Consolidation in online gambling. Will investors profit?

Consolidation in online gambling. Will investors profit?

Aspire Global — 4 videos in collection

The increasing average size of online gambling businesses is an established global trend. The total combined revenues of the five biggest operators now stands at $16.4bn, an increase of more than 300% over just five years. The market they serve has grown rapidly too with revenues up 70% over the same period, though the rate of increase is far slower. The considerable gap between these two growth rates suggests much of the major players’ growth is being driven by M&A.

With high demand comes high prices. B2B gaming provider Aspire Global paid around $15m for Pariplay in June 2019, a business that now has revenues of almost $25m. Meanwhile Kindred paid nearly $380m for Relax, which had reported nearly $30m in revenues in June 2021.

Are investors likely to benefit from this continued consolidation spree? In this video Russell Pointon, senior consumer analyst at Edison, and Tsachi Maimon, CEO of Aspire Global, discuss the market and its prospects.


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