Inspired Sees More Than 2X Growth In Virtual Gaming Revenue

Global slot and virtual sports content licensing company Inspired Entertainment Inc. announced recent gains and business advancements on Tuesday (Feb. 9) for its online operations. Its online businesses experienced a two-and-a-half fold gain during 2020 and increased from $1.7 million in January (2020) to $4.3 million in December.

The rise in earnings throughout last year can also be attributed to the current customer base in Europe, the launch of Virtual Plug & Play (“VPP”), and the popularity of Inspired’s exclusively designed content and better game quality. Product launches are expected to reach 50-plus customers in Italy, Sweden, Turkey, Germany, the U.K., Canada, Mexico, Belgium, New Jersey and Greece. In addition to the VPP product, Inspired’s remote gaming server platform is expected to launch at the beginning of 2021 and will include 12 slot titles. Expansion into new markets such as New Jersey, West Virginia and Michigan is expected to propel growth throughout 2021.

During the 2020 calendar year, Inspired’s casino gameplay increased from 8,000 plays per minute to over 22,000 plays per minute. The spike in player volume showed Inspired’s technology platform which was able to respond and support an increase in unexpected player volume. Growth trends for both the company and the overall industry are expected to rise in 2021 through the addition of virtual sports and online casino games, jurisdictional expansion and commercial agreements with the sports betting giant Entain.

“We are very pleased to see our online business continue its impressive revenue growth trajectory,” said Lorne Weil, executive chairman of Inspired. “Online gaming is a multi-billion-dollar, high-growth segment, and we believe we have barely scratched the surface with our casino and virtual sports products.”