Aspire Global withdraws from Australian market

Business News

Aspire Global withdraws from the Australian market following new gaming legislation.

Australian authorities have voted for an amendment of its current gaming legislation driving Aspire Global to withdraw from the market.

Following new market conditions, Aspire global has decided to withdraw from the Australian market. The Australian market accounted for 8% of the company’s total revenue in the second quarter.

“We regret having to leave a market, however, we expect to compensate for the lost business through intensified efforts in other regions. Consequently, we don’t expect this to affect our long-term financial targets.” says company CEO Tsachi Maimon.