Inspired Entertainment- INSE

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Re: Inspired Entertainment- INSE

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Bravo 👏🏻 INSE

Inspired Reports Positive Second Quarter 2020 Results

NEW YORK, Aug. 13, 2020 /PRNewswire/ --

Second Quarter Online Revenue1 More than Doubled Year Over Year on a Pro Forma Basis2 and Strength Continues with July Online Revenues Increasing 82% Year Over Year

Second Quarter Revenue of $15.6 Million and Adjusted EBITDA3 of $2.1 Million Despite Customer Closures Related to COVID-19, Due to Extensive Cost Containment and Strong Demand for Online Offerings

Approximately 90% of Server Based Gaming Machines Were Available for Play as of August 1st with Encouraging Results; July Average Customer Gross Win Per Unit Per Day Increased Year Over Year and Was Tracking At or Above Pre-COVID Levels4

Liquidity Position Remains Strong with Cash of $40 Million at Quarter End Following Agreement with Lenders to Amend Covenants without Requirement to Raise Additional Capital
Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE) today reported financial results for the second quarter ended June 30, 2020.

Total Revenue and Adjusted EBITDA3 were $15.6 million and $2.1 million in the second quarter of 2020, despite the temporary suspension of the Company's worldwide land-based business resulting from the ongoing COVID-19 global pandemic ("COVID-19 Closures"), mainly due to the aggressive cost containment efforts implemented by management. The Company's total online business across its gaming and Virtual Sports online channels showed strength and resilience in the quarter with revenues increasing by $4.9 million from the second quarter of 2019 on a pro forma basis, demonstrating the growing presence and popularity of the Company's online offerings.

"We are pleased with the fundamentals of our business as we have navigated the impact of the COVID-19 Closures. Given these closures, we expected a negative impact in the second quarter, however the implementation of aggressive cost-savings measures and the strong demand in our online business, which more than doubled on a pro forma basis versus last year's second quarter, helped to compensate for the retail closures and we were able to achieve EBITDA profitability during the quarter," said Lorne Weil, Executive Chairman of Inspired.

https://investors.inseinc.com/2020-08-1 ... 20-Results
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Re: Inspired Entertainment- INSE

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Naar aanleiding van uw posts een beetje ingelezen en eergisteren een klein gokje gewaagd ;-) Ik zie wel een opportuniteit naar de toekomst toe.

Ik duim vanaf nu met u mee ;-)

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Re: Inspired Entertainment- INSE

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Inspired Virtuals First to be Authorized in Turkey
Inspired Signs Contract with Sisal Sans to Provide V-Play Plug & Play™ Solution


Oct 13, 2020, 08:00 ET
NEW YORK, Oct. 13, 2020 /PRNewswire/ -- Inspired Entertainment, Inc. ("Inspired" or the "Company") (NASDAQ: INSE) today announced the Company's Virtual Sports will be the first Virtuals product authorized in Turkey on behalf of the Turkish National Lottery. Inspired signed a contract with Sisal Sans, a Turkish joint venture between Sisal SPA and Şans Digital ve Interaktif Hizmetler Teknoloji Yatirim A.S., to provide its V-Play Plug & Play™ solution, a complete end-to-end online virtual sportsbook product. Inspired's award-winning Virtual Sports have been authorized by the Turkish Wealth Fund Management and will now be available on desktop and mobile through misli.com.

In 2019, Italy's Sisal Group, in partnership with Şans Digital ve Interaktif Hizmetler Teknoloji Yatirim A.S., an affiliate of Turkey conglomerate Demirören Holding, won the bidding process called by Turkey's Sovereign Wealth Fund, the license holder of the Turkish National Lottery (Milli Piyango) for a ten-year operational contract.

"We have worked with Sisal for many years in Italy, supplying our video lottery terminals, Virtuals and mobile products. We are thrilled to partner with their Turkish joint venture, Sisal Sans, to offer our Virtuals products in Turkey," said Brooks Pierce, President and Chief Operating Officer of Inspired. "Our Virtuals have proven popular in the U.K., Italy and Greece and we see Turkey as an opportunity to showcase our new Plug & Play™ solution and the strength of our overall Virtuals offerings."

"We have been tasked with maximizing revenue of the Turkish National Lottery to benefit the Turkish public and we believe our positive performance will be based on innovation," said Selim Ergun, CEO of Sisal Sans. "Inspired's Virtual Sports speak to that innovation, offering fast-paced action, ultra-realistic player simulations and a tremendous breadth of bet types, and we are excited to be the first certified website to offer Virtuals in Turkey. We are looking forward to working with the Inspired team to bring a continual stream of betting content to our customer base, especially given the limited live sports now available."

The season never ends online with Inspired Virtual Sports, supporting online and mobile betting 365 days a year, 24 hours a day, 7 days a week. Please see the Inspired website for trailers and demos of the latest Virtual Sports offerings at www.inseinc.com/virtuals/.

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Re: Inspired Entertainment- INSE

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