technologies gains access to gaming licensing in Tier 1 regulated markets including the UK, Germany, Ireland, Malta, and Denmark.
Since the inception of esports in the early 2000s, the sport has grown rapidly, as sponsored tournaments with significant cash prizes have raised the level of competition and online streaming has opened the market to mass viewership. EBET has developed industry-leading technology and award winning products to provide esport fans with the wagering performance they have grown to expect from traditional sports and additional betting opportunities that are unique to esports.
“We are pleased to welcome Aspire’s portfolio of business-to-consumer online casino and sportsbook brands to Esports Technologies. EBET is on the leading edge of bringing the spreads, market depth, and speed to esports wagering that bettors have come to expect from online wagering on traditional sports. We look forward to introducing these capabilities to esports fans in several of the world’s largest regulated markets through this acquisition,” Aaron Speach, CEO of Esports Technologies, said.
“This transaction demonstrated the dexterity of CPBF. With borrower operations on five continents and rigid timelines imposed by a M&A process with two public companies, we are pleased that CPBF could deliver for all parties,” Lawrence Litchfield, CPBF’s Director of Business Development, said.
Powered by WPeMatico
-
Latest News6 days ago
Sweet Fortune Megaways: A Sweet Slot with Free Spins and Expanding, Multiplying Wilds
-
Asia5 days ago
ED Arrests Karnataka MLA Veerendra “Puppy” in Illegal Betting Case
-
Asia4 days ago
Macao Casino Sector Salaries Hit a 10-year High
-
gambling activities4 days ago
Uruguay Introduces New 0.75% Tax on Casino and Gaming Bets
-
Gambling in the USA5 days ago
Fanatics Betting and Gaming, Boyd Gaming Announce Missouri Partnership
-
Latest News3 days ago
Cactus Founder Nickolas Ribeiro Defends Industry’s Continued Commitment to Responsible Gaming
-
Latest News5 days ago
Rising Bonus Abuse in Sports Betting: Fraudsters Leveraging Hidden AI Powered Bots
-
Balkans3 days ago
ELA Games Partners With Superbet to Expand Offerings in Serbia