Core Insights - Inspired Entertainment, Inc. has announced a strategic partnership with Mecca Bingo to supply 170 advanced gaming machines, enhancing the gaming experience for customers [1][2][3] - The five-year agreement is valued at approximately $12.7 million, which includes installation and a full servicing package [2][3] - The partnership aims to support Mecca Bingo's commitment to innovation and excellence in the gaming sector [4] Company Overview - Inspired Entertainment provides a diverse portfolio of gaming content, technology, hardware, and services for regulated gaming and leisure operators globally [5] - The company operates in around 35 jurisdictions, supplying systems for approximately 50,000 gaming machines and various digital and virtual sports products [5]

Wall Street analysts expect Inspired Entertainment (INSE) to post quarterly earnings of $0.11 per share in its upcoming report, which indicates a year-over-year decline of 21.4%. Revenues are expected to be $74.3 million, down 7.6% from the year-ago quarter. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Before a company ...

"We're thrilled to be expanding our partnership with bet365," said Brooks Pierce, President and CEO at Inspired. "Our goal is to deliver high-quality content that meets the evolving needs of players in North America. bet365 knows what its customers want and we're confident that we can drive growth and provide an exceptional gaming experience for bet365's Pennsylvania customers." Inspired offers an expanding portfolio of content, technology, hardware and services for regulated gaming, betting, lottery, socia ...

Core Viewpoint - Inspired Entertainment, Inc. is set to report its financial results for the second quarter of 2024 on August 8, 2024, and will host a conference call to discuss these results and general business trends [2]. Company Overview - Inspired Entertainment, Inc. is a leading B2B provider of gaming content, technology, hardware, and services, operating in approximately 35 jurisdictions worldwide [6]. - The company supplies gaming systems and associated terminals for around 50,000 gaming machines located in various venues, including betting shops and gaming halls [6]. - Inspired offers a diverse portfolio that includes virtual sports products available in over 32,000 retail venues and digital games for more than 170 websites [6]. - The company has a total installed base of over 16,000 terminals for amusement entertainment solutions [6]. Conference Call Information - The conference call will take place at 8:00 a.m. ET on August 8, 2024, with a live audio-only webcast available on the company's website [2][5]. - Participants can join the call by dialing 1-800-715-9871 (US) or 1-646-307-1963 (International) [3].

Conference Call Information Webcast: A live audio-only webcast of the call can be accessed through the "Events & Presentations" page of the Company's website at www.inseinc.com under the Investors link. Please follow the registration prompts. About Inspired Entertainment, Inc. Contact: For Investors IR@inseinc.com +1 646 277-1285 NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) -- Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE), a leading B2B provider of gaming content, technology, hardware and services, a ...

NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) -- 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 com ...

Core Insights - Inspired Entertainment, Inc. has entered an agreement with Alberta Gaming, Liquor and Cannabis (AGLC) to purchase 150 new Valor terminals following a successful six-month trial period [1][2] - The deployment of the new terminals is expected to be completed by the end of the second quarter of 2024 [1] - The partnership with AGLC is seen as a significant step in expanding Inspired's presence in the Canadian market, complementing existing operations in Ontario and Saskatchewan [2] Company Overview - Inspired Entertainment, Inc. provides a diverse portfolio of gaming content, technology, hardware, and services for regulated gaming, betting, lottery, social, and leisure operators globally [3] - The company operates in approximately 35 jurisdictions worldwide, supplying gaming systems and associated terminals for around 50,000 gaming machines [3] - Inspired's offerings include virtual sports products available in over 32,000 retail venues, interactive games for more than 170 websites, and amusement entertainment solutions with over 16,000 installed terminals [3]

Financial Performance - Total revenue for Q1 2024 was $63.1 million, a decrease of 2.8% compared to $64.9 million in Q1 2023[14] - Net loss for Q1 2024 was $5.7 million, compared to a net loss of $1.4 million in Q1 2023, representing a significant increase in losses[14] - The company reported a comprehensive loss of $4.4 million for Q1 2024, compared to a comprehensive loss of $3.9 million in Q1 2023[14] - The Company reported a net operating loss of $1.4 million for the three months ended March 31, 2024, compared to a net operating income of $4.6 million in the same period of 2023[56][57] - Net operating loss for the three months ended March 31, 2024, was $1.4 million, a decrease of $5.7 million compared to the prior year period[93] - The company recorded a net loss of $5.7 million for the three months ended March 31, 2024, compared to a net loss of $1.4 million in the prior year period[94] Cash Flow and Liquidity - Cash and cash equivalents decreased to $35.3 million as of March 31, 2024, down from $40.0 million at the end of 2023, a decline of 18.8%[13] - Cash flows from operating activities provided $3.6 million in Q1 2024, a decrease from $11.6 million in Q1 2023[21] - Net cash inflow from operating activities decreased to $3.6 million for the three months ended March 31, 2024, down from $11.6 million in the same period in 2023, a decline of $8.0 million[174] - The company had liquidity of $35.3 million in cash and an undrawn revolver facility of $6.3 million as of March 31, 2024, compared to $27.8 million in cash and $24.7 million in undrawn revolver facilities as of March 31, 2023[180] - The company reported a working capital outflow of $1.8 million for the three months ended March 31, 2024, compared to a $2.0 million inflow for the same period in 2023[180] Expenses and Costs - Selling, general and administrative expenses increased to $34.2 million in Q1 2024, up from $29.2 million in Q1 2023, an increase of 17.2%[14] - The company incurred $2.3 million in stock-based compensation expense in Q1 2024, down from $2.9 million in Q1 2023[21] - Selling, general and administrative expenses increased by $4.1 million, or 16%, primarily due to restatement costs of $5.0 million and increased non-staff costs[89] - The defined benefit pension scheme has a net periodic cost of $0.2 million for Q1 2024, up from $0.1 million in Q1 2023[53] Assets and Liabilities - Total assets decreased to $331.1 million as of March 31, 2024, down from $340.9 million at the end of 2023, a reduction of 2.3%[13] - Total liabilities decreased slightly to $412.3 million as of March 31, 2024, from $418.9 million at the end of 2023, a decrease of 1.6%[13] - Accounts payable and accrued expenses totaled $57.6 million as of March 31, 2024, a decrease from $60.8 million as of December 31, 2023[29] - The company had an ending balance for the allowance for credit losses of $1.1 million as of March 31, 2024, unchanged from December 31, 2023[27] Revenue Segmentation - Revenue from the Gaming segment was $24.0 million, while the Virtual Sports segment generated $12.4 million, Interactive segment $8.1 million, and Leisure segment $18.6 million for Q1 2024[56] - Approximately 75% of revenue for the three months ended March 31, 2024, was derived from the UK, 10% from Greece, and 15% from the rest of the world[69] - Geographic revenue breakdown for Q1 2024 shows UK revenue at $47.2 million, Greece at $6.1 million, and the Rest of the World at $9.8 million[58] Operational Metrics - The average installed base of Gaming terminals increased by 0.6% to 34,924 terminals as of March 31, 2024, compared to 34,711 terminals a year earlier[99] - Customer Net Win per unit per day rose by 1.0% to £72.2 from £71.5, indicating improved performance despite overall revenue decline[99] - The number of machine sales decreased by 14.4% to 589 units in Q1 2024 from 688 units in Q1 2023[99] - The average installed base of pub digital gaming machines rose by 4.6% to 6,308 terminals, compared to 6,028 terminals last year[154] Tax and Regulatory Matters - The effective income tax rate for the three months ended March 31, 2024, was 27.4%, resulting in an income tax benefit of $2.2 million[41] - The company recorded a valuation allowance against all deferred tax assets as of March 31, 2024, and 2023, indicating a cautious outlook on future profitability[42] - The company received a subpoena from the SEC on March 12, 2024, regarding its recently restated financial statements[205] - Management believes the outcome of the SEC investigation remains uncertain and is not estimable at this time[206] Shareholder Actions - The company has authorized up to $25.0 million for share repurchases, with no repurchases made in the three months ended March 31, 2024, and a total of 1,193,118 shares repurchased at a cost of $12.0 million as of March 31, 2024[188] - The company issued a total of 340,735 shares during the three months ended March 31, 2024, related to equity-based plans[35] Currency and Foreign Operations - The company’s Euro functional currency net assets total approximately $17.3 million, while USD functional currency net assets total approximately $6.7 million[196] - A hypothetical 10% adverse change in the value of the Euro and USD relative to GBP would result in translation adjustments of approximately $1.6 million favorable and $0.7 million unfavorable, respectively[196] - A 10% weakening of GBP against the USD would change trading operational results favorably by approximately $0.1 million and result in unfavorable translation adjustments of approximately $9.4 million[198]

Exhibit 99.1 INSPIRED REPORTS FIRST QUARTER 2024 RESULTS New York, New York, May 10, 2024 - Inspired Entertainment, Inc. ("Inspired" or the "Company") (NASDAQ: INSE), a leading B2B provider of gaming content, technology, hardware and services, today reported financial results for the three-month period ended March 31, 2024. "As we begin 2024, we remained focused on our long-term strategy to shift a greater proportion of our earnings to our aggregate digital business, which includes our Virtual Sports and In ...

First Quarter Revenue of $63.1 million versus $64.9 million in the prior year periodFirst Quarter Net Loss of $(5.7) millionFirst Quarter Adjusted EBITDA of $16.3 millionExpanded video lottery terminal placements by Western Canada Lottery Corporation with 720 Additional Valor™ Terminals in SaskatchewanAnnounced the exclusive launch of its NBA Re-Play Virtual Sports product with long-time partner OPAP NEW YORK, May 10, 2024 (GLOBE NEWSWIRE) -- Inspired Entertainment, Inc. ("Inspired" or the "Company") (NASDA ...