Inspired Partners with Cristaltec to launch new VLT system for Codere
May 16 2023 – Inspired Entertainment, Inc. (“Inspired”) (NASDAQ: INSE), a leading B2B provider of gaming content, systems and solutions, announces in partnership with Cristaltec S.p.A. (“Cristaltec”), a leader in design, production and distribution of games and devices for the amusement with prize (“AWP”) sector in Italy, the installation of the new Cristaltec VLT cabinets running on Inspired’s platform in Codere, a leading Spanish multinational company in the private gaming sector across Europe and Latin America.
The combination of Codere’s shops’ quality, Inspired’s platform reliability, and Cristaltec’s games and field service operations will deliver high-quality gaming experiences to players throughout Italy.
Codere is the seventh concessionaire to adopt Inspired’s platform in Italy, and Inspired’s in-country partnership with Cristaltec helps to deliver the perfect match for Codere to enrich the Italian VLT market.
“Inspired is committed to the Italian market and providing the strongest and most reliable gaming experience,” said Lee Gregory, Inspired Chief Commercial Officer for Gaming. “With Cristaltec’s partnership, our VLT system for Codere is set up for success.”
“Our goal is to offer our customers safe, fun and innovative entertainment products. Inspired games have convinced us, and we are sure that they will meet the expectations of the most demanding customers,” said Alejandro Pascual Gonzalez, Regional Manager Codere Europe y COO Codere Italia.
“Cristaltec Spa, which has always been a leader in the AWP segment, has focused heavily on VLT and ONLINE products in the last two years, managing to cover all segments of the Italian Gaming Market. Thanks to the exceptional Codere distribution channel, the Inspired system ductility, and the Cristaltec product innovation for cabinets and ability to develop games that intersect with players’ tastes, I am very confident that together we will be able to achieve ever better results in an increasingly competitive market,” said Giovanni Agliata, Cristaltec Founder and AD.
About Inspired Entertainment, Inc. (Nasdaq: INSE)
Inspired offers an expanding portfolio of content, technology, hardware and services for regulated gaming, betting, lottery, social and leisure operators across land-based and mobile channels around the world. Inspired’s gaming, virtual sports, interactive and leisure products appeal to a wide variety of players, creating new opportunities for operators to grow their revenue. Inspired operates in approximately 35 jurisdictions worldwide, supplying gaming systems with associated terminals and content for approximately 50,000 gaming machines located in betting shops, pubs, gaming halls and other route operations; virtual sports products through more than 32,000 retail venues and various online websites; digital games for 170+ websites; and a variety of amusement entertainment solutions with a total installed base of more than 16,000 terminals. Additional information can be found at www.inseinc.com.
Cristaltec develops games and related solutions, designs and produces high end cabinets since 2004 and is a leader in the Italian AWP market since 2008. Besides the Italian market, Cristaltec supplies/develops B1/B2 machines/games for the Spanish market and develops VLT and international-type games. The Company most recently entered the Online gaming market with the acquisition of a Concession License and also presenting itself as a game provider/developer with its own game server infrastructure
Codere is an international gaming operator, with presence in seven countries in Europe –Spain and Italy- and Latin America -Argentina, Mexico, Panama, Colombia and Uruguay-, which operates slot machines, bingo seats and sports betting terminals with an omnichannel offer, both through the online channel and the retail, that include gambling halls, arcades, bars and racetracks. www.grupocodere.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, 2021, and in subsequent quarterly reports on Form 10-Q, which are available, free of charge, on the U.S. Securities and Exchange Commission’s website at www.sec.gov and on Inspired’s website at www.inseinc.com.
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