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Inspired Entertainment, Inc. - INSE STOCK NEWS

Welcome to our dedicated page for Inspired Entertainment news (Ticker: INSE), a resource for investors and traders seeking the latest updates and insights on Inspired Entertainment stock.

Inspired Entertainment, Inc. (NASDAQ: INSE) is a prominent gaming technology company based in the United States, specializing in providing high-quality gaming and betting solutions worldwide. The company's core business includes the development of Virtual Sports and Server-Based Gaming (SBG) systems, along with the associated terminals and digital content for regulated betting, gaming, and lottery operators.

Operating through four primary segments—Gaming, Virtual Sports, Interactive, and Leisure—Inspired Entertainment boasts a diverse portfolio designed to enhance revenue opportunities for its partners. The Gaming segment is the largest revenue contributor, supplying gaming terminals as well as gaming software and games to betting offices, casinos, gaming halls, and high-street adult gaming centers.

Inspired Entertainment's reach is vast, with operations in approximately 35 jurisdictions worldwide. The company manages around 50,000 gaming machines, a majority of which are powered by their proprietary Inspired Open SBG Core™ platform. Their innovative Virtual Sports products are available through more than 32,000 retail venues and various online platforms, appealing to a broad spectrum of players.

Key customers include major regulated gaming companies such as William Hill, Ladbrokes, and Sky Vegas, as well as international operators like Sisal and Lottomatica. The company is also a leading supplier of Video Lottery Terminals (VLT) to Italian casinos and betting shops.

Recent notable achievements include a strategic partnership with Kambi Group, which integrates Kambi's premier sports betting technology with Inspired's Virtual Sports games. This collaboration aims to offer a dynamic and easily integrated new revenue stream for operators within the Kambi network. Additionally, Inspired's Virtual Sports have seen significant growth in North America, introducing popular games like basketball, football, and women's soccer.

Financially, Inspired Entertainment has consistently demonstrated robust performance, with recent expansions and partnerships further solidifying its market position. The company’s commitment to innovation and quality is evident in its expanding portfolio of gaming, betting, and amusement entertainment solutions.

News

Inspired Reports Third Quarter 2023 Results

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Inspired Entertainment, Inc. reports a 31% increase in 3Q revenue to $97.5 million, driven by the Interactive segment and Low Margin Gaming Hardware Sales. The Company completed a financial restatement, unveiled a new iGaming product, and partnered with the NBA for Virtual Sports games. Adjusted EBITDA margin for the third quarter was 27%, with a 36% margin excluding Low Margin Gaming Hardware sales. Fourth-quarter revenue and Adjusted EBITDA are expected to meet consensus estimates.
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Inspired to Report Third Quarter 2023 Unaudited Results and Hold Conference Call on February 27

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Inspired Entertainment, Inc. (INSE) will report unaudited financial results for Q3 2023 on Feb 27, 2024. The company is a leading B2B provider of gaming content, technology, hardware, and services.
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Inspired Announces Partnership with Kambi to Provide Virtual Sports Offering to the Kambi Sportsbook

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Inspired Entertainment, Inc. and Kambi Group plc have signed an agreement to integrate Inspired Virtual Sports products into the Kambi sportsbook platform. This partnership aims to enhance Kambi's sportsbook services and provide a dynamic new revenue stream for operators. Inspired's Virtual Sports are popular worldwide, with a diverse content portfolio available in over 35 countries.
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Inspired Entertainment Announces Nasdaq Acceptance of Plan of Compliance

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Inspired Entertainment, Inc. (INSE) has received notification from Nasdaq stating that it has accepted the Company’s plan of compliance to file required financial reports by February 28, 2024. The company is diligently working to complete the necessary filings, including restated financial statements, aiming to file such reports as soon as practicable.
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Inspired Debuts Compelling New License, Product Category, Hardware and Content at ICE 2024

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Inspired Entertainment, Inc. will showcase new NBA-themed Virtual Sports, a revolutionary Hybrid Dealer® product, and a groundbreaking Vantage Cat C cabinet at the ICE tradeshow in London. The company will also debut iGaming content including Space Invaders™ Win and Spin and Gold Horsey Winner™. Inspired aims to offer a unique and engaging gaming experience to its customers, showcasing its strength and breadth of product offerings.
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Inspired Submits Plan to Address Nasdaq Compliance

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Inspired Entertainment, Inc. plans to file restated financial statements and forms with the Nasdaq Stock Market by February 28, 2024, and its Form 10-K for the year ended December 31, 2023 by March 2024. The company previously received a notification letter from Nasdaq for not timely filing its Form 10-Q for the quarter ended September 30, 2023, but this has no immediate effect on the listing of the company's securities.
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Inspired Announces CFO Transition

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Inspired Entertainment, Inc. (NASDAQ: INSE) appoints Marilyn Jentzen as Interim CFO and principal accounting officer, accepting Stewart F.B. Baker's resignation. The Board of Directors has initiated a search process for the new CFO. Ms. Jentzen brings over three decades of financial and accounting experience and will be responsible for the Company's financial policies and compliance with financial and accounting regulations.
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Inspired Entertainment, Inc. Receives Expected Nasdaq Notification Regarding Delayed Form 10-Q

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Inspired Entertainment, Inc. (NASDAQ: INSE) received a notification letter from Nasdaq stating non-compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) due to not filing its Form 10-Q for the quarter ended September 30, 2023. The company has until January 22, 2024, to file the 2023 Form 10-Q or submit a plan to regain compliance, with a potential extension until May 7, 2024. Failure to comply may lead to delisting from Nasdaq.
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Inspired Requires Additional Time to Complete Financial Statements for the Third Quarter of 2023 and Restate Certain Previously Issued Financial Statements

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Inspired Entertainment, Inc. (NASDAQ: INSE) announces the need for additional time to complete financial statements for Q3 2023 and to restate previously issued financial statements due to accounting errors. The errors relate to the capitalization of software development costs, leading to the need for restatement and the identification of material weaknesses in internal controls. The company is diligently pursuing completion of the restatement and intends to file amended reports as soon as reasonably practicable.
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Inspired Partners With Caesars Digital to Develop a Range of Customized Hybrid Dealer® Products

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Inspired Entertainment, Inc. has announced a partnership with Caesars Digital to create bespoke Hybrid Dealer products for Caesars Palace Online Casino and Caesars Sportsbook & Casino. The Hybrid Dealer technology seamlessly integrates Virtual CGI, green screen technology, and footage of real dealers to provide an unparalleled gaming experience. This new product category offers players branded casino and gameshow content without the challenges of live-dealer products. The games require no studios and outcomes are RNG-generated, providing operators with unlimited branding and customizable possibilities. Inspired's customized gameshow and table game Hybrid Dealer products for Caesars Digital will be available across multiple jurisdictions without the need for individual studios.
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FAQ

What is the current stock price of Inspired Entertainment (INSE)?

The current stock price of Inspired Entertainment (INSE) is $8.52 as of December 20, 2024.

What is the market cap of Inspired Entertainment (INSE)?

The market cap of Inspired Entertainment (INSE) is approximately 230.4M.

What does Inspired Entertainment, Inc. specialize in?

Inspired Entertainment specializes in Virtual Sports and Server-Based Gaming systems, as well as gaming terminals and digital content for regulated gaming and lottery operators.

What are the primary segments of Inspired Entertainment’s business?

The primary segments are Gaming, Virtual Sports, Interactive, and Leisure.

Who are some of Inspired Entertainment’s key customers?

Key customers include William Hill, Ladbrokes, Sky Vegas, Sisal, and Lottomatica.

What is the Inspired Open SBG Core™ platform?

The Inspired Open SBG Core™ platform is a proprietary technology used to power a majority of Inspired Entertainment's gaming machines.

In which jurisdictions does Inspired Entertainment operate?

Inspired Entertainment operates in approximately 35 jurisdictions worldwide.

What recent partnerships has Inspired Entertainment formed?

A notable recent partnership includes a collaboration with Kambi Group to integrate their sports betting technology with Inspired's Virtual Sports games.

What types of products does Inspired provide?

Inspired provides gaming systems, terminals, content for gaming machines, Virtual Sports products, digital games, and amusement entertainment solutions.

How many gaming machines does Inspired manage?

Inspired manages around 50,000 gaming machines globally.

Where can I find more information about Inspired Entertainment?

More information can be found on their official website at www.inseinc.com.

What are Virtual Sports?

Virtual Sports are computer-generated simulations of sports events that allow players to bet on outcomes, available both online and in retail venues.

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Inspired Entertainment, Inc.

Nasdaq:INSE

INSE Rankings

#3738 Ranked by Market Cap
N/A Ranked by Dividends

INSE Stock Data

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