Betfred to Procure 5,000 Vantage™ Cabinets
in New Contract
NEW
YORK, Nov. 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 contract with Betfred
Group, a UK-based bookmaker that owns and operates over 1,400
betting shops in the UK with over 50 years of experience.
![](https://mma.prnewswire.com/media/452284/Inspired_White_Logo.jpg)
As part of this agreement, Inspired will exclusively provide
Betfred with fully integrated managed services for its entire
estate of over 5,500 terminals, including installation, remote and
field technology support, as well as platform and content
deployment. In addition, Betfred has committed to the procurement
of 5,000 new Vantage™ server based gaming ready cabinets throughout
2023. The latest edition to the Inspired VLT family, Vantage is
powered by an intelligent operating system that features a modern
and intuitive next-generation menu with key functionality that
drives player game recommendations based on their playing
sessions.
"This is a milestone contract for Inspired, securing our largest
UK betting shop customer estate 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 as
part of this contract, and we expect that arrangement to be the
norm for our LBO customers going forward."
"Inspired has been a trusted key supplier for 20 years with whom
we have a very collaborative partnership," said Mark Stebbings, Betfred Group Chief Operating
Officer. "We aspire to provide our customers with the best possible
experience and Inspired's new Vantage cabinet delivers. We have
been impressed with Vantage's results and we are excited for our
customers to enjoy Inspired's best-in-class innovative technology,
hardware and content."
About Inspired Entertainment,
Inc. (Nasdaq: INSE)
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.
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, 2021, and 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 Relations
IR@inseinc.com
+1 646 565-6938
For Press and Sales
inspiredsales@inseinc.com
www.inseinc.com
@Inspired_News
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SOURCE Inspired Entertainment, Inc.