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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.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.Prominent pitfalls:Furthermore, the Gambling Commission figures showed that the gross July figure for online poker had experienced a 23% month-on-month tumble to roughly ￡9 million (....

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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. The regulator also detailed that the final gross gaming yield figure represented a year-on-year rise and was indicative of how the nation’s iGaming market is evolving ‘as the country continues to move out of full lockdown into the autumn months’. Aspire Global can now compete for any deal, big or small, that exists out there....

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Prominent pitfalls:Furthermore, the Gambling Commission figures showed that the gross July figure for online poker had experienced a 23% month-on-month tumble to roughly ￡9 million (. The data additionally exposed a comparative 25% plunge for aggregated eSports takings to approximately ￡2.Relative recovery:Although the periods may not be directly comparable, the Gambling Commission likewise pronounced that gross July gaming revenues for the United Kingdom’s collection of land-based betting shops thought to have grown by about 37% year-on-year to ￡62....

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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.2 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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