NEW YORK, Jan. 27, 2021 /PRNewswire/ -- Inspired
Entertainment, Inc. ("Inspired") (NASDAQ: INSE) announced
today it has entered into a new agreement with SNAITECH in
Italy to provide Virtual Sports
both online and in retail venues. SNAITECH, a subsidiary of
Playtech (LSE: PTEC), offers sport and horse race betting, virtual
sports, video lottery, slots, both online and mobile, esports and
pari-mutuel with a retail betting network comprised of over 1,500
points of sale located throughout Italy. This new contract expands the
scale and scope of the Company's relationship and includes the
launch of Virtual Sports on SNAITECH's sports betting app and an
additional seven Virtuals products in 2021, including Matchday
Ultra™, Penalties™ and Marble Racing™.
"Inspired and SNAITECH have been collaborating closely for the
past seven years through a successful partnership which has made
Inspired the largest Virtual Sports supplier in Italy since the initial launch in 2013," said
Brooks Pierce, President and COO of
Inspired. "This contract defines new terms and expands the game
library for players to enjoy, which should optimize
"2020 has been a tough year for retail revenues across the board
but the launch of Virtuals on SNAITECH's sports betting app in 2020
has multiplied the Virtuals revenues on the online channel by five
times," comments Fabio Schiavolin,
CEO at Snaitech. "We are very pleased with this performance
and excited to boast the largest suite of new games ever released
since the original launch."
Inspired's award-winning Virtual Sports are popular worldwide,
appealing to a wide variety of players through more than 40,000
retail channels and 100+ websites in 35 countries. Trailers
and demos of the latest Virtual Sports offerings are available at
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 retail and mobile
channels around the world. The Company's gaming, virtual
sports, interactive and leisure products appeal to a wide variety
of players, creating new opportunities for operators to grow their
revenue. The Company operates in approximately 35
jurisdictions worldwide, supplying gaming systems with
associated terminals and content for more than 50,000 gaming
machines located in betting shops, pubs, gaming halls and other
route operations; virtual sports products through more than 44,000
retail channels; digital games for 100+ websites; and a variety of
amusement entertainment solutions with a total installed base of
more than 19,000 devices. Additional information can be
found at www.inseinc.com.
Forward Looking Statements
This news release may contain "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, 2019 and in Inspired's
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.
SNAITECH is one of the leading concessionaries in Italy in the gaming and betting sectors.
Founded through the integration between Snai Spa and the Cogetech
group companies in late 2015. From this integration, with a
fundamental strategical value both from a financial and business
point of view, a new reality was born, thanks to the expertise, the
resources and the dimensions required to compete in Italy and around the world at maximum
It is one of the most important concessionaries for the
management of the authorized games in Italy. Thanks to its multichannel technology
offers sport and horse racing betting, virtual sports,
videolottery, new slot, both online and mobile (poker, skill games,
casino games, bingo), esports and pari-mutuel, through its point of
sales network and online.
+1 646 565-6938
For Press and Sales
Snaitech Press Office
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SOURCE Inspired Entertainment, Inc.