Inspired Entertainment Partners with FanDuel to Launch a Suite of Hybrid Dealer Games and Bespoke Sports-Themed Wheel Game

Rhea-AI Summary

Inspired Entertainment (NASDAQ: INSE) has announced a strategic partnership with FanDuel, a leading online gaming platform in the United States. The collaboration will integrate Inspired's Hybrid Dealer suite of content and develop a bespoke sports-themed wheel game for FanDuel's audience.

Hybrid Dealer is a patented online product category offering casino and gameshow content without the challenges of live-dealer products. This partnership aims to enhance FanDuel's gaming portfolio and provide users with a unique and immersive gaming experience.

Brooks Pierce, President and CEO of Inspired, expressed excitement about the partnership, highlighting the expansion of FanDuel's gaming offerings and the showcase of Hybrid Dealer technology's versatility and appeal.

Positive

• Strategic partnership with FanDuel, a premier online gaming platform in the US
• Integration of Inspired's patented Hybrid Dealer suite of content
• Development of a bespoke sports-themed wheel game for FanDuel's audience
• Potential for increased market reach and revenue through expanded gaming offerings

Negative

• None.

Insights

Gaming Industry Analyst

This partnership between Inspired Entertainment and FanDuel marks a significant step in the online gaming sector. The introduction of Inspired's Hybrid Dealer suite addresses a key challenge in the industry by offering casino-style games without the operational complexities of live dealers. This could potentially lead to cost savings and increased scalability for FanDuel.

The development of a bespoke sports-themed wheel game tailored for FanDuel's audience demonstrates a strategic move to differentiate their offering in a competitive market. This customization could enhance user engagement and loyalty, potentially driving revenue growth for both companies.

For Inspired Entertainment, this deal represents an opportunity to expand its market presence through a partnership with one of the largest online gaming platforms in the U.S. This could lead to increased licensing revenues and set the stage for future growth in the rapidly expanding U.S. online gaming market.

Investors should monitor the performance of this partnership, particularly user adoption rates and any impact on FanDuel's market share. The success of this collaboration could pave the way for similar deals, potentially boosting Inspired's valuation in the medium to long term.

Technology Innovation Expert

The Hybrid Dealer technology from Inspired Entertainment represents a significant innovation in the online gaming space. By offering a solution that bridges the gap between traditional RNG (Random Number Generator) games and live dealer experiences, Inspired has created a new product category with potential for widespread adoption.

The patented nature of this technology provides Inspired with a competitive advantage and potential barriers to entry for competitors. This could lead to a strong market position and potentially higher profit margins for Inspired in the long run.

The partnership with FanDuel for a bespoke sports-themed wheel game showcases the flexibility and customization capabilities of Inspired's technology. This ability to tailor games to specific audiences and brands could open up new revenue streams and partnership opportunities across various gaming and entertainment sectors.

From a technological standpoint, this innovation addresses scalability issues associated with live dealer games while maintaining the engaging aspects that players enjoy. This balance of efficiency and user experience could drive adoption among other online gaming operators, potentially establishing Inspired as a key technology provider in the industry.

NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Inspired Entertainment, Inc. (NASDAQ: INSE), a leading B2B provider of gaming content, technology, hardware, and services, is pleased to announce a strategic partnership with FanDuel, one of the premier online gaming platforms in the United States. This collaboration will see the integration of Inspired's Hybrid Dealer suite of content and the development of a bespoke game tailored specifically for FanDuel's audience.

Hybrid Dealer is a new patented, game-changing online product category that offers players casino and gameshow content without the challenges associated with live-dealer products.

With the introduction of a bespoke game, FanDuel will provide its users with a unique and immersive gaming experience that aligns with its commitment to delivering diverse and entertaining content.

"We are excited to partner with FanDuel and introduce our Hybrid Dealer suite to their platform," said Brooks Pierce, President and CEO of Inspired. "This collaboration not only expands FanDuel's gaming offerings, but also showcases the versatility and appeal of our Hybrid Dealer technology."

The partnership aims to enhance FanDuel's portfolio and support its efforts in delivering a diverse and unique gaming experience to its players in the online gaming industry.

About Inspired Entertainment, Inc.

Inspired offers an expanding portfolio of content, technology, hardware and services for regulated gaming, betting, lottery, social and leisure operators across retail and mobile channels around the world. The Company’s gaming, virtual sports, interactive and leisure products appeal to a wide variety of players, creating new opportunities for operators to grow their revenue. The Company 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; interactive 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 press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding our ability to bring certain of our products to customers in the various markets in which we operate and execute on our strategic plan, statements regarding expectations with respect to potential new customers and statements regarding our anticipated financial performance. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “continue,” “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 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. 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 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. 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.

Contact:
For Investors
IR@inseinc.com

+1 646 277-1285

For Press and Sales
inspiredsales@inseinc.com

FAQ

What is the new partnership between Inspired Entertainment (INSE) and FanDuel?

Inspired Entertainment has partnered with FanDuel to integrate its Hybrid Dealer suite of content and develop a bespoke sports-themed wheel game for FanDuel's platform.

What is Inspired Entertainment's (INSE) Hybrid Dealer technology?

Hybrid Dealer is a patented online product category that offers casino and gameshow content without the challenges associated with live-dealer products.

How will the partnership with FanDuel benefit Inspired Entertainment (INSE)?

The partnership will expand Inspired's market reach, showcase its Hybrid Dealer technology, and potentially increase revenue through integration with FanDuel's platform.

What type of bespoke game is Inspired Entertainment (INSE) developing for FanDuel?

Inspired Entertainment is developing a bespoke sports-themed wheel game tailored specifically for FanDuel's audience.