Benzinga | Dec 7, 2021 03:09PM EST

Esports Technologies Obtains Access To UK Gaming License

* Esports Technologies Inc (NASDAQ:EBET) has secured access to a UK gaming license through an operator services agreement signed along with the $75.9 million acquisition of Aspire Global PLC's (OTC:ASPGF) B2C assets.

* Through the deal, Esports Technologies gained 1.25 million deposited customers, most of them from U.K.-focused online sportsbook and casino brands Karamba, Hopa, and Griffon Casino.

* Other brands acquired include BetTarget, Dansk777, and GenerationVIP. The brands recorded wagering of $1.86 billion and $183 million in cash deposits in the most recent 12-month period ending September 2021.

* "Gaining access to this UK gaming license is a massive strategic milestone for Esports Technologies," said COO Bart Barden.

* Price Action: EBET shares are trading higher by 0.96% at $24.22 on the last check Tuesday.