NeoGames completes acquisition of Aspire Global


NeoGames announced that it has completed its previously announced tender offer to acquire Aspire Global plc, a leading B2B iGaming technology solutions provider to online sports betting and  casino operators. In total 99.31% of shares in Aspire Global have been tendered.

The expected  settlement date for shares tendered during the extension of the acceptance period is on or around  June 30, 2022. The shares of Aspire Global that remain outstanding will be subject to a squeeze-out  proceeding which is expected to be completed on or around August 11, 2022. 

“We are thrilled to complete this strategic transaction with the Aspire Global team, and to commence  working on identifying potential opportunities to capitalize on the merger of our platforms,” said Moti  Malul, Chief Executive Officer of NeoGames.

“With this transaction, we are combining our two  companies with a goal to create a leading global provider in interactive content, proprietary technology  as well as gaming operations, tapping into a potential total addressable market of $74 billion, according  to H2 Gambling Capital, which is estimated across all elements of iLottery, online sports betting and  iGaming verticals for 2021. We believe this strategic combination will generate long-term shareholder  value by synergistically capitalizing on the key strengths of our two companies and will help position NeoGames for expansion in new and existing markets.

By integrating our market-leading platform and  scalable position within the rapidly expanding global iLottery market, with Aspire Global’s proprietary sports betting platform, BtoBet; its iGaming content and aggregation platform, Pariplay; and its proprietary content and turn-key B2B Gaming solutions, NeoGames is well positioned to increase our addressable market opportunities, and further expand our services to our North American customers.” 

“We at Aspire Global are extremely excited to join the NeoGames team to execute on our mutual goals  following the completion of this transaction. We view this transaction is the natural next step for our  company, as we further enhance our scale and competitive position across all business lines,” said Tsachi Maimon, Chief Executive Officer of Aspire Global.

“We believe both companies are well  positioned to mutually grow our two platforms and execute on our strategic initiatives. Not only is this  a strategic fit, it is also a strong cultural fit, as significant parts of both management teams worked  together extensively during NeoGames’ inception.”