Aspire Global has affirmed its confidence in achieving its financial targets for the year, as well as ensuring that the firm stands in a good position as global industries continue to manage current uncertainties.
The ‘major step’ is also expected to provide the firm with a springboard on the US market following an initial agreement inked with 888casino in New Jersey, gaining more praise for its € 13.1 m Pariplay acquisition in aid of geographical expansion.
Following a 26 percent rise in sales for 2019 to € 131.4 million, Aspire Global CEO Tsachi Maimon commented: “Aspire Global has been profitable since its foundation in 2005. That, in combination with our strong cash position and ability to generate cash, makes us confident about the continued execution of our growth strategy. Our broad market presence and product offering give us a solid ground for sustainable profitable growth.
“We will continue to enhance our multi-vertical offering while maintaining the search for M&A-opportunities, supported by our strong balance sheet. We are confident in our ability to meet our financial targets for 2021, €200m in revenues and €32m in EBITDA.”
Touching on growth strategies for the upcoming time, Aspire seeks collaboration with organisations that “have a strong local presence but lack experience in igaming, such as media and online marketing companies.”
It’s said this would allow for “companies to own and market igaming sites in their domicile without a license or any operational or technical expertise. Instead they can concentrate entirely on generating traffic.”
In addition, Aspire is also planning in the Netherlands for the upcoming regulation and is finalising the changes requested by the regulator, Kansspelautoriteit.
The Dutch Remote Gaming Act passed the Senate of the country in February 2019 and is scheduled to come into force on January 1 2021 with an estimated long-term tax rate of 29 percent on gross gaming revenue for licensees.
Aspire states that there has been enhancement to ensure the correct infrastructure and versatility for various business environments and future integrations.
Sustainability has also remained a key priority for the time ahead, building on innovations so far enjoyed such as setting up a sustainability committee to highlight the value of a strong, group-wide emphasis on sustainability.
Carl Klingberg, chairman of the board explained: “Aspire Global welcomes regulations as they provide equal conditions and transparency. As a supplier of the igaming fundament, ie the platform, services and content, Aspire Global has a wide impact on the industry as a whole and must keep sustainability top of the agenda, well integrated in the daily business.
“To us, sustainability is mainly a question of responsibility: actively and credibly ensuring that our business doesn’t attract a vulnerable audience, promotes unhealthy gaming behaviour or condones criminal activity. This is our promise to players, partner operators and the communities where we operate, as well as investors who seek sustainable investments.
“We believe it is through correct segmentation, balanced marketing, effective gaming tools and proactive support that we can best help players to maintain sustainable consumption patterns based on their original intentions. Similarly, we are convinced that this strategy is the sustainable way forward, both operationally and financially.”
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— Aspire Global (@aspireglobalplc) April 9, 2020