Inspired Entertainment, Inc. - INSE STOCK NEWS

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.

Inspired Entertainment, Inc. (NASDAQ: INSE) will report its fourth quarter and fiscal year 2022 unaudited financial results on March 13, 2023, before market opening. The announcement includes a conference call at 9:00 a.m. ET to discuss results and business trends. Known for its B2B gaming content and services, Inspired operates across 35 jurisdictions, with over 50,000 gaming machines and 32,000 retail venues worldwide. The company's portfolio focuses on gaming, virtual sports, and interactive solutions aimed at expanding revenue opportunities for operators.

Inspired Entertainment showcased innovative gaming solutions at ICE 2023 in London from February 7-9. Key highlights included the debut of the Vantage™ server-based cabinet and new game offerings like Home Run Shootout Legends™ and NFLA Legends Football™, as well as the first Women's Virtual Soccer™ product. With over 50,000 gaming devices installed globally, Inspired emphasizes its strong market presence across regulated gaming and lottery sectors. Their diverse gaming portfolio features various platforms and exciting bonus mechanics, aiming to attract players with engaging experiences.

Inspired Entertainment, Inc. (NASDAQ: INSE) has secured a new long-term contract with Paddy Power to provide fully integrated managed services for approximately 1,400 betting terminals across its UK estate. The contract will see Inspired supply Vantage™ server-based gaming cabinets in 2023, enhancing Paddy Power's product offering. Brooks Pierce, President of Inspired, highlighted the potential for revenue growth and reduced operational costs through this collaboration. The partnership reflects a shift towards a managed services model in the gaming industry.

Inspired Entertainment has secured a five-year contract with Betfred Group to provide exclusive managed services for over 5,500 betting terminals. This partnership marks a significant milestone as it secures Inspired's largest UK betting shop customer until 2028. Betfred has also committed to purchasing 5,000 Vantage™ cabinets throughout 2023, enhancing player experience with integrated technology and content. The collaboration highlights the long-standing relationship between the two companies, aiming to deliver superior gaming solutions to Betfred's customers.