Entering the UK also adds geographic diversification to Esports Technologies’ revenue stream. Currently, the company’s gogawi.com sports wagering platform does the bulk of its business in Asia and Latin America. Esports Technologies accepts wagers on esports as well as traditional professional sports.<\/p>\n
In addition to landing the coveted UK market access, the Aspire Global transaction could pay dividends for Esports Technologies in other ways.<\/p>\n
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For the 12 months ending June 30, Aspire’s B2C arm generated $73.9 million in sales and was profitable, posting earnings before interest, taxes, depreciation and amortization (EBITDA) of $8.2 million. Wagering volume was $1.8 billion on that platform over that time.<\/p>\n<\/div>\n
Shares of Esports Technologies are down 34.13 percent year-to-date.<\/p>\n","protected":false},"excerpt":{"rendered":"
Shares of Esports Technologies (NASDAQ:EBET) are getting a lift after the company said it procured access to a UK gaming permit. COO Bart Barden calls the move a \u201cmassive strategic milestone.\u201d The provider of esports wagering platforms and related technologies is higher by almost three percent today. That’s after trading higher by more than five […]<\/p>\n","protected":false},"author":46,"featured_media":194340,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3312,33810],"tags":[],"acf":[],"yoast_head":"\n
Esports Technologies Says It's Getting A UK License<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n