Aspire Global withdraws from the Australian market following new gaming legislation

Australian authorities have voted for an amendment of its current gaming legislation driving Aspire Global to withdraw from the market.

Following new market conditions, Aspire global has decided to withdraw from the Australian market. The Australian market accounted for 8% of the company’s total revenue in the second quarter. 

“We regret having to leave a market, however, we expect to compensate for the lost business through intensified efforts in other regions. Consequently, we don’t expect this to affect our long-term financial targets.” says company CEO Tsachi Maimon.

For further information, please contact:  

Tsachi Maimon, CEO, Tel: +356-79777898 or email: tsachi@aspireglobal.com 

Motti Gil, CFO, Tel: +972-73 372 3154 or email: mottigi@aspireglobal.com 

About this information 

Aspire global discloses the information provided herein pursuant to the Securities markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication by the contact person above at 16:00 pm (CET) on September 12th, 2017.

About Aspire Global
Founded in 2005, Aspire Global offers a full-service iGaming solution for operators and white labels.  The robust, market-leading platform includes a complete suite of services for casino and sportsbook, such as multilingual CRM, payments and risk control, support call center, VIP management and acquisition optimisation. Aspire Global also holds licences in regulated markets including the UK, Denmark, Belgium, Italy and Malta. The company share is listed on NASDAQ First North Premier under ASPIRE. Certified Adviser: FNCA AB, Sweden. Please visit Aspireglobal.com