Latest News
Aspire Global Acquires Leading B2B Sportsbook Provider Btobet
Aspire Global has signed an agreement to acquire 100% of the shares of BtoBet Ltd, a leading B2B sportsbook and technology provider. The acquisition of the sportsbook constitutes a key part of Aspire Global’s growth strategy since it is a major step in creating an offering that covers the main elements of the B2B iGaming value chain. Together with the acquisition last year of the leading aggregator and games studio Pariplay, the purchase of BtoBet’s sportsbook platform positions Aspire Global among the world’s leading iGaming suppliers.
The purchase price is €20 million in cash of which €15 million at closing and €5 million twelve months after closing. In addition, there is an additional consideration based on BtoBet’s performance two years after closing. This consideration is seven times BtoBet’s EBIT in the second year from closing date minus the purchase price of €20 million. In 2019, BtoBet had revenues of €4.4 million and an EBITDA of €1.5 million and in the first six months of 2020 revenues were €3.1 million and EBITDA €1.2 million. The transaction is supposed to be closed during Q4 2020 with material positive effect on Aspire Global’s EBITDA as of 2021. The acquisition is not expected to have any material effect on the financial results in 2020. BtoBet is headquartered in Gibraltar and has almost 100 employees, the majority of which are based in the offices in Italy and North Macedonia.
With the proprietary sportsbook Aspire Global will control the IP in the full value chain and consequently also steer the complete roadmap. In addition, the proprietary sportsbook provides Aspire Global with the highest flexibility when it comes to adding new features and securing fast time to market.
BtoBet has 32 operators on its platform in Europe, Latin America and Africa. The company is a leading provider in Latin America and Africa and with the acquisition Aspire Global, with its broad presence in Europe and recent establishment in the US, takes a prime position also in these two growing markets. BtoBet’s platform, named Neuron 3, provides operators with the core technology for a player-centric environment to facilitate their player interaction in placing their bet in any channels of choice. The result is a betting experience with an accentuated entertainment perspective based on the seamless transition of the core technology which adapts to various scenarios related to the players’ behaviour through any channel, any jurisdictions and markets’ requirements.
Tsachi Maimon, CEO of Aspire Global, said: “Aspire Global now enters the sports betting arena with storm strength. With the acquisition of BtoBet we have become a true global B2B company which owns and provides an iGaming platform, sports betting, casino games and games aggregator as well as managed services for all continents and markets. Aspire Global can now compete for any deal, big or small, that exists out there.”
Tsachi Maimon continued: “This is a perfect match. 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.”
Alessandro Fried, founder and shareholder of BtoBet, said: “I am truly enthusiastic by the opportunities we see by becoming part of Aspire Global, the powerhouse for iGaming operators. With our joined forces we will take this new global iGaming offering in every corner of the earth. We have been in the industry for a long period of time and finally we met the perfect partner that matches our vision and with which we can build a stronger presence globally.”
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Latest News
Games Global and Videoslots crown latest Mega Moolah™ jackpot winner
More than €7 million paid out on Absolootly Mad™ Mega Moolah™
Games Global, a leading supplier of online gaming content, has created its latest multimillionaire after a Videoslots player hit the jackpot on Absolootly Mad™ Mega Moolah™, winning an impressive €7,004,235.
Based in Sweden, the winner became the fifth person ever to strike the top Mega Moolah™ progressive jackpot on the Triple Edge Studios title, with the game awarding more than €66 million in total prizes since its release in 2020.
The seven-figure sum is the second biggest prize to drop on Games Global’s renowned progressive jackpot network so far in 2024 and is also Videoslots’ largest ever payout, eclipsing the €3 million plus figure won on Ancient Fortunes: Poseidon WowPot! Megaways™ in 2021.
Absolootly Mad™ Mega Moolah™ is a quirky and colourful Alice in Wonderland-inspired online slot that is packed with crowd-pleasing features including Rolling Reels™, a multiplier trail, and the iconic four-tiered Mega Moolah™ progressive jackpot.
Games Global’s long-established jackpot network continues to lead the way in the industry, delivering wins more frequently than any other progressive jackpot offering. In 2024 alone, a win has struck every 14 seconds on average, with over €42 million paid out across 846,000 wins so far this year.
Andy Booth, Chief Product Officer at Games Global, said: “The mighty Mega Moolah™ progressive jackpot has become a staple for slots enthusiasts around the world and continues to excite audiences with its ever-growing portfolio of great gaming experiences and massive win potential. We are thrilled to see another Videoslots player land a top jackpot, reinforcing the reputation of our content library for providing unrivalled opportunities to win big.”
Klas Winberg, Chief Commercial Officer at Videoslots, said: “The Mega Moolah™ jackpot once again shows why it is an institution in our industry, having the ability to award incredible prizes time and time again. We are very happy on behalf of our customer on this historic win, which is the largest payout to date on Videoslots Casino.
“Further strengthening our relationship with Games Global, Mega Moolah™ progressive jackpot games will be prominently featured on MegaRiches, our new jackpot-centric casino brand, which will launch in the UK this summer. We look forward to more momentous wins and shared successes.”
The post Games Global and Videoslots crown latest Mega Moolah™ jackpot winner appeared first on European Gaming Industry News.
Latest News
Fast Track Achieves SOC 2 Accreditation
Reinforcing Its Commitment to Data Security and Customer Trust
Fast Track, the leading CRM platform built specifically for the iGaming industry, is pleased to announce the achievement of the SOC 2 accreditation, further cementing its commitment to data security, operational excellence and customer trust.
SOC 2 (System and Organisation Controls 2) is an internationally recognised standard for the management and protection of customer data. This accreditation demonstrates Fast Track’s commitment to maintaining the highest levels of security, availability and confidentiality of partners’ information.
“This accreditation marks a significant milestone in Fast Track’s journey,” said Simon Lidzén, co-founder and CEO of Fast Track. “As we continue to grow and innovate, ensuring the security and integrity of our partners’ data remains a top priority. Achieving SOC 2 certification validates the robust controls and processes we have in place, and assures our customers that their data is in safe hands”.
The SOC 2 accreditation process involved a rigorous evaluation of Fast Track’s systems and controls, ensuring that they met stringent criteria across multiple trust principles, including security, availability, processing integrity, confidentiality and privacy.
This achievement isn’t just about compliance, it’s about trust. Fast Track’s partners can be confident that their data is protected by best-in-class security measures.
Fast Track CRM is designed to help iGaming operators orchestrate all their communications and rewards from a single place, using real-time data and powered by AI to deliver personalised, one-to-one experiences at scale. The SOC 2 accreditation demonstrates to partners that Fast Track’s solutions are strong, secure and reliable.
The post Fast Track Achieves SOC 2 Accreditation appeared first on European Gaming Industry News.
EveryMatrix Press Releases
EveryMatrix promotes Mihnea Dobre to Chief Technology Officer
EveryMatrix has appointed Mihnea Dobre as its new Group Chief Technology Officer.
With his extensive experience and expertise Mihnea will spearhead the company’s technology strategy and operations, based in Bucharest.
Previously EveryMatrix’s Head of IT Governance, Mihnea has been a pivotal figure within the leadership team.
He has been part of EveryMatrix for almost a decade, joining the company as Head of Incident Management with a team of just four. One year after joining, he formed the Technical Support and IT Governance teams, significantly improving the release management and change management processes.
In his new position, he will lead EveryMatrix’ technical development, provide technical direction and support the company’s business unit CTOs in achieving their objectives.
Ebbe Groes, CEO of EveryMatrix, said: “Working alongside Mihnea for the past eight years has been a pleasure from day one. His appointment as Group CTO is a logical progression, as the company thrives amidst exponential growth, boasting a workforce of more than 1,000 employees.
“His expertise will ensure the seamless management of operations, crucial in upholding the high service standards our customers demand.”
Mihnea Dobre, Group CTO, EveryMatrix, said: “Stepping into the role of CTO has me buzzing with excitement. This is not about the job title; it’s about diving into a world where tech meets real change.
“Taking on this role was a no-brainer – I jumped at the chance to make a difference with creativity and fresh thinking and am genuinely thankful for the trust given to me. I can’t wait to roll up my sleeves with the team, crafting the future one step at a time.”
The post EveryMatrix promotes Mihnea Dobre to Chief Technology Officer appeared first on European Gaming Industry News.
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