Inspired Entertainment and OPAP Extend Successful Virtual Sports Partnership
Inspired Entertainment (NASDAQ: INSE) has extended its long-term Virtual Sports partnership with OPAP, Greece's leading gaming company. Since 2017, Inspired has been the exclusive provider of Virtual Sports across OPAP's network of over 3,000 retail venues in Greece. The company currently offers five V-Play products including Soccer 3, Matchday, NBA Re-Play, Greyhounds, and Marbles games.
Brooks Pierce, President and CEO of Inspired, expressed enthusiasm about the extension, highlighting the partnership's success in enhancing Greece's retail gaming experience. Jan Karas, Chairman and CEO of OPAP, emphasized their focus on providing unique customer experiences and satisfaction with the Inspired Entertainment cooperation. Both companies are optimistic about the future of Virtual Sports and the potential for continued success through innovation and collaboration.
Inspired Entertainment (NASDAQ: INSE) ha esteso la sua partnership a lungo termine nel settore degli Sport Virtuali con OPAP, la principale azienda di giochi in Grecia. Dal 2017, Inspired è il fornitore esclusivo di Sport Virtuali della rete di oltre 3.000 punti vendita al dettaglio di OPAP in Grecia. Attualmente, l'azienda offre cinque prodotti V-Play tra cui Soccer 3, Matchday, NBA Re-Play, Greyhounds e giochi di Marbles.
Brooks Pierce, Presidente e CEO di Inspired, ha espresso entusiasmo per l'estensione, evidenziando il successo della partnership nel migliorare l'esperienza di gioco al dettaglio in Grecia. Jan Karas, Presidente e CEO di OPAP, ha sottolineato il loro impegno a fornire esperienze uniche ai clienti e la soddisfazione per la collaborazione con Inspired Entertainment. Entrambe le aziende sono ottimiste sul futuro degli Sport Virtuali e sul potenziale di successo continuo attraverso l'innovazione e la collaborazione.
Inspired Entertainment (NASDAQ: INSE) ha ampliado su asociación a largo plazo en deportes virtuales con OPAP, la principal empresa de juegos de Grecia. Desde 2017, Inspired ha sido el proveedor exclusivo de deportes virtuales en la red de más de 3,000 puntos de venta al por menor de OPAP en Grecia. Actualmente, la compañía ofrece cinco productos V-Play que incluyen Soccer 3, Matchday, NBA Re-Play, Greyhounds y juegos de canicas.
Brooks Pierce, Presidente y CEO de Inspired, expresó su entusiasmo por la extensión, destacando el éxito de la asociación en la mejora de la experiencia de juego al por menor en Grecia. Jan Karas, Presidente y CEO de OPAP, enfatizó su enfoque en proporcionar experiencias únicas a los clientes y la satisfacción con la cooperación de Inspired Entertainment. Ambas compañías son optimistas sobre el futuro de los deportes virtuales y el potencial de continuar el éxito a través de la innovación y la colaboración.
Inspired Entertainment (NASDAQ: INSE)는 그리스의 주요 게임 회사인 OPAP와 장기 가상 스포츠 파트너십을 연장했습니다. 2017년부터 Inspired는 그리스의 3,000개 이상의 소매 매장에서 가상 스포츠의 독점 제공업체로 활동하고 있습니다. 현재 회사는 Soccer 3, Matchday, NBA Re-Play, Greyhounds 및 구슬 게임을 포함하여 다섯 개의 V-Play 제품을 제공합니다.
Inspired의 사장 겸 CEO인 Brooks Pierce는 연장에 대한 열정을 표명하며, 그리스의 소매 게임 경험 향상에 있어 파트너십의 성공을 강조했습니다. OPAP의 회장 겸 CEO인 Jan Karas는 독창적인 고객 경험 제공과 Inspired Entertainment와의 협력에 대한 만족감을 강조했습니다. 두 회사 모두 가상 스포츠의 미래와 혁신 및 협력을 통해 지속적인 성공 가능성에 대해 낙관적입니다.
Inspired Entertainment (NASDAQ: INSE) a étendu son partenariat à long terme dans le domaine des Sports Virtuels avec OPAP, la principale entreprise de jeux en Grèce. Depuis 2017, Inspired est le fournisseur exclusif de Sports Virtuels dans le réseau d’OPAP de plus de 3 000 points de vente au détail en Grèce. L’entreprise propose actuellement cinq produits V-Play comprenant Soccer 3, Matchday, NBA Re-Play, Greyhounds et des jeux de billes.
Brooks Pierce, Président et CEO d’Inspired, a exprimé son enthousiasme quant à cette extension, mettant en avant le succès du partenariat pour améliorer l’expérience de jeu au détail en Grèce. Jan Karas, Président et CEO d'OPAP, a souligné leur objectif de fournir des expériences client uniques et la satisfaction liée à la coopération avec Inspired Entertainment. Les deux entreprises sont optimistes quant à l’avenir des Sports Virtuels et au potentiel de succès continu grâce à l'innovation et à la collaboration.
Inspired Entertainment (NASDAQ: INSE) hat seine langfristige Partnerschaft im Bereich virtueller Sport mit OPAP, dem führenden Spielunternehmen Griechenlands, erweitert. Seit 2017 ist Inspired der exklusive Anbieter von virtuellen Sportarten in über 3.000 Einzelhandelsstandorten im OPAP-Netzwerk in Griechenland. Das Unternehmen bietet derzeit fünf V-Play Produkte an, darunter Soccer 3, Matchday, NBA Re-Play, Grauhunde und Murmelspiele.
Brooks Pierce, Präsident und CEO von Inspired, äußerte seine Begeisterung über die Erweiterung und hob den Erfolg der Partnerschaft zur Verbesserung des Freizeitspielangebots in Griechenland hervor. Jan Karas, Vorsitzender und CEO von OPAP, betonte ihren Fokus auf die Bereitstellung einzigartiger Kundenerlebnisse und die Zufriedenheit mit der Zusammenarbeit mit Inspired Entertainment. Beide Unternehmen sind optimistisch über die Zukunft der virtuellen Sportarten und das Potenzial für anhaltenden Erfolg durch Innovation und Zusammenarbeit.
- Extended long-term partnership with OPAP, Greece's leading gaming company
- Exclusive provider of Virtual Sports across OPAP's 3,000+ retail venues in Greece
- Offering five successful V-Play products tailored for OPAP's retail stores
- Reaffirms Inspired's position as a leading provider of Virtual Sports in Greece
- None.
Insights
The extension of Inspired Entertainment's partnership with OPAP is a significant development for the company's Virtual Sports segment. This long-term agreement secures Inspired's position as the exclusive provider of Virtual Sports content across OPAP's extensive network of over 3,000 retail venues in Greece.
The partnership's continuation demonstrates the strong performance of Inspired's Virtual Sports products in the Greek market since their 2017 launch. With five tailored V-Play products, including popular offerings like Soccer 3 and the exclusive NBA Re-Play game, Inspired has successfully carved out a niche in OPAP's retail gaming portfolio.
For investors, this deal represents revenue stability and growth potential in a key European market. The extended partnership likely translates to consistent cash flows and opportunities for expansion as new Virtual Sports products are developed and introduced. However, investors should monitor the competitive landscape and regulatory environment in Greece, as these factors could impact future performance.
This partnership extension signifies market validation for Inspired Entertainment's Virtual Sports offerings. OPAP, as Greece's leading gaming company, choosing to continue this exclusive relationship indicates strong customer engagement and product performance in the Greek market.
The diversity of Inspired's Virtual Sports portfolio, ranging from soccer to NBA-licensed content and unique offerings like "Marbles," demonstrates the company's ability to innovate and cater to varied consumer preferences. This product range could be a key differentiator in maintaining market share and driving growth.
Investors should consider the potential for expansion of this model to other markets, as success in Greece could serve as a blueprint for partnerships in other regions. Additionally, the emphasis on "ongoing innovation and collaboration" suggests potential for new product development, which could drive future revenue growth and market penetration.
NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Inspired Entertainment, Inc. ("Inspired" or the "Company") (NASDAQ: INSE), a leading provider of B2B gaming content, systems, and solutions, is excited to announce a long-term extension of its successful Virtual Sports partnership with OPAP, Greece’s leading gaming company. Since the launch of Inspired's Virtual Sports product category in 2017, the Company has exclusively provided an engaging portfolio of Virtual Sports across OPAP’s extensive network of more than 3,000 retail venues in Greece.
Inspired currently offers a robust lineup of five Virtual Sports V-Play products tailored for OPAP’s retail stores. These include the popular and successful Soccer 3, the multi-game “Matchday,” the globally exclusive licensed “NBA Re-Play” game, as well as Greyhounds and unique “Marbles” games.
“Further highlighting the strength of our long-term collaboration with Greece's leading gaming company, we are thrilled to extend our Virtual Sports agreement with OPAP. This partnership reaffirms Inspired's position as the exclusive provider of Virtual Sports, which has already made significant strides in enhancing the retail gaming experience in Greece,” said Brooks Pierce, President and CEO of Inspired. “Our Virtual Sports offerings have enjoyed tremendous success over the years, and we look forward to continuing our partnership with OPAP, supporting the company in delivering entertainment options to its customers.”
The partnership highlights Inspired’s commitment to delivering cutting-edge solutions that resonate with gaming enthusiasts and generate mutual benefits through continued collaboration and innovation.
“At OPAP, we put customers at the center of everything we do and we aspire to constantly provide them with unique entertainment experiences. On our part, we are pleased with our cooperation with Inspired entertainment. Therefore, we are excited to extend our partnership and further leverage their Virtual Sports products in our retail network,” said Jan Karas, Chairman and CEO of OPAP.
Looking ahead, Inspired and OPAP are excited about the future of Virtual Sports and the potential for continued success through ongoing innovation and collaboration.
About Inspired Entertainment, Inc. (Nasdaq: INSE)
Inspired offers an expanding portfolio of content, technology, hardware and services for regulated gaming, betting, lottery, social and leisure operators across land-based and mobile channels around the world. Inspired’s gaming, virtual sports, interactive and leisure products appeal to a wide variety of players, creating new opportunities for operators to grow their revenue. Inspired operates in approximately 35 jurisdictions worldwide, supplying gaming systems with associated terminals and content for approximately 50,000 gaming machines located in betting shops, pubs, gaming halls and other route operations; virtual sports products through more than 32,000 retail venues and various online websites; digital games for 170+ websites; and a variety of amusement entertainment solutions with a total installed base of more than 16,000 terminals. Additional information can be found at www.inseinc.com.
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “estimate,” “plan,” “will,” “would” and “project” and other similar expressions that indicate future events or trends or are not statements of historical matters. These statements are based on Inspired’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events. Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of Inspired’s control and all of which could cause actual results to differ materially from the results discussed in the forward-looking statements. Accordingly, forward-looking statements should not be relied upon as representing Inspired’s views as of any subsequent date and Inspired does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as required by law. You are advised to review carefully the “Risk Factors” section of Inspired’s annual report on Form 10-K for the fiscal year ended December 31, 2023, and in subsequent quarterly reports on Form 10-Q, which are available, free of charge, on the U.S. Securities and Exchange Commission’s website at www.sec.gov and on Inspired’s website at www.inseinc.com.
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