Esports Technologies, Inc. (EBET) is up 6.46% in the aftermarket. However, the last trading session closed at $ 28.18 with an increase of 2.18%.
Esports Business Summit Awards Finalist
On October 18 , EBET announced that it is nominated for the Tempest Esports Business Awards in 2021 for Industry Excellence. The company was nominated in the Innovative Use of Technology category for its real-time quota modeling and simulation system. The technology uses powerful automated algorithms to calculate odds and betting markets in real time for widespread sports betting. Each year, the Tempest Awards recognize the most creative companies and professionals in the esports sector. These awards are among North America’s top honors for companies, teams, leagues, players, and leaders who drive the competitive gaming industry.
Expansion by a third EBET office
EBET reports on 11th October 2021 that the company has built a new state-of-the-art office in Malta. Working closely with the Esports Technologies office in Dublin, the Malta facility will host the majority of Esports Technologies employees as well as direct European market operations. The additional office location will support Esports Technologies’ expansion in Western Europe, which includes the UK, Germany, France, Italy, Spain, Belgium, Denmark, the Netherlands and Ireland.
In addition, the existing offices in Las Vegas and Dublin are complemented by the branch of Esports Technologies Malta. The workspace will include an open floor plan with breakout areas. Finally, the office will also include a dedicated esports lounge with game consoles, a full kitchen and bar, and direct access to Balluta Bay from the terrace.
Acquisition of Aspire Global’s B2C business
On October 1st, EBET announced the acquisition of Aspire Global’s B2C business. The company closed a $ 9 million 58 deal to purchase Aspire Global PLC’s B2C business. In addition, the total value of the transaction is $ 46.3 million in cash, $ .7 million in borrower’s note and $ 5.9 million in common stock. Last but not least, the company plans to use multi-brand buying to cross-sell eSport betting options. This will increase esports sales, player betting transactions and customer numbers.
Strategic deal with Aspire Global and EBET
EBET announced on September 19, 2021 that Aspire Global has signed a strategic license agreement with Esports Technologies. This will bring the company’s patented odds modeling, market building, and trade feed into Aspire’s esports platform. As a result of this partnership, Esports Technologies can leverage Aspire’s solutions and managed services. In addition, Aspire Global is a major provider of B2B iGaming solutions with a strong technology platform, proprietary casino games, a proprietary sports betting provider and a games aggregator. Finally, Aspire also has a number of B2C brands, including Karamba, the company’s flagship B2B platform.
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