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NeoGames makes bid to acquire Aspire Global for SEK 111 per share – European Gaming Industry News

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NeoGames, the global leader of iLottery solutions and services, has made a bid to acquire Aspire Global, the leading supplier of gaming solutions, for SEK 111 per share.

On 17 January 2022, a public tender offer was made by NeoGames S.A to the shareholders of Aspire Global to tender all their shares in the Company to NeoGames for a consideration consisting of a combination of cash and newly issued shares in NeoGames . Aspire Global’s main shareholders, who in aggregate own shares corresponding to 66.96% of all shares and votes in Aspire Global, have entered into irrevocable undertakings that enable the other shareholders in Aspire Global to tender their shares to NeoGames and receive 100 percent cash consideration corresponding to SEK 111.00 per share tendered in Aspire Global representing a premium of 41% compared to today’s closing price of SEK 78.5 for Aspire Global’s share.

This value of the company is between 500-600 million US Dollars.

For the shareholders who elect to receive 100 percent of the consideration in cash, the Last Twelve Month (LTM) EBITDA multiple) would be 16.8x which compares very favorably to the comparable multiples in the space.

For those shareholders electing to take the mix of equity and cash on a 50:50 basis, the EV/EBITDA multiple will be 13.6x due to the proposed share price ratio which, whilst a lower multiple, also compares well to industry comparables. The latter option will be subject to change based on the movement of NeoGames share price pre closing of the Offer.

The synergies between the companies expend more the control in the value chain of gaming and lottery and will allow the group to become a true online leader in regulated markets.

NeoGames will gain access to Aspire Global proprietary products and world leader in the managed services offering, also to big volumes in regulated markets such as Europe, Latin America and Africa.

Aspire Global will be able to accelerate its US entry plans through the existing presence of NeoGames.

Aspire Global will continue to act independently and as an iGaming division in the whole group.

All the employees are expected to continue as usual in both Aspire Global group and NeoGames.

Tsachi Maimon will remain as the CEO of Aspire Global group and will be appointed to be the president of the NeoGames group.

Tsachi Maimon, CEO Aspire Global:

“Aspire Global is a high quality, leading supplier with a one stop shop in the regulated gaming industry. Following the acquisition of Btobet, Pariplay, the recent investment in bingo and the divestment of the B2C division and now this potential merger with NeoGames, we will create a leading global supplier for the entirety of the iGaming and iLottery space overnight. I strongly believe that the two companies are well matched with a solid cultural connection forged over many years of working together which will facilitate meaningful revenue synergies. The deal will allow us to leverage NeoGames’ presence in the U.S. to grow even further in this market whilst continuing to roll out new products and support the growth of our regulated clients in Europe, Latin America, Africa and North America. Setting aside the value creation from a financial perspective, both NeoGames and Aspire Global will be able to offer a state-of-the-art enhanced gaming solution as well as supporting growth for existing and new clients. This is an exciting new chapter for my management and employees as we look to lead the space with high quality and innovative products”

Moti Malul, CEO NeoGames:
“This is a highly strategic and transformational transaction for NeoGames that represents perhaps one of the more important milestones for us as a company. We believe that the combination of our two very successful companies will create a leading global provider across all forms of online lottery, sports betting and gaming that would have significant global active presence in many key markets. As a pure-play iLottery provider, we have experienced first-hand the strong convergence and expansion trend of lotteries in many countries globally into online gaming verticals and we believe that with this transaction we will become an even better strategic partner to our existing and future customers. We are excited to also be able to become a leading global provider to regulated gaming operators through the vast experience and product set that Aspire Global brings to our combined entity, together with profound operational experience which is a crucial success factor. The strong ties and cultural fit between the companies, where significant parts of our management teams have worked together and cooperated along the years, provides a great platform for future collaboration and success”

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Brazilian CS:GO player slams quality of practice in North America

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Just days after winning the $20,000 CBCS Invitational 2022 in Brazil over 00 Nation, paiN Gaming have traveled back to North America to play their last matches before the player break. Rodrigo “biguzera” Bittencourt, paiN’s No. 1 star, is not happy at all to practice again with NA teams, though.

“How I missed practicing in NA,” biguzera ironically said today. “[Practicing in] Brazil is a thousand times better than here. Now I see why this region [NA] is so successful,” biguzera added, calling out how the NA players have been practicing.

Biguzera is not the first and likely won’t be the last player to complain about the quality of CS:GO practice in NA. This has historically been a concern in the region and the practice only got worse after the COVID-19 pandemic because several organizations stopped investing in the competition and almost all relevant tournaments shifted to Europe, which forces the only few good teams from NA like Team Liquid to spend most of their time practicing in Europe to have a chance of winning such big tournaments.

This is also the overall perception in Brazil as well. Most of the Brazilian teams move to NA to attend NA leagues and try to qualify for big tournaments, but with the practice being so bad nowadays, it’s unclear if that is the best approach for Brazilian teams. One of biguzera’s fans asked him if paiN could not move to Europe because they will “unlearn” how to play CS in NA.

The quality of practice in NA won’t likely change anytime soon unless organizations try to nurture talent in the region like Evil Geniuses is doing with its Blueprint project and tournament organizers invest in the grassroots scene.



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Uncrowned king steps down: Ame takes time off from Dota 2 as LGD begins huge rebuild

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Ame, one of the most respected position-one players in the Dota 2 world, revealed that he’ll be taking time off from competitive play today. The news came as a surprise for fans, as PSG.LGD has been one of the most consistent teams in the game’s history.

With even an Aegis in their collection, LGD has been placing top six at The International since 2017. Ame has been a core part of that success since he was recruited from CDEC Youth.

Ame has been a constant in multiple iterations of the LGD roster, which were all one step away from greatness. Ame fell one step short of lifting the Aegis twice in his career, running up in the event in 2021 and 2018 while securing the top four in the remaining ones except for TI11.

Though placing fifth in the most prestigious Dota 2 event of the year is an accomplishment of its own, TI11 marked the worst result for LGD in the event since 2017. Knocking on the door of success this many times only for the door to remain closed can take a toll on players’ mindset toward the game, and it looks like Ame is looking for a complete refresh with this break.

“We’re following the player’s wishes and respecting his personal development needs,” LGD said. “Ame’s status is inactive, temporarily away for rest.”

Ame’s future is currently unknown, but he seems to have the full support of LGD no matter what he decides. Considering Ame has been competing at the top of the Dota 2 mountain for six years now, this is a well-deserved break for the Uncrowned King who fans hope to finally crown when he returns from his break.

With a pillar removed from its roster, LGD only remains with two members in its active squad, NothingToSay and y’, opening the door for a major rebuild.

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The Second Phase of Fasttoken’s Private Sale is Open – European Gaming Industry News

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Following on its successful presence in a number of Central European regulated markets, Tom Horn Gaming has agreed a content integration agreement with yet another betting and gaming operator giant in the region, Fortuna Entertainment Group.

In Romania Fortuna operates two brands – fortuna.ro and casapariurilor.ro – and players of both sites can now enjoy a selection of carefully picked games, which include the supplier’s all-time favourite slot 243 Crystal Fruits as well as the top performers The Secret of Ba and Sherlock. A Scandal in Bohemia.

Commenting on the latest content alliance, Ondrej Lapides, CEO at Tom Horn Gaming said: “Fortuna is one of the strongest brands in Central Europe and we’re delighted to have joined forces with them as this collaboration will further expand our footprint in the region. The Romanian operation is the first market where we launch our games with the operator and we’re sure to capitalise on our expertise and exquisite knowledge of player preferences in the region in order to contribute to increased player retention and overall revenue growth.”

Stanislav Sopko, Group Head of Product & Channel Management at Fortuna Entertainment Group added: “Tom Horn has built a reputation for creating slots that resonate well with Central European players. Offering the supplier’s titles to our customers is a huge boost to our casino portfolio. We believe this deal will lead to a long and successful partnership that will generate impressive growth for both of our companies, whilst providing highly engaging and entertaining content to our players.”

With the Fortuna link-up, Tom Horn Gaming continues to maintain its commercial growth trajectory in Central and Easter Europe, where their games are particularly popular among players.

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