INSPIRED ANNOUNCES ACQUISITION OF SPORTECH LOTTERIES
Jordan2022-01-04T14:07:09+00:00INSPIRED ANNOUNCES ACQUISITION OF SPORTECH LOTTERIES Acquisition to expand Inspired’s content reach to new customers and geographies and build out a platform of turnkey lottery/iGaming systems solutions. Concurrently, Inspired and LEIDSA have agreed to a 10-year extension to the lottery systems contract Upfront purchase price of US$12.5 million represents a multiple of 4.0x Sportech Lotteries’ Adjusted EBITDA1 for the last twelve months (LTM) ended June 30, 2021 and 3.5x Sportech Lotteries’ (pre-COVID) Adjusted EBITDA1 for calendar year 2019 New York, January 4, 2022 — Inspired Entertainment, Inc. (“Inspired” or the “Company”) (NASDAQ: INSE), a leading [...]