Welcome to our dedicated page for Inspired Entmt news (Ticker: INSE), a resource for investors and traders seeking the latest updates and insights on Inspired Entmt stock.
Inspired Entertainment, Inc. reports developments as a B2B provider of gaming content, technology, hardware and services for licensed online and land-based lottery, betting and gaming operators. Its recurring news themes include quarterly results, Interactive revenue trends, Virtual Sports distribution, retail gaming terminals, and the portfolio mix across Gaming, Virtual Sports, Interactive and Leisure.
Company updates also cover long-term operator agreements, launches of iGaming content in regulated markets, supplier registrations, SaaS distribution relationships and capital actions such as debt repayment and common-stock repurchases. News has also documented the completed sale of the UK holiday parks business and certain associated leisure assets as part of Inspired's portfolio optimization.
Inspired Entertainment has launched its V-Play Plug & Play™ solution at BetMGM, Borgata, and Party Casino in New Jersey. This offering includes a range of virtual sports such as NFL Alumni football, basketball, and soccer. The partnership aims to enhance player experiences and expand Inspired's market presence. With over 40,000 retail channels and availability in 35 countries, Inspired's virtual sports content is recognized globally. The collaboration promises to attract more players, boosting potential revenue for both companies.
Inspired Entertainment, Inc. (NASDAQ: INSE) has partnered with OPAP S.A. to launch V-Play Soccer 3.0 and Matchday 3.0 in Greece. Both products feature enhanced graphics and new features, including first scorer markets and betting options across multiple soccer games every four minutes. The European Tournament introduces a seven-day knockout competition designed for the European Football Championships, allowing players to bet on team progress and overall winners. This launch aims to enhance OPAP's retail betting experience amid the returning retail betting landscape in Greece.
Inspired Entertainment has launched V-Play Soccer 3.0™ in Greece through its partnership with Kaizen Gaming, ahead of the Euro 2020 tournament. This new online offering allows users to engage with virtual soccer, featuring leagues such as the English League and a European National teams competition. The collaboration aims to capitalize on the growing popularity of virtual sports in Greece, with a focus on innovative betting opportunities. Additionally, Inspired plans to introduce V-Play Basketball and expand into other markets later this year.
Inspired Entertainment announced the closing of an underwritten public offering of 5,406,633 shares at $9.25 each, executed by The Landgame Trust, with an additional option for 810,995 shares exercised fully by underwriters. Inspired did not issue any shares and received no proceeds. The offering was managed by B. Riley Securities and Macquarie Capital, with registration statements declared effective by the SEC. Investors can access the offering documents on the SEC website.
Inspired Entertainment, Inc. (NASDAQ: INSE) announced the pricing of a public offering comprising 5,406,633 shares at $9.25 each, set to close on June 1, 2021. The offering will not involve new shares issued by Inspired, nor will it generate proceeds for the company. The underwriters have an option for an additional 810,995 shares. B. Riley Securities and Macquarie Capital are leading the offering, with other firms as co-managers. Relevant registration statements for the securities have been filed and are effective with the SEC.
Inspired Entertainment announced an underwritten public offering of 5,406,633 shares of its common stock by The Landgame Trust. The underwriters also have the option to purchase an additional 810,995 shares. Notably, Inspired is not issuing or selling shares and will not receive proceeds from this offering, except as detailed in the prospectus. B. Riley Securities and Macquarie Capital are the bookrunners, with Craig-Hallum, Roth Capital Partners, and Union Gaming as co-managers. The offering’s registration statements have been declared effective by the SEC.
Inspired Entertainment, Inc. (NASDAQ: INSE) has successfully closed a private offering of £235 million in senior secured notes due 2026, bearing an interest of 7.875% per annum. The funds raised will be utilized to repay existing loans totaling £145.8 million and €93.1 million, alongside related fees and general corporate purposes. Concurrently, a new £20 million super senior revolving credit facility has been established. The notes are guaranteed by Inspired and its subsidiaries and will pay interest semi-annually, starting December 1, 2021.
Inspired Entertainment has launched its remote gaming server platform in Michigan, with an initial set of interactive games now available. This move aligns with the company’s strategy to expand in North America, where it has seen rapid growth. Notably, Michigan reported $94.9 million in internet gaming receipts in April 2021. Inspired aims to leverage its extensive library of in-house developed games to capture market share as more states legalize iGaming.
Inspired Entertainment announced the pricing of its private offering of £235 million in 7.875% senior secured notes due 2026. This offering is set to close around May 20, 2021, and will be used to repay existing loans totaling £145.8 million and €93.1 million, along with covering associated fees and general corporate purposes. Additionally, a new £20 million Super Priority Senior Secured Revolving Credit Facility will be established. The issuance will target Qualified Institutional Buyers and will not be registered under the Securities Act.
Inspired Entertainment, Inc. (NASDAQ: INSE) announced a private offering of £235 million in senior secured notes due 2026. The offering aims to refinance existing liabilities, including a £145.8 million and €93.1 million term loan, alongside covering related fees. Proceeds will also fund general corporate purposes and close out derivative contracts. Inspired plans to establish a £20 million Super Priority Senior Secured Revolving Credit Facility as part of this refinancing initiative. The notes will be offered only to qualified institutional buyers, with no assurance of completion.