Marks Inspired’s Entry of Virtual Sports to Social Gaming in the U.S.
NEW YORK, July 21, 2020 – Inspired Entertainment, Inc. (“Inspired” or the “Company”) (NASDAQ: INSE) today announced that it has launched V-Play Plug & Play™, its complete end-to-end online and mobile sportsbook, on social gaming platform FendOff Sports. This is Inspired’s first social gaming partnership and marks FendOff as the first social gaming platform provider to launch 14 channels of Inspired’s award-winning Virtual Sports, including Basketball, Football, Horse Racing, Soccer and Car Racing, taking Virtuals into an entirely new and exciting domain.
From the makers of Chumba Casino, FendOff Sports is a unique sports social gaming experience available in 49 U.S. states and requires no purchase for a chance to win real prizes. A subsidiary of social gaming operator, Virtual Gaming Worlds (“VGW”), FendOff Sports allows players to put their picking skills to the test against a community of like-minded fans. FendOff Sports gives away free sweepstakes entries, which can be used to play games for a chance to win prizes that can be redeemed for digital gift cards.
“We are very excited to launch with FendOff Sports, as we believe the Social Gaming space in the U.S. offers great opportunities for Virtual Sports,” said Brooks Pierce, President and Chief Operating Officer of Inspired.
VGW is considered a pioneer of social gaming with social casino brand Chumba Casino, online poker-room based brand Global Poker and, most recently, FendOff.com, its new social sports prediction game with the main idea of picking a winner based on a player’s knowledge, experience, and gut feeling.
“People love to predict the outcomes of sporting events, so we expect Virtual Sports to be very popular with our player base,” said Laurence Escalante, Founder of Virtual Gaming Worlds. “The superior graphics, frequency of events and breadth of playing options make Inspired’s Virtuals a great way to keep our social gaming players engaged all day every day.”
About Inspired Entertainment, Inc.
Inspired offers an expanding portfolio of content, technology, hardware and services for regulated gaming, betting, lottery, social and leisure operators across retail and mobile channels around the world. The Company’s gaming, virtual sports, interactive and leisure products appeal to a wide variety of players, creating new opportunities for operators to grow their revenue. The Company operates in approximately 35 jurisdictions worldwide, supplying gaming systems with associated terminals and content for more than 50,000 gaming machines located in betting shops, pubs, gaming halls and other route operations; virtual sports products through more than 44,000 retail channels; digital games for 100+ websites; and a variety of amusement entertainment solutions with a total installed base of more than 19,000 devices. Additional information can be found at www.inseinc.com.
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,” “will,” “would” and “project” and other similar expressions that indicate future events or trends or are not statements of historical matters. These statements are based on Inspired’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events.
Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of Inspired’s 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 Inspired’s views as of any subsequent date, and Inspired does 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 required by law. You are advised to review carefully the “Risk Factors” section of Inspired’s annual report on Form 10-K for the fiscal year ended December 31, 2019, which is available, free of charge, on the U.S. Securities and Exchange Commission’s website at www.sec.gov.
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