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About Inspired Entertainment Inc. (NASDAQ: INSE)
Inspired Entertainment Inc. is a leading business-to-business (B2B) provider of gaming content, technology, hardware, and services for regulated gaming, betting, lottery, and leisure operators worldwide. Headquartered in the United States, the company operates across approximately 35 jurisdictions, offering a diverse portfolio of products and services that cater to both land-based and digital markets. Its core business segments include Gaming, Virtual Sports, Interactive, and Leisure, each designed to enhance player engagement and create revenue opportunities for its clients.
Core Business Segments
- Gaming: Inspired supplies state-of-the-art gaming terminals and software to betting shops, casinos, gaming halls, and adult gaming centers. Its proprietary Open SBG Core™ platform powers thousands of gaming machines globally, offering operators flexibility, scalability, and a rich library of gaming content.
- Virtual Sports: A pioneer in the virtual sports category, Inspired delivers ultra-realistic, computer-generated sports events that simulate real-world betting experiences. These products are available through retail venues and online platforms, making them accessible to a wide audience. Notable offerings include virtual football, horse racing, and NHL-branded virtual hockey.
- Interactive: The Interactive segment focuses on digital gaming content for online casinos and mobile platforms. Inspired provides high-quality games to over 170 websites, blending timeless classics with innovative mechanics to cater to diverse player preferences.
- Leisure: Inspired's leisure division offers amusement entertainment solutions, including gaming machines for pubs, bingo halls, and other casual gaming environments. With an installed base of over 16,000 terminals, this segment complements the company's broader gaming portfolio.
Technological Innovations
Inspired Entertainment is at the forefront of gaming technology, leveraging its expertise to develop cutting-edge products. Its patented Hybrid Dealer technology combines the best of live and virtual gaming, offering operators a scalable, cost-effective alternative to traditional live dealer setups. The company's Vantage™ gaming cabinets and advanced server-based gaming platforms further underscore its commitment to innovation and player-centric design.
Global Reach and Market Presence
The company operates approximately 50,000 gaming machines and supplies virtual sports products through more than 32,000 retail venues and numerous online platforms. Its geographic footprint spans key markets such as the UK, Italy, and North America, with a growing presence in emerging regions. Inspired's customer base includes major regulated gaming operators like William Hill, Bet365, and Sisal, reflecting its strong industry relationships and market credibility.
Competitive Landscape
In a competitive industry, Inspired Entertainment differentiates itself through its proprietary technologies, extensive product portfolio, and ability to deliver tailored solutions. The company's focus on innovation and player engagement positions it as a preferred partner for operators seeking to enhance their offerings.
Commitment to Excellence
With a robust portfolio and a customer-first approach, Inspired Entertainment continues to redefine the gaming experience. Its emphasis on scalability, innovation, and regulatory compliance ensures it remains a trusted partner in the global gaming industry.
Inspired Entertainment, Inc. (NASDAQ: INSE) has partnered with FanDuel, a subsidiary of Flutter Entertainment, to launch premium iGaming content in Michigan. The partnership will feature four of Inspired's leading titles, including Big Fishing Fortune™ and Big Spin Bonus™, which is currently a top performer in North America.
This collaboration marks a significant milestone as it adds to Inspired's existing partnerships, bringing the total to seven operators in Michigan, which has become the company's largest U.S. market with over 90% coverage. Inspired's CEO Brooks Pierce expressed enthusiasm for the alliance, emphasizing the importance of Michigan in their growth strategy.
Inspired Entertainment has launched its premium iGaming content with Caesars Sportsbook & Casino in Pennsylvania, enhancing its offerings in one of North America's largest iGaming markets. The partnership aims to deliver popular games including Big Spin Bonus™ and Gold Cash Free Spins™ to Caesars' player base. Inspired has seen success in Pennsylvania and other states like New Jersey and Michigan. With a robust portfolio, Inspired caters to regulated gaming, offering content, technology, and services across approximately 35 jurisdictions, with over 50,000 gaming machines and 32,000 retail venues globally.
Inspired Entertainment, Inc. (NASDAQ: INSE) announced a credit ratings upgrade from Fitch Ratings, with its corporate rating rising from 'B-' to 'B' and senior secured global notes upgraded from 'B' to 'BB-'. The stable outlook reflects Inspired’s high profitability, strong free cash flow generation, and sound organic deleveraging. Fitch noted improved profitability driven by increasing margins, lower gross leverage, and solid results across all business segments. Inspired operates in approximately 35 jurisdictions globally, supplying gaming systems and content for around 50,000 gaming machines, showcasing its expansive reach in the gaming industry.
Aristocrat Gaming has partnered with Inspired Entertainment, Inc. (NASDAQ: INSE) to create a new NFL-themed virtual sports experience. This multi-year global licensing agreement aims to engage NFL fans worldwide by offering fast-paced simulated matchups that allow wagering options similar to traditional sportsbooks. The experience includes iconic NFL imagery and aims to tap into the league's global fan base of over 500 million. Aristocrat CEO Hector Fernandez noted this initiative as a groundbreaking entertainment option, while Inspired CEO Brooks Pierce expressed enthusiasm in connecting with millions of NFL fans.
Inspired Entertainment reported a fourth quarter revenue of $78.6 million, marking a 17% increase from the previous year. Key growth segments included Gaming (+42%), Virtual Sports (+36%), and Interactive (+9%). The company achieved a net income of $3.1 million, compared to a net loss of $1.2 million in the prior-year period. Adjusted EBITDA rose by 17% to $25.6 million. Full year revenue also reached a record $285.4 million, a 37% increase. Despite adverse currency impacts totaling $33.3 million, all business segments saw growth, highlighting a strong operational performance throughout 2022.
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