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Inspired Entertainment, Inc. reported a first-quarter revenue of $63.1 million with a net loss of $(5.7) million. The company expanded its video lottery terminal placements, launched NBA Re-Play Virtual Sports product, and reported growth in the Interactive segment. The land-based business experienced lower service revenue in the UK and Greece. Adjusted EBITDA was $16.3 million, down 19% from the prior year.
Inspired Entertainment, Inc. launches NBA Re-Play Virtual Sports game in partnership with OPAP in Greece, utilizing archived NBA footage. OPAP is the first to introduce the game in over 3,000 retail venues, offering fans a unique virtual gaming experience. The product allows users to bet on simulated NBA matchups, including wagering options like money line bets and over/under total score.
Inspired Entertainment, Inc. will report Q1 2024 financial results on May 10, 2024, with a conference call to discuss the results and business trends. Inspired offers gaming content, technology, hardware, and services worldwide, targeting various operators to grow revenue.