GoodLuckMate is reader supported. Learn more about how we make money
Aspire Global Set for Acquisition by NeoGames in a $480 Million Deal

NeoGames recently made public its plan to acquire Aspire Global’s shares. The top end-to-end online lottery provider put forward a $480 million offer to acquire 100% of Aspire’s shares. Both companies said in a statement the figure came about after valuing each share at $38.01.

Equity and Cash to Complete the Purchase Agreement

The offer placed by NeoGames intends to purchase Aspire Global’s shares through a combination of equity and cash. Details from the purchase agreement revealed half of the shares will be bought at a per-share price of $38.01. NeoGames will then purchase the remaining 50% through equity. This consists of new shares of up to 7.6 million. 

The Bid Committee at Aspire Global advised its shareholders to accept the offer. Something they did. Aspire Global’s shareholders irrevocably agreed to accept the purchase agreement. At least 67.0% of these shares are owned by the shareholders. 

They are the same shareholders who will receive 100% of the shares offered by NeoGames as consideration. This move will allow the rest of the Aspire Global shareholders to opt for cash instead of the cash/share agreement. As separate Aspire Global directors committee recommend shareholders accept the offer unanimously. 

NeoGames chief executive commented on the latest announcement by the company. Moti Malul expressed their thrill over the strategic purchase announcement. The official stated the move is part of the company’s goal to develop a leader in interactive iGaming, online sports betting, and iLottery. 

Integrating Aspire Global’s products such as BtoBet and Pariplay with NeoGames platform, the official expressed their confidence in increasing the company’s market opportunities. 

Aspire Global Set for Acquisition by NeoGames in a $480 Million Deal

Expanding its Presence in the US 

NeoGames has its eyes set on expanding its presence in the global market. The US is of specific concern where it already enjoys plenty of success. The iGaming company is already present in Michigan, North Carolina, New Hampshire, and Virginia. Other jurisdictions the company is already seeking approval to operate in include:

  • Missouri
  • Alaska
  • Oregon
  • Massachusetts
  • Ohio
  • Maryland
  • Connecticut

This latest purchase agreement is a shot in the arm for NeoGames in its expansion strategy. BtoBet is the biggest beneficiary, especially after its integration with over the 2021 summer to put further focus on the US market. 

Aspire Global boasts plenty of success over recent years. And the CEO agrees. Tsachi Maimon acknowledged the company has a productive journey, with the recent transaction termed as a natural progression for Aspire. Maimon further added the company’s goal remains to offer extended value for its shareholders. 

The CEO also sees NeoGames as a cultural fit apart from the strategic benefit it presents. This is because a big chunk of the members on both teams worked together to start NeoGames. 

Share on
Nerijus Grenda
Nerijus Grenda
Published: 04 Feb 2022
Updated: 13 Mar 2023
Nerijus Grenda is a prolific contributor to the GoodLuckMate site. With a deep understanding of the online casino industry, gained from his own experience as an avid player, he offers valuable insights on what sets the best casinos apart from the rest. As a writer, Nerijus shares his expertise through expert analysis and thoughtful commentary on various topics related to online gambling, including casino reviews, game guides and industry trends.

Read more news


Stay up to date on all the latest news by subscribing to our newsletter. New subscribers get 150 free spins with no deposit required!

info Country restrictions may apply