Inspired Entertainment and William Hill Extend Long-Term Partnership
June 20 2024 - 8:00AM
Inspired Entertainment, Inc. (NASDAQ: INSE) (“Inspired” or the
“Company”), a leading B2B provider of gaming content, technology,
hardware and services, today announced that it entered a six-year
extension of its long-term partnership agreement with William Hill,
the iconic sports betting and gaming brand operating approximately
1,300 betting shops in the United Kingdom. William Hill is a
principal brand within evoke plc (LSE: EVOK), a global betting and
gaming company.
Under the agreement, Inspired will continue to
be the exclusive provider of fully integrated managed services for
William Hill’s entire UK estate of gaming terminals. Services
include installation and remote and field technology support as
well as content and platform deployment.
William Hill has committed to lease 5,000 new Vantage®
terminals, a move intended to significantly enhance their licensed
betting offices and drive growth. Deployment of the new terminals
will begin during the fourth quarter of 2024 with expected
completion in the first quarter of 2025.
“The extension of our partnership with William
Hill adds to a more than 20 years long relationship and strong
strategic partnership for Inspired across Gaming, Interactive and
Virtual Sports business lines,” said Brooks Pierce, President and
Chief Executive Officer of Inspired. “Based on our experience with
the Vantage cabinet in the UK market and the consistent
double-digit growth we’ve observed, the upgraded terminals should
empower William Hill to bring their players an enhanced gaming
experience, ultimately boosting their results.”
“After a full review of product and performance
across both our estate and the UK retail market for gaming
machines, we are pleased to launch a new era for William Hill &
Inspired with this agreement. We are aligned in our focus on
quality, performance and growth in the next stage of our
long-standing partnership with Inspired. I am excited about our
shared commitment to product and content innovation, customer
satisfaction, omni channel delivery and creating long-term value
together,” said Mark Kemp, Group Chief Commercial Officer of evoke
plc.
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 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; interactive 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 press release contains “forward-looking
statements” within the meaning of the “safe harbor” provisions of
the U.S. Private Securities Litigation Reform Act of 1995,
including, but not limited to, statements regarding our ability to
bring certain of our products to customers in the various markets
in which we operate and execute on our strategic plan, statements
regarding expectations with respect to potential new customers and
statements regarding our anticipated financial performance.
Forward-looking statements may be identified by the use of words
such as “anticipate,” “believe,” “continue,” “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
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. 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, 2023, 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. 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.
Contact:For
InvestorsIR@inseinc.com +1 646 277-1285
For Press and Salesinspiredsales@inseinc.com
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