The eSports betting market is booming. Right now, the industry is worth about $12.67 billion. By 2027, according to a report from Valuates Reports, it could be worth up to $20.73 billion. Even better, according to SNAPPOW.com, “With the boom of eSports games and increasing viewership, we can expect steady growth in this market. With more states legalizing online gambling, expect to see an increase in demand for various eSports-based online games. This will mark the rise of eSports as mainstream and as a more appropriate source for betting.” That could be a big catalyst for companies such as Esports Technologies Inc. (NASDAQ:EBET), GAN Limited (NASDAQ:GAN), Caesars Entertainment Inc. (NASDAQ:CZR), MGM Resorts International (NYSE:MGM), and Roundhill Sports Betting & iGaming ETF (NYSE:BETZ).

Look at Esports Technologies Inc. (NASDAQ:EBET), For Example

Esports Technologies Inc., a leading global provider of award-winning advanced esports wagering products and technologies, announced today the successful closing of its acquisition of Aspire Global’s (STO: ASPIRE) B2C business for $75.9 million.

Under the terms of the deal, Esports Technologies has now closed on the acquisition of Aspire’s portfolio of B2C proprietary online casino and sportsbook brands, including Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, and GenerationVIP. Additionally, Esports Technologies secures gaming licensing in Tier 1 regulated markets including the United Kingdom, Germany, Ireland, Malta, and Denmark.

Strategically, Esports Technologies plans to leverage the increased market access from the multiple-brand acquisition to cross-sell esports wagering opportunities to increase its esports revenue, player bet transactions, and customer base.

In the most recent 12-month period ending September 2021, Aspire Global’s B2C revenue was $78.3 million and its EBITDA was $7.9 million, a 43% and 30% gain over the same period in the prior year, respectively. During the same period, the B2C business recorded wagering of $1.86 billion and $183 million in cash deposits from 1.25 million customers.

Aspire Global will serve as the back-end provider for the acquired B2C brands, ensuring operational continuity, and will offer Esports Technologies wagering products on its platform.

Aaron Speach, CEO, Esports Technologies, said, “Acquiring Aspire Global’s portfolio of innovative B2C brands, access to new markets, and its 1.25 million deposited customers is a strategic leap in our journey to become a world leader in esports wagering. We look forward to our partnership with Aspire as we continue to scale.”

Tsachi Maimon, CEO of Aspire Global, said, “Esports Technologies has rapidly established itself as one of the foremost innovators in esports wagering. Acquiring the world-class B2C portfolio we’ve built will further expand their reach in this skyrocketing global market.”

A conference call is set for Wednesday, December 1 at 4:30pm EST, discussing details of the closed acquisition. A link to the call will be available on the Esports Technologies’ Investor Relations page at https://esportstechnologies.com/investor-overview.

Other related developments from around the markets include:

GAN Limited, a leading full-service internet gaming software-as-a-service provider to the real money internet gaming, online sports betting, and simulated gaming industries, announced that its Board of Directors has authorized a share repurchase program which permits the Company to purchase up to an aggregate of $5 million of its ordinary shares on the NASDAQ Capital Market. Share repurchases under the new authorization may begin immediately and the program will expire on May 31, 2022.

Caesars Entertainment Inc. announced the signing of the Mannings in a historic first-of-its-kind partnership between a sports betting company and an iconic sports family. Part of Caesars Entertainment, Inc., Caesars Sportsbook welcomes Archie, Peyton, Eli, and Cooper Manning to join the empire as Caesars Sportsbook expands across the country. "This isn't the typical partnership between a sports betting company and major talent," said Chris Holdren, Co-President of Caesars Digital. "We're welcoming the most acclaimed family in football history to be integrated holistically into the Caesars family. Archie, Peyton, Eli, and Cooper are extraordinary people who are champions of their communities and we're honored to partner with such a prestigious group of individuals."

MGM Resorts International’s BetMGM announced a multi-year marketing partnership with Madison Square Garden Sports Corp. and Madison Square Garden Entertainment Corp., naming the sports betting and gaming entertainment company an Official Sports Betting Partner of the New York Knicks, New York Rangers and Madison Square Garden Arena. “We’re excited to be partnering with BetMGM - a leader in the sports betting and gaming entertainment industry – to bring them an unparalleled platform in sports and entertainment,” said Ron Skotarczak, Executive Vice President, Marketing Partnerships, MSG Entertainment. “MSG Sports and MSG Entertainment are made up of world-renowned brands that set industry standards for excellence, exposure and engagement– making us ideal partners to help drive sports betting’s continued growth.”

Roundhill Sports Betting & iGaming ETF is the first index globally designed to track the performance of the sports betting and iGaming industry. The Index consists of a tiered weight portfolio of globally-listed companies who are actively involved in the sports betting & iGaming industry. This classification includes (i) companies that operate in-person and/or online sports books (ii) companies that operate online/internet gambling platforms and (iii) companies that provide infrastructure or technology to such companies.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Esports Technologies Inc.by Esports Technologies Inc. We own ZERO shares of Esports Technologies Inc. Please click here for full disclaimer.

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