STOCK TITAN

Inspired Signs Multi-Market Online Virtual Sports Contract With Novibet

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Inspired Entertainment has signed a multi-market contract with Novibet, launching its Virtual Sports content in Europe, starting in Greece. Players can access these offerings through Novibet's dedicated section on novibet.gr. The content includes popular sports like soccer, basketball, and horse racing, with an exclusive Greek Matchday Soccer League featuring 16 teams. Inspired's Virtual Sports solutions are already popular across 35 countries. This partnership aims to enhance Novibet's online gaming experience and expand Inspired's market reach.

Positive
  • Partnership with Novibet enhances market reach in Europe.
  • Launch of exclusive Greek Matchday Soccer League attracts local interest.
  • Access to a wide range of Virtual Sports increases player engagement.
Negative
  • None.

NEW YORK, Nov. 16, 2021 /PRNewswire/ -- Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE) announced today that it has signed a multi-market contract to launch its best-in-class interactive Virtual Sports content with Novibet, one of the leading online gaming companies operating in several countries across Europe. Starting with the Greek market, Inspired's Virtual Sports are now hosted in a dedicated section on novibet.gr, offering to players customized and localized Virtual Sports options on a 24/7/365 basis.

Inspired's Virtual Sports are delivered via the Company's Virtual Plug & Play™ solution, which allows Novibet's members to access multiple Virtual Sports, including soccer, basketball and horse racing, served through an intuitive player interface. Novibet has launched Inspired's Greek Matchday Soccer League, featuring 16 teams playing a league season of virtual soccer.

"Novibet is a leading online gaming operator and has been a long-standing customer of Inspired's on the iGaming side," said Brooks Pierce, President and Chief Operating Officer. "We are very excited to further enhance their online portfolio to include our award-winning Virtual Sports and we look forward to working together to grow their brand across Europe."

"We have enjoyed working with Inspired to create custom Virtual Sports offerings that are specifically tailored to fully satisfy our members, such as Inspired's exclusive Greek Matchday Soccer League," said Thanasis Gkiokas, Sports Manager at Novibet. "What we guarantee at Novibet is the most entertaining and vibrant gaming experience and our new content will surely please Novibet members."

Inspired's multi award-winning virtual sports are popular worldwide, appealing to a wide variety of players through more than 40,000 retail channels and 100+ websites in 35 countries. Trailers and demos of the latest virtual sports offerings are available at www.inseinc.com/virtuals/.

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 land-based 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.

About Novibet

Novibet is an online gaming operator- licensed and regulated by UKGC, MGA, HGC and ADM - committed to delivering the best sports betting and gaming experience to an ever-expanding customer base. Since 2010, Novibet offers online sports betting and casino entertainment in many competitive markets, including Greece and UK.

As an innovative and adaptable operator, Novibet has a product offering that is constantly interacting with demand to meet and exceed existing and upcoming trends. Through its own proprietary betting platform offers great services, extensive odds selection, quick settlement of bets and unlimited betting opportunities to its customers.

Forward Looking Statements

This news release may contain "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," "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'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, 2020, and in Inspired's 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.

Contact:
For Investors
Aimee Remey
aimee.remey@inseinc.com
+1 646 565-6938

For Press and Sales

inspiredsales@inseinc.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/inspired-signs-multi-market-online-virtual-sports-contract-with-novibet-301425356.html

SOURCE Inspired Entertainment, Inc.

FAQ

What is the significance of Inspired's contract with Novibet?

The contract expands Inspired's Virtual Sports offerings in Europe, specifically starting in Greece, enhancing their market presence.

Which sports are included in Inspired's Virtual Sports launched with Novibet?

Inspired's Virtual Sports include soccer, basketball, and horse racing.

How does Inspired's Virtual Sports content operate?

It operates through the Virtual Plug & Play™ solution, providing players access 24/7 to various sports options.

When was the contract between Inspired and Novibet announced?

The contract was announced on November 16, 2021.

What market is Inspired initially focusing on with Novibet's launch?

Inspired is initially focusing on the Greek market with Novibet.

Inspired Entertainment, Inc.

NASDAQ:INSE

INSE Rankings

INSE Latest News

INSE Stock Data

230.43M
24.41M
8.17%
87.32%
2.01%
Gambling
Services-prepackaged Software
Link
United States of America
NEW YORK,