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Inspired Entertainment Extends Long-Term Agreement with Paddy Power for Gaming Terminals and Content

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Inspired Entertainment (NASDAQ: INSE) signed a long-term extension to remain the exclusive supplier of gaming terminals and content to Paddy Power across its UK retail estate.

The agreement continues a 25+ year relationship, confirms supply of Vantage terminals and an enhanced commitment to Inspired’s premium content for Paddy Power retail operations.

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Positive

  • Exclusive supplier across Paddy Power UK retail estate
  • 25+ year longstanding commercial relationship maintained
  • Vantage terminals and enhanced premium content commitment

Negative

  • None.

Key Figures

2025 Revenue: $304.1 million 2025 Adjusted EBITDA: $111.4 million UK Revenue Mix: 69% +5 more
8 metrics
2025 Revenue $304.1 million Year ended December 31, 2025 (10-K)
2025 Adjusted EBITDA $111.4 million Year ended December 31, 2025 (10-K)
UK Revenue Mix 69% Share of 2025 revenue from UK (10-K)
Recurring Revenue 92% Approximate share of 2025 total revenue (10-K)
Equity Market Cap $251.5 million As of December 31, 2025 (10-K)
Shares Outstanding 27,059,573 Common shares as of December 31, 2025 (10-K)
Adj. EBITDAB Target $110.2 million 2025 bonus plan target (DEF 14A)
Bonus Payout Rate 98.84% of target 2025 short-term incentive outcome (DEF 14A)

Market Reality Check

Price: $8.10 Vol: Volume 63,367 is below th...
low vol
$8.10 Last Close
Volume Volume 63,367 is below the 96,800 20-day average (relative volume 0.65x). low
Technical Shares at $7.20 are trading below the 200-day MA of $8.34 and 27.64% under the 52-week high.

Peers on Argus

Peers show mixed moves: GAMB up 2.49%, while CDRO, ACEL, and ROLR are down betwe...

Peers show mixed moves: GAMB up 2.49%, while CDRO, ACEL, and ROLR are down between 2–4%, and BRAG is flat. With INSE up 1.69%, trading appears more company-specific than sector-driven.

Historical Context

5 past events · Latest: Apr 24 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
Apr 24 Earnings date set Positive +4.3% Announced Q1 2026 results date and conference call details.
Apr 22 Regulatory approval Positive +1.1% Secured Alberta iGaming supplier registration, expanding North American footprint.
Apr 20 Market expansion Positive -1.4% Launched iGaming portfolio in South Africa with six customers via L&W.
Apr 15 Distribution deal Positive -1.9% Signed SaaS distribution agreement with Playtech for Virtual Sports.
Apr 08 Product expansion Positive +4.9% Expanded Virtual Sports with BetMGM/Borgata in New Jersey, adding new titles.
Pattern Detected

Recent expansion and partnership news has led to mixed reactions, with 3 aligned and 2 divergent price moves.

Recent Company History

Over the past month, INSE has focused on expanding its global gaming and virtual sports footprint. It announced virtual sports rollouts with BetMGM and Playtech, a South Africa iGaming launch reaching about 90% of that market, and supplier registration in Alberta ahead of a Q3 2026 iGaming launch. An earnings date was set for May 7, 2026. Today’s long-term Paddy Power extension fits this pattern of reinforcing key partnerships and recurring revenue channels.

Market Pulse Summary

This announcement extends Inspired’s more than two-decade partnership with Paddy Power, keeping INSE...
Analysis

This announcement extends Inspired’s more than two-decade partnership with Paddy Power, keeping INSE as the exclusive supplier of gaming terminals and content across its UK retail estate. It reinforces a business model that already generated 92% recurring revenue in 2025 and leverages long-standing customer relationships. In context of recent market and geographic expansions, investors may watch how this contract supports future revenue mix and upcoming results on May 7, 2026.

Key Terms

forward-looking statements, Adjusted EBITDA, performance restricted stock units, Schedule 13D, +3 more
7 terms
forward-looking statements regulatory
"This press release contains “forward-looking statements” within the meaning..."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Adjusted EBITDA financial
"reports total revenue of $304.1 million and Adjusted EBITDA of $111.4 million..."
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
performance restricted stock units financial
"received a grant of 6,069 performance restricted stock units (PRSUs)."
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
Schedule 13D regulatory
"filed an amended Schedule 13D for Inspired Entertainment..."
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
clawback policy regulatory
"highlights a largely independent Board ... and a clawback policy..."
A clawback policy is a company rule that lets the firm take back pay, bonuses or stock awards from current or former executives if results are later found to be incorrect, misconduct occurred, or targets were missed. It matters to investors because it helps protect the value of their holdings by discouraging risky or fraudulent behavior and ensuring executive rewards reflect real, verified performance—think of it as a return policy for executive pay.
Say‑on‑Pay regulatory
"an advisory Say‑on‑Pay vote on executive compensation..."
A say-on-pay is a shareholder vote that lets investors approve or reject a company’s executive compensation plan, similar to customers voting on whether a product’s price is fair. It matters because it gives owners a direct way to signal whether pay aligns with performance and long-term value, and repeated negative votes can pressure boards to change pay policies and influence future governance decisions.
virtual sports technical
"Inspired’s proprietary games resonate with players ... across interactive, virtual sports, and retail..."
Virtual sports are computer-generated simulations of sporting events — such as horse races, soccer matches or motor races — that run on a continuous, automated schedule and are offered for viewing and betting like real games. Investors care because they create steady, scalable revenue streams with lower production costs than live events, but carry regulatory, licensing and reputation risks similar to other gambling products.

AI-generated analysis. Not financial advice.

NEW YORK, May 06, 2026 (GLOBE NEWSWIRE) -- Inspired Entertainment, Inc. (“Inspired” or the “Company”) (NASDAQ: INSE), a leading B2B provider of gaming content, systems, and solutions, today announced that it has signed a long-term contract extension as the exclusive provider of gaming terminals and content to Paddy Power, a bookmaker that owns and operates betting shops across the UK and Ireland. Paddy Power is a core brand within Flutter Entertainment plc (LSE: FLTR), a global leader in sports betting, gaming, and entertainment.

As part of the agreement, Inspired will continue to supply its products across the entire Paddy Power retail estate in the UK. Under the terms of the extension, Inspired will remain the sole supplier of gaming terminals to Paddy Power for the duration of the contract, delivering its market-leading Vantage terminals alongside an enhanced commitment to Inspired’s premium content portfolio.

The agreement builds on a longstanding relationship spanning more than 25 years, during which Inspired has provided a fully managed service to Paddy Power’s retail operations. The extension reflects the continued strength of the partnership and a shared focus on delivering engaging player experiences and consistent operational performance.

Brooks Pierce, President and Chief Executive Officer of Inspired, said: “We are delighted to extend our long-standing partnership with Paddy Power, a relationship that has been built over more than two decades of collaboration and shared success. This agreement reinforces our position as a trusted partner, delivering high-quality terminals and engaging content that drive performance for our customers. We look forward to continuing to support Paddy Power’s retail business.”

Vince Bateson, Paddy Power’s Head of Retail Gaming, said: “Inspired has been a key partner to Paddy Power for many years, consistently delivering market leading technology and slots content that resonates with our customers. We are pleased to extend this relationship, ensuring continuity across our retail estate while benefiting from ongoing innovation in terminals and content. We look forward to continuing our collaboration and are committed to providing the best gaming experience for our retail players.”

About Inspired Entertainment, Inc.

With a proven track record of innovation, Inspired is a leading provider of content, technology, hardware and services for licensed gaming, betting and lottery operators around the world. Inspired’s proprietary games resonate with players and deliver consistent performance for gaming operators across interactive, virtual sports, and retail gaming environments. Inspired’s content and gaming systems are designed to work together across digital and retail channels, enabling scalable deployment and a consistent player experience. Through this integrated content-led approach, Inspired helps operators strengthen their offerings, drive engagement, and deliver compelling player experiences. 

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. We cannot guarantee that the results anticipated by management, as set forth herein, will be realized or, even if realized, will have the expected effects on our results of operations or financial performance. Such results may be affected by, among other things, the “Risk Factors” section of Inspired’s annual report on Form 10-K for the fiscal year ended December 31, 2024, 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 Investors
IR@inseinc.com


FAQ

What did Inspired Entertainment (INSE) announce about its contract with Paddy Power on May 6, 2026?

Inspired announced a long-term extension to remain the exclusive provider of gaming terminals and content to Paddy Power in the UK. According to Inspired, the deal continues a 25+ year partnership and includes supply of Vantage terminals and expanded premium content for Paddy Power retail.

Does the INSE agreement make Inspired the sole supplier of terminals to Paddy Power in the UK?

Yes. The extension keeps Inspired as the sole supplier of gaming terminals to Paddy Power for the contract duration. According to Inspired, this exclusivity covers the company’s Vantage terminals across Paddy Power’s entire UK retail estate and includes enhanced content delivery.

How long has Inspired (INSE) supplied terminals and content to Paddy Power prior to the extension?

Inspired has supplied Paddy Power for more than 25 years before this extension. According to Inspired, the relationship spans 25+ years during which Inspired provided a fully managed service to Paddy Power’s retail operations across the UK and Ireland.

What products will Inspired (INSE) continue to supply to Paddy Power under the new agreement?

Inspired will continue supplying its market-leading Vantage gaming terminals and an enhanced portfolio of premium content. According to Inspired, the deal maintains terminal supply and strengthens commitment to delivering engaging player content across Paddy Power retail locations.

What operational benefits does the contract extension deliver for Paddy Power and Inspired (INSE)?

The extension ensures continuity of terminal technology and content across Paddy Power’s retail estate and supports consistent operational performance. According to Inspired, the agreement reflects ongoing collaboration to deliver engaging player experiences and continuity for retail operations.