Aspire builds Q1 momentum through regulated market focus

first_img Svenska Spel delivers on social mandate despite COVID-19 impacts July 20, 2020 Share StumbleUpon Cross-party MPs call for gambling overhaul in new report June 16, 2020 Aspire Global said it is focusing more on locally regulated and taxed markets as it posted Q1 2020 revenues of €33.7m, up 1.5% from the same period of 2019.The company confirmed that EBITDA during the period had decreased by 14.2% to €5.2m (Q1 2019: €6.1m), while EBITDA margin for January to March was 15.5%, almost three percentage points down from the corresponding period last year.However, the month-on-month results showed that revenues climbed by 4.6% from Q4 2019’s €32.2m, EBITDA was up from €4.4m and EBITDA margin two percentage points better than the final three months of 2019 (13.5%).The lower year-on-year EBITDA margin, said CEO Tsachi Maimon, reflected the company’s strategy of focusing on locally regulated and taxed markets where the margin on partner deals are lower. He explained that revenues from these areas are, over time, more sustainable and with less political risks.“The good growth and improved profitability in Q1 2020 from Q4 2019 are encouraging and prove our business model to be efficient with a strong offering,” said Maimon. “Revenues increased by 4.6% from Q4 2019 with a substantial profitability increase as the EBITDA margin grew from 13.5% to 15.5%. In the quarter we saw limited impact from the pandemic. “However, as a consequence of the pandemic, players choose online entertainment over land based, and in April total trading volumes increased to about €13.5m, which is about 20% higher than the average monthly trading volume in Q1 2020.“The world is going through challenging times during the pandemic. Early in the quarter we took proactive measures to reduce the health risks for the employees and to ensure business continuity. Thanks to a robust underlying business and dedicated employees, service levels remained high. “The impact from the cancellation of sports events was insignificant due to a limited exposure to sports and in Q4 2019 sports betting represented about 5% of total revenues. The sequential improvement is mainly due to a strong business momentum.”Maimon also highlighted a “swift adaption” to new regulatory requirements in regulated markets such as the UK, where revenues were significantly increased from Q4 2019.He explained: “It is encouraging to see that we have mitigated the impact in Q4 2019 from new regulatory requirements in markets such as the UK and from Q4 2019 revenues in the UK and Ireland increased by 35%. Compliance is on top of our agenda and we know that this is a key competitive advantage.”We also learned that Aspire’s B2B core platform, which accounts for more than 50% of revenues, signed three new partner deals and launched two new brands in Q1 2020, while a sport vertical was added to an existing partner.As of 1 January 2020, B2B – Games was added as a new sub segment to B2B reporting for Aspire to encompass revenues from Pariplay, the game aggregator and game studio which it completed the acquisition of in October 2019.Pariplay positively contributed to the profitability in the quarter, said Maimon, as EBITDA from the games segment amounted to €784 thousand with an EBITDA margin of 25.1%.Finally, Jesper Kärrbrink – former CEO of Mr Green and Svenska Spel – was appointed as Chairman of Pariplay in March 2020. Watch his keynote speech at last week’s SBC Digital Summit below:<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span> Svenska Spel becomes 2020 eHockey Championship sponsor August 18, 2020 Share Submit Related Articleslast_img read more

Scelzi, Todd storm Winternationals

first_imgThere was no such drama in Pro Stock, where Greg Anderson defeated Greg Stanfield,6.651 at 207.05 to 7.001 at 163.64 for his third win in the opener in the past four years. For good measure, it was the third consecutive win by Anderson on the famed Fairplex quarter-mile. In addition to back-to-back Winternationals, Anderson also won at last fall’s Auto Club Finals. “This track is magic for me,” said Anderson, whose string of three consecutive championships was snapped last year by teammate Jason Line. “It plays into our game plan, the 60- degree weather is right up the Pro Stock alley. “When it’s like this, the horsepower shows up and we use it all.” The two-hour late start, coupled with sun dancing in and out of the clouds and the late finish, changed the dynamics of the 47th annual event. The conditions produced some early upsets, most notably Joe Hartley taking out Top Fuel No. 1 qualifier Tony Schumacher in the opening round. In Funny Car, four qualifiers in the top half of the bracket were ousted, including the father-daughter duo of John and Ashley Force. In Pro Stock, there were three opening-round upsets. “When the rain came, it just changed things significantly,” said Jack Beckman, who lost to San Dimas’ Jeff Arend in the first-round of Funny Car. “Once you saw half the lower-qualified cars winning and once there was a pattern that got established in that right lane, it wasn’t necessarily a tune-up deal, it was a lane deal. “The higher-qualified cars switched over and for the rest of the round they won.” It was not a problem for Todd, last year’s rookie of the year. He ran 4.699 to defeat defending champion Melanie Troxel, 4.479 in eliminating Doug Kalitta and 4.473 in the semifinals against David Grubnic. Those runs, however, proved to be costly for the Skull Shine dragster owned by Evan Knoll. “It cost me $400,” Todd said. “I owe (crew chief) Jimmy Walsh a $100 each time I run a 4.40. It used to be a $1 for a 4.50, but I think the bonus I get will pay for it. “All those long hours during the off-season showed up tonight,” Todd said of Walsh’s work ethic. “We feel we can contend for the title.” Scelzi went to the starting line feeling his Oakley Dodge had nothing for Hight, who had a 4.646 against Arend in a semis victory. “We couldn’t match that, but we did not want to give it away,” Scelzi said. “We were looking for a 67 or 68.” Scelzi said he saw Hight pass him at 700 feet and the win light go on the opposite lane. “My crew came on and said I won because he had crossed,” Scelzi said. “I thought at first it was a dirty trick. We might have had two lucky runs, but our performance wasn’t luck.” Scelzi defeated Jim Head, Hight teammate Eric Medlen and Arend en route to the finals. louis.brewster@sbsun.com (909) 386-3865 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! POMONA – Neither rain nor darkness failed to deter J.R. Todd or Gary Scelzi from winning performances at the NHRA Powerade Drag Racing Series-opening Winternationals on Sunday. Todd, who began the day with three career-best Top Fuel runs to reach the finals, took out Brandon Bernstein for his fourth career victory. His run of 4.482 seconds at 324.98 mph was the slowest of the day, but it didn’t matter much as Bernstein lost traction 60 feet off the starting line. In the Funny Car finale, Robert Hight crossed the finish line first against Scelzi. It was a remarkable feat considering Hight crossed the center line and hit a timing cone at 1,000 feet, an automatic disqualification. Scelzi, only the third driver in the 47 years of Winternationals to win Top Fuel and Funny Car, was credited with a run of 4.716 at 332.26. The fact he got to the line was a testament to the Don Schumacher Racing team after Scelzi drove into a sand trap after a semifinal win against Mike Ashley. “Every single guy was working on the car, trying to get the sand out,” Scelzi said. “That was a lot of hard work. We got lucky against Robert. Sometimes you might get lucky early, but we got lucky in the final.” Hight was despondent. “I feel I let the team down,” he said. “They worked hard all winter to give me a great car, and all I had to do was keep it my lane and I would have won.” center_img The 24-year-old, who became the first African-American to win an NHRA professional class in 2006, has won four times in his last 12 races. In all, Todd has competed 20 times in the dragster. “It’s pretty surprising to myself,” Todd said. “I never expected it to happen as suddenly. Last year was a Cinderella season, but it wasn’t surprising to ourselves.” last_img read more