NEW YORK, Aug. 8, 2018 /PRNewswire/ -- Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE) today announced the extension of its Video Lottery Terminal ("VLT") and Virtual Sports agreements in Greece with OPAP S.A. ("OPAP"), the leading Greek betting and lottery operator. This new multi-year extension includes the commitment to deliver an additional 965 VLTs and an additional Virtual Sports product and channel.
This agreement will allow Inspired to continue to supply its innovative products and games for server based gaming VLTs in Greece. Inspired will also add another 965 VLTs to its previous contracts to supply 7,395 machines, bringing its total allocation to 8,360, with over 5,000 machines now operating as part of OPAP's continued deployment of VLTs into its retail network.
Furthermore, Inspired has extended the term of its Virtual Sports agreement with OPAP. OPAP will also be adding another Virtual Sports channel to launch Football Matchday™. Football Matchday™ is being customized together with OPAP to provide a product specifically for Greek players. Football Matchday™ is being launched before the end of 2018, alongside Rush Football 2™, which has been offered since April 2017.
"We are very pleased to continue our strategic partnership with OPAP," said Lorne Weil, Executive Chairman of Inspired. "We have worked closely with OPAP to deliver the best possible products and we are grateful to be awarded additional machines and Virtual Sports content as recognition. We look forward to extending our success with OPAP."
"We always look to offer our customers the highest quality of innovative gaming products," said Damian Cope, Chief Executive Officer of OPAP. "We seek to cooperate with the industry's leading providers of gaming technology and solutions and we are happy to expand our relationship with Inspired through more VLTs and the launch of a second Virtual Sports channel."
About Inspired Entertainment, Inc.
Inspired is a global games technology company, supplying Virtual Sports, Mobile Gaming and Server Based Gaming systems with associated terminals and digital content to regulated lottery, betting and gaming operators around the world. Inspired currently operates approximately 30,000 digital gaming terminals and supplies its Virtual Sports products through more than 40,000 retail channels and over 100 websites, in approximately 35 gaming jurisdictions worldwide. Inspired employs approximately 800 employees in the UK and elsewhere, developing and operating digital games and networks. Additional information can be found at www.inseinc.com.
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that indicate future events or trends or are not statements of historical matters. These statements are based on our management's current expectations and beliefs, as well as a number of assumptions concerning future events.
Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of our control and all of which could cause actual results to differ materially from the results discussed in the forward-looking statements. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in our reports filed with the Securities and Exchange Commission, including our annual report on Form 10-K, our quarterly reports on Form 10-Q and our current reports on Form 8-K, which are available, free of charge, on the SEC's website at www.sec.gov and on our site at www.inseinc.com.
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SOURCE Inspired Entertainment, Inc.