Aspire Global Reports Huge H1 2017 Results
The company recently released its H1 2017 results, showing strong growth in a number of key verticals.
Aspire Global is one of the world’s leading online casino platform providers. Over the last ten years, it has helped many of the world’s leading sites deliver exceptional products and experiences for players both in Canada and around the world:
The company recently released its H1 2017 results, showing strong growth in a number of key verticals. In addition, it continued to show a commitment to its longstanding legacy of looking towards the future for new opportunities as well as new partnerships within the industry.
Revenues Up Significantly
Year-over-year total revenues rose for the company by 9%, to €33.4m. Most significantly, there was an increase of 12% in B2B revenues, worth a total value of €16.7m.
One smudge on the record however was overall earnings, which declined from €5.4m, down €200,000 from last years €5.6m number. Aspire’s CEO Tsachi Maimon had this to say about the overall results:
“Both business segments had continued growth in deposits and revenues, especially the B2B-segment where previous year’s deals contributed significantly to growth and increase in profitability for the group as a whole.”
Earnings Drop Due To Heavy Investment
One of the reasons for continuing optimism despite the seemingly flatlined number is that much of the revenues were spent on increasingly investments and the creation of new assets:
“We launched five new brands and migrated four additional casino brands from two competing platforms to our own platform,” Maimon said. “These brands now operate at full capacity, demonstrating the strength of our platform, which is promising for similar events going forward.”
Aspire Global commands a huge reputation as one of the leading online casino platforms, so it’s not surprising to see the company reinvesting its profit in future innovations. The competition in the online casino industry is fierce, and players expect new experiences to be forthcoming all the time.
After such a strong H1, investors and analysis will be eagerly awaiting to see how these strategic decisions payoff in H2 and beyond.