Inspired announces new contract with SNAITECH in Italy


NEW YORK, January 27, 2021 / PRNewswire / – Inspired Entertainment, Inc. (“Inspired”) (NASDAQ: INSE) today announced that it has entered into a new agreement with SNAITECH in Italy to provide virtual sports both online and in retail locations. SNAITECH, a subsidiary of Playtech (LSE: PTEC), offers sports and horse betting, virtual sports, video lotteries, slots, online and mobile, esports and pari-mutuel with a retail betting network consisting of more than 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 seven additional Virtuals products in 2021, including Matchday Ultra â„¢, Penalties â„¢ and Marble Racing â„¢.

“Inspired and SNAITECH have worked closely together over the past seven years through a successful partnership that has made Inspired the largest provider of virtual sports 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 the enjoyment of gamers, which should optimize performance.”

“2020 has been a tough year for retail revenue across the board, but the launch of Virtuals on SNAITECH’s sports betting app in 2020 increased Virtuals’ revenue on the online channel fivefold.” , comment Fabio Schiavolin, CEO of Snaitech. “We are very pleased with this performance and excited to deliver the largest suite of new games ever released since the initial launch. ”

Inspired’s award-winning virtual sports are popular around the world, attracting a wide variety of players through more than 40,000 retail channels and over 100 websites in 35 countries. Trailers and demos of the latest Virtual Sports offerings are available at www.inseinc.com/virtuals/.

About Inspired Entertainment, Inc.

Inspired offers an expanding portfolio of content, technology, hardware and services for regulated operators of gaming, betting, lottery, social media and entertainment through retail and mobile channels around the world. The Company’s games, virtual sports, interactive and entertainment products appeal to a wide variety of players, creating new opportunities for operators to increase their revenues. The Company operates in approximately 35 jurisdictions around the world, providing gaming systems with terminals and associated content for more than 50,000 gaming machines located in betting shops, pubs, arcades and casinos. other road operations; virtual sports products through more than 44,000 retail channels; digital games for over 100 websites; and a variety of entertainment solutions with a total installed base of over 19,000 devices. Additional information is available at www.inseinc.com.

Forward-looking statements

This press release may contain “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 may 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 are not statements of historical issues. These statements are based on the current expectations and beliefs of the management of Inspired, 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 which could all cause actual results to differ materially from the results discussed in the forward-looking statements. Therefore, forward-looking statements should not be taken to represent the views of Inspired at any later date, and Inspired makes no commitment to update any forward-looking statements to reflect events or circumstances after the date on which they are made. were 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, 2019 and in Inspired’s subsequent quarterly reports on Form 10-Q, which are available free of charge on the US Securities and Exchange Commission website at www.sec.gov.

About Snaitech

SNAITECH is one of the leading dealers in Italy in the gaming and betting sectors. Born from the integration between Snai Spa and the companies of the Cogetech group at the end of 2015. From this integration, with a fundamental strategic value both from a financial and commercial point of view, a new reality was born, thanks to the expertise, to the resources and the size required to compete Italy and all over the world at maximum levels.

It is one of the most important licensees for the management of authorized games in Italy. Thanks to its multichannel technology, it offers sports and horse betting, virtual sports, video games, new slot machines, both online and mobile (poker, games of skill, casino games, bingo), esports and pari-mutuel, via its network point of sale and online.

Contact:

For investors
Aimee Remey
[email protected]
+1 646 565-6938

For press and sales
[email protected]

Snaitech press office
E-mail: [email protected]
Mobile: +39.348.49.63.434

SOURCE Inspired Entertainment, Inc.

Related links

http://www.inseinc.com