Inspired Announces Long-Term Contract Extension With Snaitech
28 September 2023 - 2:00PM
Inspired Entertainment, Inc. ("Inspired" or the "Company") (NASDAQ:
INSE), a leading B2B provider of gaming content, systems and
solutions, announced today that it has signed a long-term contract
extension as the provider of Virtual Sports to leading
Italian licensed gaming operator and long-time partner
Snaitech.
As part of the agreement, Inspired will maintain its commitment
to providing Snaitech with state-of-the-art products ensuring its
availability across both online platforms and physical retail
locations throughout Italy.
"We are thrilled to expand our partnership with Snaitech and
remain committed to delivering exceptional support to their retail
and online platforms," said Brooks Pierce, President and
CEO of Inspired. "We have several exciting products in
development that will give Italian players access to our latest
Virtual Sports innovations and believe this new offering will
provide a unique and captivating experience for bettors."
“We are delighted that our partnership with Inspired continues
to grow and consolidate over the years,” said Agostino
Romano, Chief Retail Operations Officer of Snaitech. “The
agreement expands our offer with cutting-edge products of
unquestionable quality that implement the exclusive, immersive and
technologically sophisticated gaming and entertainment experience
that we research and build every day for our consumers, without
excesses and pursuing a gaming experience that is always, and above
all, responsible and aware.”
Inspired's multi-award-winning Virtual Sports have achieved
global popularity, captivating a diverse player base across 35
countries through an extensive network of over 40,000 retail
outlets and more than 100 websites. To explore the latest Virtual
Sports offerings, trailers, and demos, visit
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. Inspired's gaming, Virtual Sports, interactive and
leisure products appeal to a wide variety of players, creating new
opportunities for operators to grow their revenue. Inspired
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; digital 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 SnaitechThe Snaitech Group is one of the
main operators in Italy in the legal gaming sector. The company is
active in the betting retail sector (with a market share of 19.3%),
in amusement machines (15% of the market) and in online games and
betting (with an overall share of 10.8%). In 2022 Snaitech recorded
revenues of approximately 900.4 million euros, achieved through
online channels and the network of over 2,000 betting points, as
well as thanks to approximately 38,000 amusements with prizes (AWP)
and over 10,000 video lottery terminals (VLT) located throughout
the country. In mid-2018, Snaitech joined the Playtech PLC group,
one of the leading global players in the development of software
and services for the gaming sector with over 6,600 employees and
offices in 26 countries.
Forward-Looking Statements
This news release contains "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," "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, 2022, and in 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 and on
Inspired's website at www.inseinc.com.
Contacts:
Investor RelationsIR@inseinc.com+1 646 277
1285
For Press and
Salesinspiredsales@inseinc.comwww.inseinc.com@Inspired_News
Snaitech Press OfficeE-mail:
ufficio.stampa@snaitech.it Mobile: + 39 348 4963434
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