Targeting Asian Market

The logo of Aimhigh Global.
The logo of Aimhigh Global.

 

Aimhigh Global Co. announced that it has become the largest shareholder of the sports betting company Spolive, securing the management rights.

Spolive operates a social sports betting platform that allows users to bet on sports results via social media networks such as Facebook and Kakao Talk. The company said that it will establish a platform combing social casino games and social sports betting as ME2ON, No.1 mobile social casino game developer and operator in Asia, has become the second largest shareholder on the 12th.

In fact, the sports betting market is growing and expanding in diversity from Europe and North America to Greater China and Southeast Asia, along with casino business, and it is expected to have an explosive growth as social casino is rapidly growing. The domestic sports gaming market is estimated at 30 trillion won (US$26.53 billion) and all eyes are on its growth potential.

Aimhigh said, “Currently, the sports betting game market based on game money is getting activated all around the world, together with app-based social casino games. In particular, the demand and the market size of sports betting in Vietnam, Malaysia and the Philippines is expected to rapidly increase.”

Aimhigh CEO Wang Xue said, “Securing the management rights of Spolive as the largest shareholder, we are seeking to push into the markets of Greater China and Southeast Asia first. Aimhigh will have the leadership in the sports betting market through the plug-in with various social casino games.”

 

Copyright © BusinessKorea. Prohibited from unauthorized reproduction and redistribution