Aspire Global reviews role of B2C segment within its group structure

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Segment, which comprises well-known European online casino brand Karamba alongside other local proprietary brands, reported record revenues in Q4 2020

Leading igaming provider Aspire Global has announced a review of its B2C segment. The review will assist the company to focus on its growing B2B ambitions and its market- leading technology, while also accelerating the B2C’s revenue growth and reinforcing the record high revenues it achieved in Q4 2020.

The announcement follows the release of Aspire Global’s Q4 and FY 2020 results on 18 February, with the company reporting record high revenues of €161.9m for 2020 and a record group EBITDA of €27.1m. Aspire Global also announced an increase on margins of 16.7%, exceeding consensus expectations.

Aspire Global will provide more information about the outcome of the review in a timely manner.

Commenting on the review, Tsachi Maimon, CEO of Aspire Global, said: “We are very pleased with the growth and results recently recorded by the business’ B2C segment, but we think a review will assist us to better assess our options to further accelerate our growth. Such a move could help improve Aspire Global’s overall margins and EBITDA and potentially help us accelerate new B2B initiatives and enter fresh markets. Overall, we are well positioned to capitalise on the array of opportunities available to us in the global, fast-growth igaming industry.”

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