London, United Kingdom
Inspired is a global games technology company, supplying Virtual Sports, Interactive Gaming and Server Based Gaming systems with associated terminals and digital content to regulated lottery, betting and gaming operators around the world. Inspired currently operates over 30,000 digital gaming terminals and supplies its Virtual Sports products through more than 40,000 retail channels and over 100 websites, in approximately 35 gaming jurisdictions worldwide. Inspired employs more than 650 employees in the UK and elsewhere, developing and operating digital games and networks.
Inspired Videos and Product Demos
Inspired's Virtual Sports and Interactive Casino Games to Be Available in Canada During First Half of 2019
NEW YORK, March 7, 2019 /PRNewswire/ -- Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE) today announced that it has signed a
multi-year contract with the British Columbia Lottery Corporation ("BCLC") to provide its award-winning scheduled and on-demand Virtual Sports as
well as its best-in-class Interactive casino content. Inspired content will be enabled for players in British Columbia and Manitoba in the first half of
"Our North American strategy is a key priority for Inspired and this partnership with BCLC is indicative of the progress we are making on this strategy,"
said Brooks Pierce, President and Chief Operating Officer of Inspired.
Claire Osborne, Vice President of Interactive for Inspired, added, "BCLC delivers a seamless customer experience across channels and touchpoints
and we're delighted to be working with them to introduce our award-winning, differentiated content to the Canadian market."
BCLC conducts and manages gambling in British Columbia, including casino, lottery, bingo and sports betting, through multiple channels of
distribution. PlayNow.com is BCLC's secure, regulated online and mobile channel, with a growing selection of lottery games, sports betting, slots,
table games and bingo entertainment. BCLC also provides online gaming services and web-based and mobile platforms to the Province of Manitoba
through an operating contract with Manitoba Liquor and Lotteries.
New York, January 28, 2019 - Inspired Entertainment, Inc. (“Inspired”) (NASDAQ: INSE) today announced the products that it will showcase at ICE London 2019, demonstrating what makes Inspired “Essential Entertainment”. Whether Virtual Sports, Server Based Gaming or Interactive, Inspired brings engaging and creative content and solutions that are proven performers for regulated operators globally.
Virtual Sports have become a necessity for regulated operators around the globe. Virtual Sports create continual streams of betting content and a higher frequency complement to real sports betting. The ease and simplicity make Virtual Sports accessible to both novice and experienced players, and the fast-paced action appeals to that hard-to-reach millennial demographic.
As the pioneer of Virtual Sports, Inspired has recreated the action of the world’s most popular sports for more than 15 years. This year, ICE visitors will be in awe of the award-winning visual effects at Booth #S2-310. There you can see Inspired’s most popular products, such as Rush Football® and Virtual Horse Racing, as well as its most recent launches, including 1st Down™ Football and Virtual Grand National.
And the magic of Virtuals keeps getting better. At this year’s ICE, Inspired will be introducing the latest Virtual Sport to join its line-up. Its groundbreaking new Virtual Basketball game, using the latest in motion capture technology, brings Virtual Sports to a new level of realism, delivering an experience and not just a game.
SERVER BASED GAMING
With more than 33,000 video lottery terminals (“VLTs”) installed, Inspired is a leader in server based gaming, outperforming competitors in key jurisdictions throughout Europe. ICE visitors will be able to see firsthand Inspired’s strong suite of customized content, which is GSA compliant for private or government operators.
In keeping with the theme of new product releases, Inspired will also be introducing a new server based gaming cabinet at ICE. The Valor™ cabinet boasts striking dual 27” ultra-high definition floating screens that deliver a unique and immersive player experience. Built-in screen frame lights offer enhanced front-facing contextual lighting and rear-facing ambient lighting. This cabinet also supports open standard G2S VLT protocol. Valor serves every type of player, allowing visitors to play the core slot games and blockbuster multi-bonus games. Valor will not only provide new player experiences for existing customers but will also take Inspired into new jurisdictions with specific content developed for North America and Europe.
With the proliferation of online gaming and lottery, the ability to leverage top performing game titles and award-winning Virtual Sports content online and on mobile devices worldwide has made Inspired’s Interactive business a great growth driver for customers. Visitors to this year’s ICE London will see a wider portfolio of top-performing Interactive content available across major regulated jurisdictions, with more than 60 slots, table and virtual on demand games. Inspired’s display will include its brand new Plug N Play™ solution, a complete end-to-end online Virtual sportsbook product that allows operators to access Inspired’s award-winning scheduled Virtual games with minimal integration effort and rapid speed-to-market.
With more than 33,000 visitors, ICE is the world’s biggest and most international gaming technology event, and a great opportunity to communicate the strength and breadth of Inspired’s product offerings, demonstrating why Inspired is “Essential Entertainment”.
State Lottery first to go live with IWG and Inspired Entertainment-developed game
LONDON and NEW YORK, Jan.30, 2019 /PRNewswire/ -- IWG, the award-winning supplier of online, instant-win games, and Inspired Entertainment (INSE), a world leader in virtual sports, have delivered a new Instant-Virtual Football game, Endzone Payout, to the Michigan Lottery.
Launched ahead of the weekend's big game, Michigan is the first to roll out this brand-new vertical for North American lotteries.
The sports-themed virtual scratch ticket uses a video clip of a single football play as an exciting way to reveal the outcome of a simple symbol match lottery game.
Endzone Payout is a result of an innovative collaboration, which involves IWG leaning on its expertise to create unique and engaging instant win games that feature Inspired's award-winning ultra-realistic Virtual Sports graphics.
Shannon DeHaven, Deputy Commissioner of Digital Operations at Michigan Lottery, said: "We feel confident that the launch of this brand-new style of sports-themed digital instant ticket game will appeal to both our existing player base and new players."
Rhydian Fisher, IWG CEO, said: "It's exciting to see our first U.S. lottery customer go live with one of the most inventive games to hit the North American lottery market in recent times. Endzone Payout is the type of game that combines the best of instant win mechanics and virtual sports animations into an easy-to-understand concept."
Brooks Pierce, President and Chief Operation Officer at Inspired Entertainment, said: "We are very proud of this entertaining and engaging new product for lotteries and happy to launch it for the first time in Michigan. We look forward to seeing how this product supports the Michigan Lottery's mission of raising revenues for public education."
IWG has provided a full online instant win service to lotteries for more than 15 years, producing more than 250 high quality instant win games.
Inspired has more than 15 years of visual effects experience and has been the EGR Virtual Sports Provider of the Year for the past three years. Inspired's life-like games appeal to a new player genre, providing fun betting options and exciting new ways to reveal the win.
IWG is a world leader in supplying online, instant-win games to lotteries and commercial brands and platforms in the online gaming industry. It has over 15 years' experience of making top selling, high quality instant-win games and the strategic know-how to make them work.
IWG has launched over 300 games that perform consistently at the highest level, engaging and retaining players while driving excellent results for customers. It has the knowledge to deliver a winning portfolio of games, the experience to make it grow and the sales figures and data to back this knowledge up.
IWG delivers an end-to-end solution covering all aspects of game development and portfolio management and a Remote Game Server (RGS) delivering content in multiple regulated jurisdictions from data centres in the UK, Gibraltar, Canada and North America. It has a broad library available via the RGS with games covering many proven themes and mechanics that can be developed into an ideal offering for a partner's instant win portal.
NEW YORK, Jan. 29, 2019 /PRNewswire/ -- Inspired Entertainment, Inc. ("Inspired") (INSE) today announced that its subsidiary Inspired Gaming (UK) has signed a multi-year extension to provide its scheduled Virtual Sports online to bet365, the world's largest online sports betting company with over 35 million customers worldwide. This new contract includes the provision of four additional streams of Virtual Sports content on bet365's interactive platform and a roadmap of new content for 2019.
bet365's interactive platform currently includes Inspired's Horse Racing, European Football (soccer), Greyhounds, Speedway, Tennis, Motor Racing, Trotting, and Cycling, with two additional streams - Virtual Darts and Cricket – having launched in early January, and Rush Horses Sprints 2 and Rush Dogs 2 upgrades slated for later this quarter. In addition, Inspired will deliver new content throughout 2019.
Simon Betteley of bet365 said, "Innovation and technology are the lifeblood of our business and Inspired has always impressed us with their ultra-realistic and engaging games. Our customers have enjoyed the 'Virtual Sports experience' and we are excited to introduce additional channels and new products in 2019."
"It is an honor to renew our contract with bet365, an instantly recognizable and trusted brand, and we are thrilled to extend and expand our relationship," said Steve Rogers, Chief Commercial Officer of Virtual Sports at Inspired. "bet365 really knows what its customers want and we look forward to delivering new content throughout the contract."
New York, December 13, 2018 - Inspired Entertainment, Inc. (“Inspired”) (NASDAQ: INSE) today
announced the first retail launch of their newest virtual horse racing product ‘The Virtual Grand
National’ with Paddy Power Betfair plc. across the bookmaker’s full retail estate of over 620 stores in
the UK and Ireland.
Paddy Power are the first operator to go live in retail venues with The Virtual Grand National, an
official licensed product with The Jockey Club featuring a full recreation of the iconic Aintree
racecourse. The Virtual Grand National is displayed on Paddy Power TV, alongside real live racing,
as a featured event where customers can place their bets in venue with new events approximately 10
times a day.
The Virtual Grand National provides new betting opportunities, larger prizes, and all the thrills and
spills of the world’s most famous steeplechase presented in the latest cutting-edge graphics and
“Paddy Power is a great partner and a long-time valued customer,” said Steve Rogers, Chief
Commercial Officer of Virtual Sports at Inspired. “We are very proud of the final product and hope
that Paddy Power customers will enjoy being able to experience the excitement of the Grand National
all year round.”
Every year, one in four Britons bet on the Grand National, the world’s most famous and prestigious
horse race, which attracts over 600 million viewers, making it one of the most watched televised
sporting events of the year.
For the last two years running, Inspired has teamed up with ITV and Carm productions for a broadcast
of The Virtual Grand National. With Inspired’s Virtual Horse Racing engine as the centerpiece, the
show attempts to predict the winner of the Grand National using mathematical algorithms.
NEW YORK, Dec. 3, 2018 /PRNewswire/ -- Inspired Entertainment, Inc. ("Inspired") (INSE) today announced a new contract with the Danish National Lottery, Danske Spil, to supply its award winning Virtual Sports content to retail venues operated by Danske Spil across Denmark.
Inspired launched in Denmark in November with scheduled Virtual Sports products, including Rush Football Matchday™, across multiple dedicated channels of Virtual Sports content. These virtual events are streamed to venues via the latest streaming technology which removes the requirement for in-venue graphics PCs.
"I'm delighted to announce this strategically important deal with Danske Spil," said Steve Rogers, Chief Commercial Officer for Virtual Sports at Inspired. "Inspired is proud to be affiliated with World Lottery Association members throughout the world, and the opportunity to supply our leading Virtual Sports to Danske Spil retail venues is an exciting one for our business."
Rogers added, "We are confident that products such as Rush Football Matchday™ will prove extremely popular with Danske Spil customers. Rush Football Matchday™ has recently launched in Italy to great success and we believe that we will see similar receptivity in Denmark."
"At Danske Spil we very much look forward to offering Inspired's Virtual Sports to our retail customers," said Jens Nielsen, Sports Betting Director at Danske Spil. "We pride ourselves on delivering entertaining games and a premium customer experience, and we're confident that these new products will not only bolster our existing portfolio, but also impress players with their ultra-realistic graphics and entertainment value."
NEW YORK, Nov. 13, 2018 /PRNewswire/ -- Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE) today announced a worldwide exclusive contract to provide both its scheduled and on-demand virtual sports online to BetStars, the international online sports betting brand of The Stars Group Inc., one of the world's largest online gaming operators.
Inspired will initially be launching with its popular Rush Football 2® on BetStars.com, which offers a wide range of popular and specialist betting options, promotions and exclusive products across dozens of sports and specialty offerings. Rush Football 2® is a remarkably realistic virtual football (soccer) experience, created using advanced motion capture techniques and has become a world leading virtual football (soccer) product. The game will be available online and on mobile and tablet.
"I'm delighted to announce this exclusive deal with BetStars," said Steve Rogers, Chief Commercial Officer – Virtual Sports at Inspired. "The Stars Group is a powerhouse in the online and mobile betting industry. This agreement gives us the ability to appeal to one of the largest base of players around the world."
With 15 years of visual effects experience, Inspired's Virtual Sports create a life-like form of simulated sports betting overcoming the relative infrequency of live sporting events on which players can wager. Virtual Sports appeal to a new player genre, providing fun betting options and more chances to win, with schedules and margins that are fully operator configurable.
Xpress Sports, as branded by the Pennsylvania Lottery, launched on August 14, 2018, as part of an integration with the Pennsylvania Lottery's central gaming system provided by Scientific Games Corporation (SGMS). Scheduled Virtual Sports events are displayed in a mixture of retail venues and bars and taverns throughout Pennsylvania via two dedicated channels every five minutes throughout the day. The Xpress Football and Xpress Car Racing products have been designed by Inspired specifically for lottery players and the launch includes the first incarnation of Inspired's new football game for US customers which was launched at G2E 2017 to industry acclaim.
Pennsylvania is the first major US lottery to launch Inspired's Virtual Sports, offering players a new way to play and win with ultra-realistic games containing high-quality graphics and animation.
"Following Keno's very strong start, we expect that our Xpress Sports games will also be a big hit with our players," said Pennsylvania Lottery Executive Director Drew Svitko. "These games are part of our continuing mission to modernize our business and generate new funds to benefit older Pennsylvanians."
With 15 years of visual effects experience, Inspired offers a new channel for lotteries unlike any other. These life-like, higher frequency Virtual Sports games appeal to an entirely new player genre and can be deployed in existing retailer locations using existing equipment.
"The Pennsylvania Lottery is known as one of the most technologically innovative and highest performing lotteries in the world," said Brooks Pierce, President and Chief Operating Officer of Inspired. "They work hard to raise the bar year after year and Virtual Sports is one more example of their efforts to find new ways to appeal to their players and increase returns to older Pennsylvanians. We are extremely grateful to partner with them in bringing Virtual Sports to North America."
NEW YORK, Aug. 8, 2018 /PRNewswire/ -- Inspired Entertainment, Inc. ("Inspired") (INSE) today announced the extension of its Video Lottery Terminal ("VLT") and Virtual Sports agreements in Greece with OPAP S.A. ("OPAP"), the leading Greek betting and lottery operator. This new multi-year extension includes the commitment to deliver an additional 965 VLTs and an additional Virtual Sports product and channel.
This agreement will allow Inspired to continue to supply its innovative products and games for server based gaming VLTs in Greece. Inspired will also add another 965 VLTs to its previous contracts to supply 7,395 machines, bringing its total allocation to 8,360, with over 5,000 machines now operating as part of OPAP's continued deployment of VLTs into its retail network.
Furthermore, Inspired has extended the term of its Virtual Sports agreement with OPAP. OPAP will also be adding another Virtual Sports channel to launch Football Matchday™. Football Matchday™ is being customized together with OPAP to provide a product specifically for Greek players. Football Matchday™ is being launched before the end of 2018, alongside Rush Football 2™, which has been offered since April 2017.
"We are very pleased to continue our strategic partnership with OPAP," said Lorne Weil, Executive Chairman of Inspired. "We have worked closely with OPAP to deliver the best possible products and we are grateful to be awarded additional machines and Virtual Sports content as recognition. We look forward to extending our success with OPAP."
"We always look to offer our customers the highest quality of innovative gaming products," said Damian Cope, Chief Executive Officer of OPAP. "We seek to cooperate with the industry's leading providers of gaming technology and solutions and we are happy to expand our relationship with Inspired through more VLTs and the launch of a second Virtual Sports channel."
announced the launch of new Virtual Sports content with SISAL in Italy. Inspired Virtual
Football Matchday™ is now live and featured on a dedicated channel across 480 of SISAL’s
Italian retail estates. This launch makes Inspired the sole provider of Virtual Football content
for the leading Italian operator.
Exclusively designed for Italy, Football Matchday™ offers an exciting live league format
with eight fixtures in state-of-the-art graphics. The product also includes a ‘picture in picture’
window showing goals from non-featured matches ensuring that customers can see all the
action. Football Matchday™ will feature alongside a live league table designed to further
enrich the player experience.
“I’m delighted to announce the launch of this new content with our valued Italian partner,
SISAL. Matchday Light™ has consistently been one of our best performing products in Italy
and we’re excited to be bringing it to SISAL venues for their customers to experience,” said
Steve Rogers, Chief Commercial Officer for Digital Games at Inspired. “Inspired remains
committed to the ongoing development of its Virtual Sports business in Italy, and this latest
launch with SISAL will no doubt contribute to its continuing success.”
Inspired Announces Ground-Breaking Virtual Sports Offering With Pennsylvania Lottery And Scientific Games
NEW YORK, May 8, 2018 /PRNewswire/ -- Inspired Entertainment, Inc. ("Inspired") (INSE) today announced that its market leading Virtual Sports products will be deployed at retailer locations in Pennsylvania following a ground-breaking technology project with the Pennsylvania Lottery and Scientific Games.
Virtual Sports products will launch as part of an integration with the Pennsylvania Lottery's central gaming system provided by Scientific Games. Initially, Stock Car Racing and the new 1st Down™ Virtual Football will be offered. Scheduled events will be streamed into a mixture of retail venues and bars and taverns throughout Pennsylvania via two dedicated channels throughout the day. The product offering will be branded Xpress Sports by the Pennsylvania Lottery.
"We are delighted to announce this key milestone for the Pennsylvania Lottery and Virtual Sports fans in the state," said Lorne Weil, Inspired's Executive Chairman. "Through an integration with the Lottery's gaming system, we're introducing the thrill of Virtual Sports betting for the first time to Pennsylvanians, and we're gratified to have been chosen by the Pennsylvania Lottery to deliver these new gaming entertainment products to its valued players with our high quality Virtual Sports graphics and animation."
"We are proud to be a leader in global Virtual Sports innovation, and we look forward to introducing new market-specific products, including 1st Down™ Virtual Football, to the Pennsylvania Lottery's players. This announcement signifies an important milestone in Inspired's North American strategy and we look forward to building upon it in the future," said Inspired's President and COO Brooks Pierce.
NEW YORK, May 2, 2018 /PRNewswire/ -- Inspired Entertainment, Inc. (NASDAQ: INSE) ("Inspired" or the "Company") today announced that, effective immediately, the Company has formed the Office of the Executive Chairman, which will consist of Executive Chairman Lorne Weil; President and Chief Operating Officer Brooks Pierce; Executive Vice President and Chief Strategy Officer Daniel Silvers; and Executive Vice President and Chief Financial Officer Stewart Baker. The Office of the Executive Chairman will execute the day-to-day management of the Company.
In connection with the formation of the Office of the Executive Chairman, Brooks Pierce has been named the Company's President and Chief Operating Officer. Mr. Pierce recently joined the Company as Senior Vice President, North America. He has over 25 years of experience in the gaming industry. He joins established Company executives Weil, Silvers and Baker in the new Office of Executive Chairman. Also in connection with the formation of the Office of the Executive Chairman, the Company's CFO, Stewart Baker, has been promoted to the position of Executive Vice President and Chief Financial Officer.
The Company also announced that Luke Alvarez, President and Chief Executive Officer, is departing the Inspired group, under terms being finalized. Executive Chairman Lorne Weil said, "I am grateful to Luke for his leadership of Inspired since its founding and during its rapid growth in its inaugural year and a half as a public company. We will miss him, and we wish him every success". The Inspired Board adds its thanks and best wishes. Mr. Alvarez's previous responsibilities will be divided among the members of the Office of the Executive Chairman.
The Company also pre-announced certain summary unaudited financial results for the Second Quarter of its 2018 fiscal year, which ended March 31, 2018. The Company has not completed its financial closing procedures, and its independent registered public accounting firm has not completed its review of the Company's results of operations for that quarter. Nevertheless, based on the Company's initial assessments, it estimates that its consolidated revenue for that quarter will be approximately $37.5 million, representing an increase of approximately 33.5% over the Company's consolidated revenue for the comparable period in the prior year, and that its consolidated Adjusted EBITDA (as defined below) for that quarter will be approximately $12.4 million, representing an increase of approximately 43.4% over the Company's consolidated Adjusted EBITDA for the comparable period in the prior year and an increase of approximately 26.1% over the Company's consolidated Adjusted EBITDA for the First Quarter of its 2018 fiscal year. These estimates exceed the quarterly results that the Company budgeted for itself in 2017, at the beginning of its 2018 fiscal year.
These estimates are preliminary and the Company's actual results may differ materially from these estimates, including as a result of the completion of the Company's quarter-end financial closing procedures, any adjustments that may result from the review of the Company's consolidated financial statements for the quarter by its independent registered public accounting firm and other developments that may arise between now and the time the consolidated financial results for the quarter are finalized and publicly reported in the Company's Quarterly Report on Form 10-Q. See "Forward-Looking Statements", below. Adjusted EBITDA is a non-GAAP financial measure. For our definition of the measure and its reconciliation to net loss, see "Non-GAAP Financial Measures", below. The Company undertakes no obligation to make future disclosures regarding its performance against internal budgets.
Mr. Weil concluded, "I believe the outlook for the Company is strong and I look forward to continuing to work with the leadership team, the Board and our incredibly talented employees as we execute on our strategic priorities as a best-in-class company and leader in our industry."
Conference Call and Webcast
Inspired management will host a conference call at 9:00 AM U.S. Eastern Time, Wednesday, May 9, 2018, to discuss the Company's full Second Quarter results and general business trends. The dial-in number is 1-877-870-4263 for participants in the United States and 1-412-317-0790 for participants outside the United States. Participants should ask to be joined to the Inspired Entertainment call. A replay of the call will be available one hour after the conclusion of the call and until May 16, 2018 by calling 1-877-344-7529 for listeners in the United States, or 1-412-317-0088 for listeners outside the United States, via replay access code 10120001. A replay of the call will also be available on our website at www.inseinc.com on the Investors/Events and Presentations web page.
Non-GAAP Financial Measures
We use certain non-GAAP financial measures, including EBITDA and Adjusted EBITDA, to analyze our operating performance. We use these financial measures to manage our business on a day-to-day basis. We believe that these measures are commonly used in our industry to measure performance. For these reasons, we believe that our non-GAAP financial measures provide expanded insight into our business, in addition to standard U.S. GAAP financial measures. There are no specific rules or regulations for defining and using non-GAAP financial measures, and as a result the measures we use may not be comparable to measures used by other companies, even if they have similar labels. The presentation of non-GAAP financial information should not be considered in isolation from, or as a substitute for, or superior to, financial information prepared and presented in accordance with U.S. GAAP. You should consider our non-GAAP financial measures in conjunction with our U.S. GAAP financial measures. We define certain of our non-GAAP financial measures as follows:
EBITDA is defined as net loss excluding depreciation and amortization, interest expense, interest income and income tax expense.
Adjusted EBITDA is defined as net loss excluding depreciation and amortization, interest expense, interest income and income tax expense, and other additional exclusions and adjustments. Such additional excluded amounts include stock-based compensation U.S. GAAP charges where the associated liability is expected to be settled in stock, and changes in the value of earnout liabilities and income and expenditure in relation to legacy portions of the business (being those portions where trading no longer occurs) including closed defined benefit pension schemes. Additional adjustments are made for items considered outside the normal course of business, including (1) restructuring costs, which include charges attributable to employee severance, management changes, restructuring and integration (2) merger and acquisition costs and (3) gains or losses not in the ordinary course of business.
We believe Adjusted EBITDA, when considered along with other performance measures, is a particularly useful performance measure, because it focuses on certain operating drivers of the business, including sales growth, operating costs, selling and administrative expense and other operating income and expense. We believe Adjusted EBITDA can provide a more complete understanding of our operating results and the trends to which we are subject, and an enhanced overall understanding of our financial performance and prospects for the future. Adjusted EBITDA is not intended to be a measure of liquidity or cash flows from operations or a measure comparable to net income or loss, because it does not take into account certain aspects of our operating performance (for example, it excludes non-recurring gains and losses which are not deemed to be a normal part of underlying business activities). Our use of Adjusted EBITDA may not be comparable to the use by other companies of similarly termed measures. Management compensates for these limitations by using Adjusted EBITDA as only one of several measures for evaluating our operating performance. In addition, capital expenditures, which affect depreciation and amortization, interest expense, and income tax benefit (expense), are evaluated separately by management.
INSPIRED ENTERTAINMENT, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
For the Three-Month Period ended
Items Relating to Legacy Activities:
Costs relating to former operations
Items outside the normal course of business:
Costs of group restructure
Stock-based compensation expense
Depreciation and amortization
Total other expense, net
Exchange Rate - $ to £
Certain totals may vary due to rounding.
In an agreement which extends to 2022, Inspired will supply VLT games content to Novomatic’s platform across its Italian retail estate, which totals over 30,000 terminals. Inspired will initially deploy two games which will be accessible from the main menu, with the potential for further titles and exclusives in the future.
‘Inspired is delighted to be partnering with Novomatic in this exciting and strategic deal,’ said Luke Alvarez, President and CEO, Inspired. ‘Novomatic is one of the largest gaming technology companies in the world, and the combination of our award-winning content with Novomatic’s platform will no doubt deliver a unique and compelling customer experience. Italy is an important market for Inspired, and it’s exciting to be offering our content to more customers in partnership with Novomatic,’ he added.
New York, April 24, 2018 - Inspired Entertainment, Inc. (“Inspired”) (NASDAQ: INSE) today announces that it has released a range of new and upgraded content in retail venues and online with leading Italian operator, SNAITECH.
Mike Tyson Boxing is now available on a mixed Virtual Sports channel across SNAITECH’s Italian retail estate. In addition, a bespoke lane-based version of Inspired’s Rush Sprints 2 product will be added to SNAITECH’s dedicated racing channel.
SNAITECH have also certified new markets for all races and launched an additional ‘QUAD’ Virtual Sports channel in a selection of retail venues. QUAD enables the scheduling and broadcast of four unique events at any one time within a single screen, allowing a different number of events to start at the same time. Virtual Sports from Inspired now available on SNAITECH’s new QUAD channel include Horses, Dogs, Speedway and 2 Furlong.
‘I’m delighted to announce the launch of this varied portfolio of new and upgraded content with our valued Italian partner, SNAITECH,’ said Steve Rogers, Chief Commercial Officer, Digital Games, Inspired. ‘Mike Tyson Boxing is one of our most innovative and compelling product launches of recent years, and it’s exciting to be bringing it to the Italian market for the first time with SNAITECH. Inspired remains dedicated to the ongoing development of its Virtual Sports business in Italy, and I have no doubt that these new products and additional channels will add to its continuing success,’ he added.
SNAI is the first Italian operator to go live with Inspired's Interactive content, including three exclusive Mike Tyson games that are only available to SNAI customers. In celebration of the Tyson product portfolio launch, SNAI is running a number of casino and sports promotions, and the games are already amongst SNAI's top performing online games.
In addition to its market-leading Virtual Sports, Inspired is a leading supplier of SBG VLT systems and content in Italy with Sisal, SNAI, Lottomatica, HBG and other Italian operators. Best-in-class omni-channel content from Inspired, includes Centurion Free Spins, Super Hot Fruits, Rise of Anubis and Atlantis – all of which are already top performing SBG VLT games in Italy.
'I'm delighted to announce this important milestone for Inspired's interactive business,' said Lucy Buckley, Vice President, Interactive, Inspired. 'We are leading the UK and .com Interactive markets with operators such as William Hill, GVC, LadbrokesCoral and Sky, and we look forward to replicating this success in Italy. New markets are key to our growth and we plan to expand our reach to other key European and North American markets during 2018.'
Paolo Scipioni, General Manager Italy, added: 'Inspired is proud to be one of the largest suppliers of omni-channel content in Italy, and the addition of mobile and online players to our customer base is an exciting development. Inspired's broad portfolio of retail VLT games and Virtual Sports has already proven popular with retail customers in Italy, and I'm confident that the availability of these new games online will be welcomed by customers and players alike.'
NEW YORK, April 16, 2018 -- Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE) today announced that it has appointed Mr. Brooks H. Pierce as Senior Vice President, North America. Mr. Pierce joins Inspired with over 25 years of experience in the gaming industry. Most recently, he was Managing Director of Aristocrat Technology’s Americas Group, a $700 million division of that leading gaming supplier. Prior to Aristocrat, he spent several years at Scientific Games as President, North American Gaming and Chief Revenue Officer, WMS Gaming Group.
“I have known Brooks professionally for over 25 years and have worked with him closely for much of that period,” said Inspired Executive Chairman, Lorne Weil. “He brings a wealth of knowledge and experience that will be invaluable to Inspired as we seek to build upon our successes in the North American market.”
“I’m delighted to welcome Brooks to the Inspired executive team,’ said Luke Alvarez, President and CEO, Inspired. “Inspired’s Virtual Sports are already licensed and live in New Jersey and Nevada and will be going live with the Michigan Lottery soon. We look forward to announcing new US deals and to the launch of 1st Down Football later in the year.” Mr. Alvarez concluded, “Brooks will play a key role in making Inspired a leader in the next generation of North American gaming and lottery products, and we welcome him to Inspired.”
NEW YORK, April 15, 2018 -- Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE) today celebrates the success of its Virtual Grand National 2018, which saw the predicted winner, Tiger Roll, finish in first place in the live event at Aintree.
Following an exclusive long term partnership with Carm Productions and The Jockey Club, Inspired’s Virtual Grand National 2018 was broadcast for the first time on national television in the UK on Friday evening ahead of the live event on Saturday afternoon.
The virtual race, which was uniquely developed to feature the 40 declared runners and riders from the 2018 Grand National field, used complex data algorithms to eventually predict Tiger Roll as the winner of the 2018 Grand National.
‘Predicting the result of one of the most unpredictable races in the sporting calendar was a challenging proposition, however I’m delighted to say that the strength of the algorithms which we used to create the Virtual Grand National have done exactly that,’ said Steve Rogers, Chief Commercial Officer Digital Games, Inspired, ‘Last year the winner of the Virtual race, Cause of Causes, came second in the live event and this year we have gone one better,’ he added. ‘We have had an incredible response to this project from our customers and the racing community; such is the quality of the animation and graphics which we’re now able to produce, the line between the virtual and reality is ever tightening. It’s an extremely exciting arena to be working in right now.’
‘The Virtual Grand National 2018’ is now available on the ITVHub.
New York, April 10, 2018 - Inspired Entertainment, Inc. (“Inspired”) (NASDAQ: INSE) today announces that its Virtual Grand National 2018 and Virtual Grand National Race of Champions products, launched to coincide with the 2018 Grand National race, are now available with BoyleSports and LadbrokesCoral.
BoyleSports and LadbrokesCoral are the first operators to stream Inspired’s Virtual Grand National 2018 race to their customers in advance of the live event at Aintree on Saturday April 14th. The Virtual Grand National is presented as a dedicated channel of content allowing for a unique virtual racing experience as 40 runners go head to head with all the action of the Grand National. Complex data algorithms allow for unique betting opportunities, larger prizes, and all the thrills and spills of the live race, while HD graphics deliver Inspired’s most realistic and sophisticated Virtual Sports race to date.
In addition, both operators are also streaming Inspired’s Grand National Race of Champions, which features a field of some of the most successful horses to have raced at Aintree over the past century. Using cutting edge technology and HD graphics, The Grand National Race of Champions brings famous names from the likes of Red Rum, to Many Clouds, to Amberleigh House, together to virtually compete against each other over Aintree’s famous fences.
One in four Britons bet on the Grand National which attracts over 600 million viewers across the world, making it one of the most watched televised sporting events in the calendar.
A number of complementary Grand National products from Inspired are also available to customers including a Grand National Slot and ‘Scratch ‘n’ Go Grand’ National instant win game.
‘I’m delighted to announce the commercial launch of Inspired’s Virtual Grand National 2018, as the nation begins to anticipate the greatest horse race of the year,’ said Steve Rogers, CCO, Inspired. ‘This is truly a unique product and it promises to add a compelling experience to our customers’ retail and digital channels in advance of the highest profile horse race in the calendar,’ he added.
‘BoyleSports is delighted to be bringing the Virtual Grand National products to its customers in anticipation of the live event this weekend,’ said Eddie Bennett, MD – Gibraltar, BoyleSports. ‘The realism and quality of graphics in the Virtual races delivers a premium experience, and I have no doubt that customers will be thrilled by the opportunity to watch Red Rum race again,’ he added.
‘The build-up to the Grand National at Aintree this week is well underway and we're delighted to launch this virtual offering which is as close to the fun and action of the real thing as you can get,’ said Craig Perry, Head of Gaming, LadbrokesCoral. ‘With races every five minutes and the hourly 'Race of Champions', which pits heroes of yesteryear against each other, we're confident this great product will really capture the imagination of racing fans,’ he added.
Inspired’s Virtual Grand National and Grand National Race of Champions will be broadcast at 8pm BST on Friday 13th April 2018 on ITV4. Highlights will also appear in ITV1’s Grand National coverage on 14th April. View the trailer here
NEW YORK, April 5, 2018 -- Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE) today announced that its Grand National Race of Champions and Virtual Grand National 2018 predictor race will be broadcast on national UK television ahead of the live event at Aintree.
Red Rum, the celebrated three times winner of the Grand National, will once again jump Becher’s Brook, The Canal Turn and the other famous Aintree fences in The Grand National Race of Champions, which will see 40 runners and riders from the past compete with their modern-day contemporaries using the latest CGI 3D technology and software. ‘Rummie’ will take on last year’s winner, One for Arthur, and compete with Richard Pitman’s Crisp in a TV first which will be screened by ITV4 on the eve of the 2018 race.
In addition, presenter and Racing expert Nick Luck will bring viewers the Virtual Grand National 2018, which, using the same technology, will see the full field of runners and riders for this year’s race compete hours ahead of the ‘off’. Both the Virtual Grand National and Grand National Race of Champions will form part of an hour long special previewing the 171st running of the Randox Grand National run over the actual Aintree course.
‘We used the latest technology and filming techniques to capture the iconic Aintree course in order to deliver the most authentic looking race possible’ said Steve Rogers, Chief Commercial Officer, Digital Games, Inspired Entertainment. ‘The reaction to the 2017 Virtual Grand National was fantastic and we’re delighted to be bringing the Race of Champions, in addition to the 2018 Virtual Grand National predictor race, to screens this year,’ he added.
In 2017 Cause of Causes won the first Virtual Grand National on ITV and performed exactly how the computer predicted, coming from mid-pack towards the end of the race to challenge for victory.
‘The virtual predictor race was incredibly close in 2017’ said Richard Pitman, ‘the technology picked out three of the top six finishers, was accurate about how Cause of Causes would handle the race, and incredibly close on where many others would finish or fall’.
The programme has been developed by Inspired Entertainment; the world leader in Virtual Sports products, in association with Carm Productions.
The Virtual Grand National and Grand National Race of Champions will be broadcast at 8pm BST on Friday 13th April 2018 on ITV4. Highlights will also appear in ITV1’s Grand National coverage on 14th April. View the trailer here
As part of the agreement, Inspired will supply up to 2,024 SBG VLT terminals to Sisal, provide remote and field services, and continue to deploy circa. six new games from its in-house studio per year.
‘Sisal is a valued and long-established customer of Inspired,’ said Luke Alvarez, President and CEO, Inspired, ‘and I’m delighted to announce that we will continue our business relationship into the future,’ he added. ‘Our Italian VLT business is an incredibly important one, and this agreement is testament to our commitment to its ongoing development,’ he continued.
New York, February 9, 2018 - Inspired Entertainment, Inc. (“Inspired”) (NASDAQ: INSE) today announces that its VP Interactive, Lucy Buckley, has been recognized in Gaming Intelligence’s Top 50 executives in the Gaming Industry.
Ms. Buckley joined Inspired in 2010 and has recently been promoted to VP Interactive, a role in which she oversees the business’ mobile and interactive functions. Under Buckley’s leadership, Inspired’s online business has grown to currently supply content to over 300 websites globally.
‘I’m delighted that Lucy has – rightly – been recognised for her contribution to both Inspired and the gaming industry as a whole,’ said Luke Alvarez, president and CEO, Inspired. ‘Inspired promotes gender equality and it is fantastic to see that Lucy has been acknowledged in GI’s top 50 as a significant player in Gaming. Never has there been a more pertinent moment for a smart and ambitious female to be acknowledged by the industry – long may it continue,’ he added.
‘I’m incredibly proud to be one of the eight women to be listed in GI’s top 50,’ said Lucy Buckley, VP Interactive, Inspired. ‘The industry undoubtedly has a long way to go to reach equality but I’m optimistic that change is happening and I’m excited to see what the future holds,’ she added.
New York, February 8, 2018 - Inspired Entertainment, Inc. (“Inspired”) (NASDAQ: INSE) today announces that it will supply an additional 1,035 SBG VLTs to OPAP bringing its total number of contracted machines in Greece to 7,395.
To date, Inspired has supplied 4,570 cabinets to OPAP, with over 3,600 machines now operating as part of OPAP’s continued deployment of SBG VLTs into its retail network.
“This additional VLT order from OPAP further strengthens Inspired’s growing Greek business, which continues to deliver best-in-class Server Based Gaming technology and Virtual Sports to OPAP,” said Luke Alvarez, President and CEO, Inspired. “I look forward to further building upon the success of our business partnership in the future,” he added.
New York, February 5, 2018 - Inspired Entertainment, Inc. (“Inspired”) (NASDAQ: INSE) today announced that it will return to ICE 2018 where it will be showcasing its latest portfolio of Virtual Sports, SBG Slots, SBG Electronic Tables and games and Mobile games at ICE Totally Gaming 2018.
Highlights from Inspired include 1st Down ™ Virtual (American) Football, which features ultra-realistic player simulations and uses the latest animation and motion capture techniques. 1st Down™ has been designed with Inspired’s US customers in mind, and will be released later this year.In addition, Inspired will be showcasing a Virtual Grand National Highlight Race and a range of new Numbers Games featuring live action presenters. Inspired will be unveiling a pioneering Virtual Sports Self Service product - Bet ‘N Go™, which enables players to place bets on Inspired content in land based casinos, lotteries, and sports betting locations.
The first curved-screen cabinet available to the UK and European Server-based market will be shown on Inspired’s stand. The Flex 4K® boasts a 43” 4K curve touchscreen in striking ultra-high definition, delivering a unique and immersive player experience. Visitors will be able to choose from over 150 games to play, from the simplest slot to blockbuster multi-bonus games including 2 Fat Cats ‘The Lost Ark’ ™.
In addition, Inspired’s new Electronic Table Game for UK casinos – Sabre Hydra™ - featuring an intuitive user interface and gesture capability and configurable options with different headers will be launched at the show.
Exciting new games, including Inspired’s biggest bonus game of 2018, Chief! ™, will be available to play on giant mobile touch-screens. Delegates can also look forward to experiencing new additions to the Rush GO! ™ product range, including special ‘World Cup’ variants of Rush Football Live and Rush Football GO!
Furthermore, ‘Scratch ‘N Go – Grand National Race of Champions’ - the first in a new line of hybrid products from Inspired featuring the core elements of scratch card functionality, will be introduced to visitors.
New York, February 1, 2018 - Inspired Entertainment, Inc. (“Inspired”) (NASDAQ: INSE) today announced that its Virtual Sports are now live in retail venues and online with Finnish National Lottery, Veikkaus.
Seven Virtual Sports products from Inspired including Rush Football 2, Rush Horses, Rush Dogs 2, Trotting, Speedway, Cars and Rush Cycling are now available to Veikkaus customers both online and in over 25 retail venues (including Casino Helsinki, the only casino in Finland).
Owned by The Finnish State, Veikkaus is the Finnish National Lottery and has an exclusive gambling license on Lottery and Casino Games, and Sports and Horse Betting in Finland.Via a public RFP process, Inspired was selected to supply Virtual Sports products to Veikkaus operated locations and on the Veikkaus website.
‘Following the announcement of Inspired’s RFP win with Veikkaus in 2017, I’m delighted that we are now the first Virtual Sports provider to be delivering content to retail venues and online channels in Finland,’ said Steve Rogers, CCO, Digital Games, Inspired. ‘Inspired’s Virtual Sports products are renowned for their world-class quality and ability to be easily integrated into existing sports betting platforms,’ he added, ‘and we are proud to be the Finnish National Lottery’s preferred partner.’
‘Veikkaus is delighted to be offering Inspired’s market-leading Virtual Sports to its online customers 24/7/365, and across retail channels,’ said Sami Kauhanen, VP Sports, Horses & Table Games, Veikkaus. ‘We are committed to bringing our customers the most entertaining and engaging betting products available, and we are certainly achieving this with the addition of seven new Virtual Sports from Inspired’s varied portfolio. We look forward to an exciting and mutually beneficial business relationship,’ he added.
New York, January 29, 2018 - Inspired Entertainment, Inc. (“Inspired”) (NASDAQ: INSE) today announced that its Virtual Sports products are now live with a total of five operators in New Jersey.
Following approval from the New Jersey Division of Gaming Enforcement (DGE) Inspired’s Virtual Sports are now live online with Golden Nugget, Caesars and Resorts – in addition to previously announced go lives with Rush Street Interactive and Betfair.
Inspired’s Virtual Sports launched online in New Jersey in November 2017, making it the first and only supplier of Virtual Sports in the state. Other partners of Inspired in New Jersey include Bwin Borgata and Pala Interactive, both of which are expected to go live imminently.
“I’m delighted to announce that Inspired’s Virtual Sports are now live with more of our valued partners in New Jersey,” said Inspired’s Vice President of Interactive, Lucy Buckley. “Inspired’s experience in adapting its offering to suit specific territories means that we have the expertise to leverage the huge potential we see for Virtual Sports in New Jersey,” she added. “2018 will see the launch of new products from Inspired including 1st Down Virtual Football which is specifically targeted to US consumers.”
Inspired’s Virtual Sports products have been proven to drive incremental revenues for customers globally, and are currently live through more than 40,000 retail channels and on over 100 websites worldwide.
New York, January 25, 2018 - Inspired Entertainment, Inc. (“Inspired”) (NASDAQ: INSE) today announces that it has signed an agreement to supply its Virtual Sports products to the Ladbrokes/Cirsa joint entity - Sportium, via its affiliated retail venues in Panama.
Premium products from Inspired, including Rush Football 2, Rush Football Matchday, Rush Horses and Rush Dogs will soon be available to Sportium customers across venues in Panama. Inspired’s latest Virtual Sports portfolio will be delivered on to screens in retail locations across Panama with bets being placed via the BGT Self Service and Cashier platforms through a single integration.
“This is an exciting announcement for Inspired’s Virtual Sports business,” said Steve Rogers, CCO, Digital Games. “Our partnership with Sportium will enable us to deliver more of our premium content into new territories – potentially on a very significant scale. Our partnership with Ladbrokes in the UK/IRE and Belgium is long established, and we are delighted to now further that relationship with this deployment. Inspired has a global reputation for delivering Entertainment with an Edge, and we can’t wait to share our products with more players globally,” he added.
NEW YORK, Jan. 16, 2018 /PRNewswire/ -- Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE) today announced key US and European growth developments in its online and mobile business, along with Greek SBG business gains.
Additional Greek SBG VLT Supply Contracted
Inspired has been contracted to supply an additional 1,000 SBG VLTs into the Greek market, bringing its total number of contracted machines in Greece to 6,360.
Live in New Jersey
Inspired's Virtual Sports are now live with 3 regulated online gaming operators in New Jersey, with 2 more expected to go live imminently. Inspired is the only regulated provider of online Virtual Sports betting products in New Jersey.
Mobile and Online Momentum
Inspired's world-class Virtual Sports, Slots, and Table Games are now available online and on mobile with new operators including Betfair, Grosvenor Casino (part of the Rank Group), Bwin, Sportingbet, VideoSlots, and a variety of Betsson brands.
Inspired's Virtual Sports and slots games are now live on over 300 online and mobile sites worldwide.
New Content from Inspired's Games Studio
New and unique content from Inspired's studios, including Irish Fortune™, Ninja Monkey™, Chief™ and Big 500 Roulette™ slots products, are now live exclusively with William Hill Online.
ICE 2018 Showcase
Inspired will be showcasing its latest products and content on stand S2-310 at the ICE 2018 expo in London next month. Highlights include new 1st Down™ Football, a pioneering new (American) football game, and Bet 'N Go™, a fully hosted Virtual Sports Self-Service Betting solution.
The Flex 4K™, Inspired's new curved screen SBG VLT cabinet, will be available for demo, along with a next generation Electronic Table, Sabre Hydra™, showing the future of casino roulette. Inspired will also showcase a new Virtual Sports ETG, developed in partnership with LT Game Macau, which will be launching in Asia early in 2018.
Visitors to ICE 2018 are invited to book appointments with email@example.com to learn more about the revenue-driving potential of Virtual Sports, and to enjoy the immersive gaming experience of Flex 4K™; the UK's only curved screen SBG VLT."The momentum in both our Virtual Sports and our SBG businesses is continuing strongly into 2018," said Luke Alvarez, President and CEO, Inspired. "Our mobile games are now live with more customers in more territories than ever before; we are launched in New Jersey with Virtuals, and our new Greek SBG VLT business continues to win volume. We look forward to welcoming delegates to our stand at ICE this year and demonstrating our Entertainment with an Edge," he added.
‘This award is an exciting and significant one for our Virtual Sports business,’ said Steve Rogers, CCO, Digital Games, Inspired. ‘Inspired prides itself on being the world-leader in Virtual Sports, and winning major industry awards this year with both SBC and EGR only endorses this fact. 2017 has seen the launch of several new and innovative products from Inspired with both existing and new customers in established and new territories. From the recent launch with Goldbet in Italy, to being the only supplier live online in New Jersey, to launching additional channels with BetFred in the UK, we’re continuing to grow our global footprint and excite customers with incredible new content. We look forward to delivering more compelling Entertainment with an Edge in 2018 with the launch of our new American Football product, 1st Down, Virtual Basketball, special “World Cup” versions of our market leading Rush 2 Football, Matchday and Rush Go products, and the Virtual Grand National 2018, to name but a few,’ he added.
NEW YORK, Nov. 29, 2017 /PRNewswire/ -- Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE) today announces key contracts and deployments in its UK and European Virtuals business.
Live in Italy with Goldbet
Inspired's Virtual Sports are now live in circa. 1,000 GoldBet retail venues in Italy. One dedicated broadcast channel will show a mixed schedule of trotting and horse races from Inspired, while a second channel showing Inspired's Platinum Football will be launched in early 2018.
Greek Virtual Football Success
Inspired's premium Rush Football 2® Virtual Sports product, already live over the counter in over 4,000 OPAP lottery venues, has now launched on Self Service Betting Terminals in 500 OPAP venues, rising to 800 by the end of the 2017.
Betfred Retail Virtuals Agreement Extended
Following Betfred's recent 5 year SBG contract extension and award of over 1,000 additional SBG terminals, previously operated by a competing supplier to Inspired, the UK's largest independent bookmaker has also extended its existing Virtual Sports agreement with Inspired, which will involve the supply of two new channels of Virtual Sports content to its betting shop estate. Enhanced new Horses (2 furlong race) and Greyhounds (Rush Dogs 2™) products, along with traditional Horses, Dogs, and Bingo are now available to Betfred customers, with a race from Inspired being delivered every minute via Inspired's in-venue viewer technology.
William Hill Upgrade
Inspired has upgraded its suite of Virtual Sports offerings across William Hill's retail estate. The upgrade also sees the introduction of new premium products including Rush Sprints 2™ and Rush Dogs 2™.
Upgraded Virtual Horses from Inspired Available with 49's
49's Limited (owned by a consortium of leading UK operators) has launched newly upgraded virtual horse racing products from Inspired including all new Portman Park, Steepledowns, and Sprint Valley tracks, which have been ever present in all UK LBO's since 2001.
Paddy Power to Exclusively Launch New Virtual Cricket Product
Paddy Power will exclusively launch a new Virtual Cricket product from Inspired to over 50 retail venues in December 2017. The launch will coincide with the 2017/18 Ashes series and become the fulcrum of the Paddy Power dedicated mixed Virtual Sports channel.
New Market Success in Romania
Inspired's agreement to supply Virtual Sports products to Romanian operator Superbet on both retail and digital channels has been extended to 2020. Inspired's premium Rush Football 2® is now live with BetArena (part of the SuperBet group) in 40 retail locations, rising to 200 in the near future.
Inspired's Virtual Football Matchday™ Live in Italy with Eurobet
Inspired's latest Virtual Sports products have launched in Eurobet retail venues with one channel dedicated to Inspired's market-leading Matchday™ and Platinum Football products.
SBC Awards Shortlisting
Inspired has been shortlisted for 3 prestigious SBC Awards, the results of which will announced on December 5th 2017. Shortlistings include Inspired's Virtual Grand National for Best Virtual Sports Product, Matchday™ Italy for Best Virtual Football Product, and Rush Horses Go!™ for Best Sports Themed Slot/Game.
'We're seeing fantastic momentum in our European Virtual Sports business, as more operators extend existing contracts and new customers become aware of the revenue driving potential of these ultra realistic, accessible entertainment products,' said Steve Rogers, Chief Commercial Officer, Digital Games, Inspired. 'Our portfolio of games is constantly growing as we upgrade existing popular sports, develop new variants to suit specific markets, and add new sports into the mix following our continued market research programme. We pride ourselves on being the top supplier of Virtual Sports in the industry, with our products live in over 40,000 venues. These recent successes in both the UK and across Europe are testament to that fact,' he added.
Inspired Received Final New Jersey Approvals - Virtual Sports Now Available For Mobile & Online Betting
"We are extremely pleased with this key milestone for our business" said Inspired President and Chief Executive Officer Luke Alvarez. "We launched in Nevada late in 2016; we signed our first US lottery contract for Virtual Sports early in 2017; and in October at G2E we announced our new 1st Down Football product, which we expect to launch in 2018. Going live in New Jersey is a major next step in the expansion of our business into North America."
"We are thrilled to have achieved this important step in our North American strategy," said Inspired Executive Chairman Lorne Weil. Mr. Weil continued, "New Jersey will serve as an important showcase for our Virtual Sports products, as additional states seek to bring this exciting offering to market."
"Virtual Sports betting is now available in New Jersey – online – and we're delighted to be the first (and only) player in the industry to offer this in North America," said Lucy Buckley, Inspired's Vice President of Interactive. Ms. Buckley continued, "Our premium products have demonstrated an ability to drive incremental revenues for our customers globally, and we believe the launch of Virtual Sports will have an even greater impact in a market that does not offer wagering products for sports fans." Ms. Buckley concluded, "Based on over a decade of experience, we are confident that Virtual Sports will appeal to both current casino players and a new audience that are not currently customers of New Jersey's casinos. Furthermore, we believe Virtual Sports will be an essential acquisition tool and companion products for the potential addition of live sports betting in New Jersey and beyond."
Five of Inspired's award-winning Virtual Sports including Horses, Greyhounds, Soccer, Motor Racing and Speedway (Motorcycles) are now available for online and mobile distribution in New Jersey, with more sports expected to become available in 2018. Inspired's partners in New Jersey include Caesars, Resorts, Golden Nugget, Rush Street, Bwin Borgata, Betfair, and Pala Interactive.
About Inspired Entertainment, Inc.
Inspired is a global games technology company, supplying Virtual Sports, Mobile Gaming and Server Based gaming systems with associated terminals and digital content to regulated lottery, betting and gaming operators around the world. Inspired currently operates more than 32,000 digital gaming terminals and supplies its Virtual Sports products in more than 35,000 venues and on over 100 websites in 30 countries. Inspired employs over 800 employees in the UK and elsewhere, developing and operating digital games and networks.
Additional information can be found at www.inseinc.com.
To date, Inspired has supplied 3,960 cabinets to OPAP, with over 2,200 machines now operating as part of OPAP’s continued deployment of VLTs into its retail network. The additional 1,400 cabinets will bring the total number of Inspired machines in OPAP’s network to 5,360.
‘I’m delighted that Inspired will be extending its partnership with OPAP as we supply more VLTs into the Greek market,’ said Luke Alvarez, President and CEO of Inspired. Mr. Alvarez continued, ‘the extension to our existing agreement is testament to the performance of both Inspired’s hardware and content, and I look forward to continuing to deliver best-in class products to OPAP, and to the continued success of our business relationship.’
‘As the exclusive operator of VLTs in Greece, OPAP always seeks to cooperate with the industry’s leading providers of modern gaming technology and solutions,’ said Damian Cope, OPAP CEO. Mr. Cope added, ‘We are driven to offer our customers the highest quality of innovative gaming products and pleased to be extending our existing cooperation together.’
In the first ever agreement of its kind, Inspired announces that it is collaborating with Novomatic, one of the largest gaming technology companies in the world, to carry Novomatic’s content on Inspired’s platform to deliver a market-specific product combination to the leading Greek betting and lottery operator, OPAP.
Novomatic games, including Book of Ra Deluxe, Dolphin's Pearl Deluxe, Sizzling Hot Deluxe, Lucky Lady's Charm Deluxe, are now live in Greece via Inspired’s Core Connect platform, with Roaring Forties soon to become available. All games have been certified by the Hellenic Gaming Commission for deployment to Inspired VLTs in OPAP venues across Greece.
‘I’m delighted to announce Inspired’s strategic partnership with Novomatic,’ said Luke Alvarez, President and CEO of Inspired. Mr. Alvarez continued, ‘This is the first agreement of its kind which combines content and platform providers to deliver a premium customer experience. Inspired’s performance to date in Greece exemplifies our business’ ability to deliver globally, and we anticipate that the addition of this premium Novomatic content onto the Inspired platform will only add to this success.’
‘Novomatic is excited to be a part of this landmark deal, which will deliver a unique and compelling product combination to the Greek market,’ said Thomas Graf, Novomatic. ‘We look forward to further expanding our portfolio of available games with Inspired and to a successful business relationship with Inspired and OPAP,’ he added.
‘In line with OPAP’s strategic priority of building a world class portfolio of products and services, we are delighted to be delivering new premium content from Novomatic to our VLT customers via Inspired’s open platform technology,’ said Damian Cope, OPAP CEO. Mr. Cope added, ‘we look forward to adding even more content in the future in order to be able to offer our customers in Greece a wide range of entertaining gaming content.’
Inspired’s Virtual Sports will feature on dedicated channels in Eurobet retail venues with one channel solely showing to Football Matchday and Platinum Football. New Virtual Sports products from Inspired will be promoted by Eurobet through new bonus offers and system bets.
Specifically designed for the Italian market, Football Matchday offers an exciting and unique league concept to players. Featuring eight matches in ultra-realistic HD graphics, all games can be followed and bet on simultaneously. In addition to the main screen action, Football Matchday includes a ‘picture in picture’ window showing goals from non-feature matches, ensuring that players don’t miss any action.
‘I’m delighted to announce that Inspired’s premium Matchday product is now live with Eurobet,’ said Paolo Scipioni, General Manager Italy, Inspired. ‘Eurobet’s dedicated promotion of Inspired’s product range is testament to the growing popularity of Virtual Sports in Italy, and I have no doubt that new Football Matchday will only add to this success - placing accumulator bets and following live score updates has never been so entertaining and easy,’ he added.
Major Product Launches at G2E 2017
Inspired will return to G2E 2017 at booth #4130, where it will showcase its premium Virtual Sports products, including new 1st Down virtual American football, developed specifically for the US market. Inspired 1st down features the latest motion capture techniques and 3D animation and will launch in 2018.
Inspired will also debut its new curved screen cabinet at G2E, featuring an ultra High Definition touch screen and 4K technology. The cabinet will be the first ever 43” curved screen cabinet to become available in the UK B2/B3 market, launching Fall 2017.
Betfred Contract Renewal and Extension
Inspired has both renewed and extended its B2 B3 VLT contract with the UK’s largest independent bookmaker, Betfred.
Inspired and Betfred’s existing B2 B3 VLT contract will be renewed for a further 5 years, with shops acquired from Ladbrokes Coral now added.
New Virtuals Content Live with BetFred
New Virtual Sports content from Inspired, including second and third channels of Rush Horses and Rush Greyhounds, is now live in venues across the Betfred retail estate. Inspired is currently delivering a brand new virtual race every minute on over 50% of Betfred venue screens and expects to be live in circa. 1,700 venues by the end of 2017.
Virtual Sports to go Live in Over 200 BoyleSports Venues
Premium Virtual Sports and Numbers Games from Inspired will become available in over 200 Boylesports venues in the Republic of Ireland in FY18.
Rush Football 2 Live with Bet365
3 streams of Inspired’s premium football product, Rush Football 2 are now live with online operator, Bet365.
Virtual Sports Live With Betway via Microgaming Sportsbook
Inspired’s premium Virtual Sports content is now available to Betway customers following an integration with Microgaming’s sportbook. Premium Virtual Sports products from Inspired including Rush Horses, Football, Greyhounds, and Trotting are now available to Betway customers in the UK and Sweden. Inspired’s award winning content is now available to all Microgaming customers.
Inspired’s Mobile and online business reports growing numbers of customers live with its premium slots content via its Virgo RGS including Gala Coral, Betfred, William Hill, Mr. Green, Bet 365, Leovegas, SkyBingo and MyBet.
Premium content from Inspired now available on mobile and online includes recently launched 2 Fat Cats, Leaders of the Freespins World, Centurion, Super Hot Fruits, Henry VIII, Atlantis, Rush BingGo!, Rush Dogs Go! among others.
Inspired Shortlisted for EGR Game of the Year Award
Inspired’s ‘Centurion Freespins’ has been shortlisted for the EGR Game of the Year Award. The winner will be announced in October 2017.
Inspired’s Nick Weil Named in Global Gaming Business’ 40 Under 40
In recognition of his work in introducing Inspired’s Virtual Sports products to American lotteries, Weil will be named in GGB’s 40 under 40 at anEmerging Leaders Reception during G2E 2017.
Inspired Entertainment, Inc. Added To The Russell® 2000, Russell® 3000, And Russell Microcap® Indexes
NEW YORK, June 26, 2017 /PRNewswire/ -- Inspired Entertainment, Inc. ("Inspired") (INSE) announced today that it has been added to the list of public companies that comprise the Russell 2000® Index, the Russell 3000® Index, and the Russell Microcap® Index. Inspired's inclusion became effective upon the close of trading on Friday, June 23, 2017, following Russell Investments' annual reconstitution of their index lists. The Russell 2000® Index, a listing of the 1,001st through 3,000th largest U.S. public companies ranked by market capitalization, is a widely-used measure of the performance of the small-cap segment of the U.S. equity markets. The Russell 3000® Index, a listing of the 3,000 largest U.S. public companies ranked by market capitalization, is a widely-used measure of the performance of the overall U.S. equity markets. The Russell Microcap® Index, a listing of the smallest 1,000 companies in the Russell 2000® ranked by market capitalization, plus 1,000 smaller US-based listed stocks, is a widely-used measure of the performance of the smallest tradable securities listed on US stock exchanges.
"We are delighted to be included in this year's Russell 2000, 3000, and Microcap Indexes," said Lorne Weil, Executive Chairman. "We expect that being part of the Russell Indexes will serve to further elevate and broaden our company's profile among those investors who utilize the Russell Indexes in making their investment decisions," added Mr. Weil.
NEW YORK, June 15, 2017 (GLOBE NEWSWIRE) -- Inspired Entertainment, Inc. ("Inspired") (INSE), is presenting to investors at the 2017 Marcum MicroCap Conference today, June 15. The Marcum conference is a highlight on the annual investment community calendar in New York City.
“We are pleased to have the opportunity to introduce the compelling Inspired story to the investor community. In addition to our award-winning gaming content and cutting edge Virtual Sports products, our server-based gaming technology and mobile products position us to take advantage of the larger industry trends towards distributed gaming,” said Luke Alvarez, Chief Executive Officer and President.
Lorne Weil, Executive Chairman, added, “We are confident that when investors become familiar with our technology and products, they will share our optimism for our future growth.”
The Marcum MicroCap Conference (www.marcummicrocap.com) is a nationally recognized forum for publicly traded companies with less than $500 million in market capitalization to network with fund managers and high net worth investors who focus on small cap equities. More than 2000 investors and other participants from every segment of the microcap marketplace attend each year, including venture and lower middle-market private equity investors, institutional investors, directors, investment bankers, and buy- and sell-side analysts, as well as senior executive teams from presenting companies and service providers to the microcap marketplace.
The conference is presented by Marcum LLP, a top national accounting and advisory firm registered with the Public Company Accounting Oversight Board (PCAOB). Marcum's Assurance Division provides the most up-to-date service and guidance on SEC accounting and reporting issues. Services include Financial Statement Audits in accordance with PCAOB standards; Tax Compliance and Advisory Services; Due Diligence; Agreed-Upon Procedures and Other Attest Work; Internal Audit Services; Sarbanes-Oxley Section 404 Compliance Services and Software; Technical Accounting Assistance; and IPO Assistance. For more information, visit www.marcumllp.com.