Inspired Secures Long-Term Contract Extension with Flutter-Owned Paddy Power

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INSPIRED ENTERTAINMENT ($NASDAQ:INSE), Inc. (NASDAQ: INSE) recently announced that they have secured a long-term contract extension with Flutter Entertainment-owned Paddy Power. This will continue their successful collaboration that has been ongoing for many years. INSPIRED ENTERTAINMENT is a leading provider of technology-based gaming solutions to regulated gaming operators worldwide. With an extensive portfolio of both virtual sports and mobile gaming content, they are continuously innovating to stay at the forefront of the industry.

This contract extension marks an important milestone for INSPIRED ENTERTAINMENT and their relationship with Flutter Entertainment. This will ensure their presence in the competitive gaming industry, where they have become a leader in providing innovative gaming products and services. With this contract extension, INSPIRED ENTERTAINMENT is set to continue to provide high-quality gaming solutions to their customers for years to come.

Price History

On Monday, INSPIRED ENTERTAINMENT announced that it had secured a long-term contract extension with Flutter-owned Paddy Power. This news was welcomed by investors, as the company’s stock opened at $13.9 and closed at $14.1, up by 1.4% from the last closing price of $13.9. The new agreement will see INSPIRED ENTERTAINMENT continue to provide its Virtual Sports and other sports betting content to Paddy Power’s online and retail customers across Europe.

This marks a significant milestone for the company, as it demonstrates their growing presence in the sports betting market. As a result of this new deal, INSPIRED ENTERTAINMENT is well-positioned to capitalize on future growth opportunities in this sector. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Analysis

At GoodWhale, we recently conducted an analysis of INSPIRED ENTERTAINMENT‘s financials. After our assessment, we have determined that INSPIRED ENTERTAINMENT is a medium risk investment in terms of both financial and business aspects. We were able to identify two risk warnings in the income sheet and balance sheet. If you’re interested in learning more about these risks, please register with us so you can access the full report. With our detailed report, you can be sure you’re making the most informed decisions when it comes to investing in INSPIRED ENTERTAINMENT. More…

Peers

The competition in the gaming industry is becoming increasingly fierce. Inspired Entertainment Inc is up against some tough competition from Greek Organisation of Football Prognostics SA, Galaxy Gaming Inc, and NanoTech Gaming Inc. All of these companies are vying for a piece of the pie in the gaming industry.

– Greek Organisation of Football Prognostics SA ($OTCPK:GOFPY)

The company’s market cap is 4.66B as of 2022 and its ROE is 40.93%. The company’s main business is providing football prognostics and it operates in Greece, Cyprus, Bulgaria, Romania and Serbia.

– Galaxy Gaming Inc ($OTCPK:GLXZ)

Galaxy Gaming is a gaming company that designs, develops, and manufactures casino table games and gaming machines. The company has a market cap of $54.5 million and a return on equity of -17.74%. Galaxy Gaming is headquartered in Las Vegas, Nevada.

Summary

Inspired Entertainment Inc. has recently entered a long-term contract extension for its Flutter-owned Paddy Power brand. This agreement allows the company to continue to provide game and platform products across the Paddy Power network. The agreement is expected to drive increased revenue and profits with minimal additional investments.

Additionally, the contract gives Inspired an increased presence in the U.K. market, where Paddy Power is a leading sports betting and gaming brand. Investors should view this contract extension as a positive sign of the company’s strong performance and future prospects.