Betfred to Acquire 5,000 Vantage™ Cabinets in New Deal
NEW YORK, November 9, 2022 /PRNewswire/ — Inspired Entertainment, Inc. (“Inspired” or the “Company”) (NASDAQ:INSE), a leading B2B provider of gaming content, technology, hardware and services, today announced a new five-year deal with Betfred Group, a UK-based bookmaker who owns and operates over 1,400 betting shops in the UK with over 50 years of experience.
Under the agreement, Inspired will exclusively provide Betfred with fully integrated managed services for its entire fleet of over 5,500 terminals, including installation, remote and field technology support, and platform and content deployment. Additionally, Betfred has committed to purchasing 5,000 new Vantage™ server-based gaming cabinets throughout 2023. The latest edition to the Inspired VLT family, Vantage is powered by an intelligent operating system that features a menu modern and intuitive next-gen with key functionality that generates game recommendations for gamers based on their gaming sessions.
“This is a landmark deal for Inspired, securing our largest UK betting shop customer base until 2028,” said Brooks Pierce, President and Chief Operating Officer of Inspired. “We are extremely pleased with the results of our new Vantage terminal, which Betfred has agreed to purchase under this contract, and expect this arrangement to become standard for our LBO clients in the future.”
“Inspired has been a trusted key vendor for 20 years with whom we have a very collaborative partnership,” said Mark Stebbings, chief operating officer of the Betfred group. “We aspire to provide our customers with the best possible experience and Inspired’s new Vantage cabinet delivers. We have been impressed with the results of Vantage and are delighted that our customers are benefiting from the technology, hardware and service. cutting-edge innovative content from Inspired.”
About Inspired Entertainment, Inc. (Nasdaq: INSE)
Inspired offers an expanding portfolio of content, technology, hardware and services for regulated gaming, betting, lottery, social and entertainment operators across land and mobile channels worldwide. Inspired’s games, virtual sports, interactive and entertainment products appeal to a wide variety of gamers, creating new opportunities for operators to increase 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, arcades and other roadside operations ; virtual sports merchandise at more than 32,000 outlets and various online websites; digital games for over 170 websites; and a variety of entertainment solutions with a total installed base of over 16,000 terminals. Additional information is available at www.inseinc.com.
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “will”, “would” and “project” and other similar expressions which indicate future events or trends or which are not Statements of Historical Matters These statements are based on the current expectations and beliefs of Inspired’s management, as well as a number of assumptions about future events.
Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond Inspired’s control and all of which could cause actual results to differ materially from those discussed in the forward-looking statements. Accordingly, forward-looking statements should not be relied upon as representing the opinions of Inspired as of any subsequent date and Inspired undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date on which they were made. been made, whether as a result of new information, future events or otherwise, except as required by law. You are advised to carefully read the “Risk Factors” section of Inspired’s Annual Report on Form 10-K for the year ended December 31, 2021and subsequent quarterly reports on Form 10-Q, which are available free of charge on the United States Securities and Exchange Commission’s website at www.sec.gov and on Inspired’s website at www.inseinc.com.
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SOURCE Inspired Entertainment, Inc.