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Inspired Completes Acquisition Of Novomatic UK’s Gaming Technology Group

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Combination Diversifies and Broadens Scale and Scope of Inspired’s Footprint and Product Offering

 

Inspired Entertainment, Inc. announced that it has completed the acquisition of the Gaming Technology Group (“NTG”) of Novomatic UK Ltd., a division of NOVOMATIC GROUP, a leading international supplier of gaming equipment and solutions.

This acquisition combines Inspired’s position and expertise in server based gaming, virtual sports and interactive with NTG’s diversified gaming products and popular content, across a complementary customer base.  Inspired is a leading supplier of Category B2/B3 gaming terminals, and NTG is a leading supplier of Category B3, C and D gaming terminals to pubs, arcades, motorway service areas and holiday resorts in the UK.  Inspired will now supply (i) gaming systems with associated terminals and content for more than 58,000 gaming machines located in betting shops, pubs, gaming halls and other route operations, (ii) virtual sports products through more than 44,000 retail channels, (iii) digital games for 100+ websites and (iv) a variety of amusement entertainment solutions with a total installed base of more than 19,000 devices. Inspired continues to be well positioned to supply an extensive range of products and services across the UK, Europe and beyond.

Inspired plans to draw on each organization’s core strengths to broaden offerings, bring differentiated gaming products to new sectors and geographies, accelerate key growth initiatives and offer enhanced capabilities, systems, field service and content.  The addition of NTG is expected to help diversify Inspired’s UK business and enable Inspired to expand into contiguous customer segments with very little overlap of existing customers. Inspired’s position and expertise in server based gaming is expected to accelerate NTG’s development initiatives to transition the pub gaming sector from analog to digital gaming machines, systems and content. Together, Inspired and NTG are well positioned to capitalize on further converting NTG’s game library for online deployment.

“This acquisition is transformational for Inspired as it unites two highly complementary businesses to create a company that we expect to be a leader in the gaming industry with innovative content, state-of-the-art technology and an expansive footprint,” said Lorne Weil, Executive Chairman of Inspired.  “We see significant opportunities across the combined companies to accelerate our growth, expand our reach and set new standards for innovation and service in the industry.”

Mr. Weil continued, “The larger scale of the combined organization will offer a one-stop service for gaming, virtual sports, interactive and leisure products – and a complete gaming solution that operators can use to reach players wherever they are, whenever they want to play and in any channel they choose.  We expect to be able to deliver meaningful value to our shareholders as the acquisition is integrated.”

To acquire NTG, Inspired paid approximately €104.6 million in cash.  In connection with the acquisition, Inspired entered into a new term loan facility for £140 million and €90 million and a £20 million revolving credit facility. The term loan facility was used, in part, to finance the acquisition, to pay off existing indebtedness and to pay fees and expenses related to the acquisition and related financing.  The refinancing of the current debt is expected to result in a reduction in cost of debt capital.

Inspired expects to achieve US$12.3 million to US$13.3 million of annual cost synergies (across cost of sales and selling, general and administrative costs and excluding one off implementation costs), within six months of the closing date based upon the 1.269 USD/GBP spot exchange rate at the time of signing of the transaction, through shared costs and increased scale.  Inspired expects to be able to make efficient use of shared manufacturing, engineering, software development, field maintenance and customer service to drive growth and cost savings.  Inspired further expects to reduce capital deployed in the pub gaming sector.

About Inspired Entertainment, Inc.
Inspired offers an expanding portfolio of content, technology, hardware and services for regulated gaming, betting, lottery, 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 58,000 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.

 

Source: Inspired Entertainment, Inc.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Inspired Completes Acquisition Of Novomatic UK’s Gaming Technology Group

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SiGMA Group Announces Malta iGaming Awards Contenders

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Gala dinner will be followed by a charity auction in aid of the SiGMA Foundation 

SiGMA Group has announced the finalists for the Malta iGaming Awards taking place 26th November 2019, at the Hilton Hotel, St Julian’s, Malta.

The awards evening includes a gala charity dinner at the Hilton Hotel with a number of paintings and artworks to be auctioned off to raise money for good causes. The fund-raiser is organised by SiGMA Group and all proceeds will go towards The SiGMA Foundation.

SiGMA Group is welcoming the cream of the iGaming community to the Awards night gala, which will provide a chance for premier networking with fellow industry leaders, and an opportunity to mingle with the creative minds behind the artworks. The auction will feature a number of innovative pieces from established artists, both local and international.

This year there are some 30 awards categories, reflecting how the iGaming sector has expanded and diversified over the last year.

And the nominations are…

Affiliate Network Of The Year (sponsored by Finductive Max)
– Matching Visions / BetAffiliation / Advendor

Affiliate Program Of The Year (sponsored by STS)
– Betzest / MrGreen / Betsson Group Affiliates

Affiliate Software Of The Year   (sponsored by FunFair Technologies)
– MyAffiliates / Netrefer / CAKE

Casino Affiliate Of The Year  (sponsored by BetSoft)
– Kafe Rocks / Raketech / Blexr

Asian Live Dealer Of The Year  (sponsored by Bank Roulette)
– Oriental Gaming / Lotus Gaming / eBet

Asian Slot Provider Of The Year  (sponsored by Lucky.io)
– Ganapati / Betsoft / Ameba Entertainment

Asian Platform Provider Of The Year (sponsored by Cryptopay)
– Tripleone Tech / SA Gaming / TC Gaming

Asian Product Of The Year  (sponsored by Fashion TV)
Asia Gaming / Betsoft / InPlayMatrix

Game Vendor Of The Year  (sponsored by SimplePlay)
– Yggdrasil / Play’n GO / Pragmatic Play

Hosting Service Of The Year (sponsored by Playtech)
– Internet Vikings / Continent8 / Netshop ISP

Online Casino Of The Year  (sponsored by Pragmatic Play)
– Kindred / Betsson Group / BitStarz

B2B Platform Of The Year  (sponsored by Ganapati)
– BetConstruct / SkillOnNet / Play’n GO

Sportsbook Affiliate Of The Year (sponsored by Intertops)
– BetterCollective / Catena Media / Alex Affiliates

Sportsbook Operator Of The Year  (sponsored by Altenar)
– William Hill / Betsson Group / 1xBet

Corporate Social Responsibility Of The Year  (sponsored by United Remote)
– Betsson Group / Microgaming / Skywind

Crypto Payment Solution Of The Year  (sponsored by Dao Group)
– Cryptopay / CoinsPaid / Bitbay Pay

Instant Win Of The Year  (sponsored by Acquiring.com)
– Hacksaw / Neogames / Gluck Games

Fastest Growing White Label Of The Year  (sponsored by Stakelogic)
– Cashmio / Gate 777 / Frank and Fred Casino

Innovator Of The Year  (sponsored by iGaming Academy)
– Videoslots / Hero Gaming / Evolution Gaming 

Legal Firm Of The Year (sponsored by Netshop ISP)
– WH Partners / KSI Malta / Tal Ron. Drihem & Co

iGaming Media Of The Year  (sponsored by Hexopay)
– Gambling Compliance / Focus Gaming News / CalvinAyre.com

Mobile Gaming Provider Of The Year (sponsored by Pragmatic Solutions)
– Habanero / Play’n GO / Reel NRG

Multi-channel Provider Of The Year  (sponsored by Continent8)
– Betconstruct / Betgames.tv / Singular

Multi-Product Provider Of The Year  (sponsored by Apollo Games)
– BetConstruct / InPlayNet / Microgaming

East-Meets-West Consultancy Of The Year
– BDO / iGaming Asia / SMP eGaming

Payments Provider Of The Year (sponsored by Bitbay Pay)
– Trustly / HiPay / Zimpler

Training Service Provider Of The Year  (sponsored by United Remote)
– iGaming Academy / MCAST / Totally Gaming Academy 

Trustly Pay N Play Product Of The Year (sponsored by Trustly)
– Hero Gaming / No Account Casino / ComeOn!

Tokenized Gaming Asset Of The Year  (sponsored by Betconstruct)
– Lucky.io / G8C / FunFair

Tokenized Casino Game Of the Year  (sponsored by UltraPlay)
Lucky.io / BitCasino / CoinPoker

SiGMA’19 takes place from 26th to 29th November at the MFCC in Ta Qali, Malta, kicking off with the Malta iGaming Awards at the Hilton on Tuesday 26th.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: SiGMA Group Announces Malta iGaming Awards Contenders

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Japan Tourism Agency Issues IR Proposal Timeline

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Japan Tourism Agency has announced further details on the IR licensing schedule.

The Agency explained it will accept proposals from local governments between January 4 and July 30, 2021. Therefore, we can expect Japan regions to pick IR consortium partners in late 2020 and early 2021.

The Agency also disclosed it has conducted consultations with interested governments. The Tokyo Metropolitan Government, prefectures of Hokkaido, Nagasaki, Osaka, and Wakayama; and the cities of Chiba, Nagoya, Osaka, and Yokohama contacted them.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Japan Tourism Agency Issues IR Proposal Timeline

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PAGCOR’s Andrea Domingo to Present Opening Keynote for G2E Asia @ the Philippines

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PAGCOR chair Andrea Domingo is going to present the opening Keynote for the inaugural G2E Asia @ the Philippines, to be held at Marriott Manila on December 3–4, 2019.

Organisers of G2E Asia revealed that Ms. Domingo would speak at 10 am on December 3, with other speakers including Resorts World Manila’s Chief Gaming Operations Officer Hakan Datas and Melco Resorts & Entertainment’s SVP and Chief Information Officer, Avery Palos.

G2E Asia @ the Philippines is the newest addition to the G2E Asia series of events, held annually in Macau each year since 2007. Focused on the development of emerging ASEAN markets and comprising an exhibition, educational conference, summit and various networking opportunities, G2E Asia @ the Philippines is being held in cooperation with PAGCOR, addressing the land-based and online gaming operators across Asia.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: PAGCOR’s Andrea Domingo to Present Opening Keynote for G2E Asia @ the Philippines

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