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Inspired Announces Proposed Sale of UK Holiday Parks Business to GENDA Inc.
GlobeNewswire News Room· 2025-08-27 11:00
Core Insights - Inspired Entertainment, Inc. has entered into a definitive agreement to sell its UK holiday parks business and associated leisure assets to GENDA Inc. for approximately £18.6 million ($25.1 million) in cash, subject to customary adjustments and closing conditions [1][2] - The transaction aligns with Inspired's strategy to transition towards a more digital and scalable model, enhancing long-term growth potential and improving EBITDA margins [2] - The sale is expected to close in the fourth quarter of 2025, pending regulatory approvals and customary closing conditions, with net proceeds primarily allocated to debt repayment [3] Company Overview - Inspired Entertainment is a leading B2B provider of gaming content, technology, hardware, and services, operating in approximately 35 jurisdictions worldwide [5] - The company manages over 50,000 gaming machines and offers a diverse portfolio of gaming, virtual sports, and leisure products [5] - The UK holiday parks business involved operating and managing more than 11,000 amusement and gaming machines across about 170 family entertainment centers and adult gaming centers [2] GENDA Overview - GENDA Inc. is a global entertainment company operating a wide range of businesses, including amusement, karaoke, and food & beverage, with approximately 1,000 amusement arcades and 14,000 mini-locations [7][8] - The company aims to build a global entertainment network and increase the "total amount of fun" distributed worldwide [7]