Moody's Investors Service, ("Moody's") has today downgraded Inspired Entertainment, Inc. ("Inspired" or "the company")'s probability of default Rating (PDR) to D-PD from Caa1-PD, and the company's corporate family rating (CFR) to Caa2 from Caa1. Concurrently, Moody's has downgraded to Caa2 from Caa1 the instrument ratings on the GBP220 million equivalent backed senior secured term loan B (GBP 140 million term loan B1 and EUR 90 million term loan B2) and the GBP20 million backed senior secured revolving credit facility (RCF), all borrowed by Gaming Acquisitions Limited.
First Quarter Revenue Increased 55.4% Year-Over-Year, to $52.3 Million, Despite Disruption from the Ongoing COVID-19 Global Pandemic That Has Impacted the Company's Land-Based Business
Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE) today announced that it will report financial results for the first quarter ended March 31, 2020 on Monday, May 18, 2020, before the market opens. Inspired management will host a conference call and simultaneous webcast at 10:00 a.m. ET / 3:00 p.m. in the UK the same day to discuss the Company's results and general business trends.
4.8 million viewers tuned in to watch the Virtual Grand National 2020 created by Inspired Entertainment, Inc. (Inspired") (NASDAQ: INSE), the Company announced today. Potters Corner won the virtual race, but the real winner was NHS Charities Together, the UK National Health Service organization that will receive the event's approximately £2.6 million in profits, donated by Inspired and all bookmaker operators as part of the fight against COVID-19.
Churchill Downs announced today plans to celebrate the first Saturday in May, the traditional date of the annual Kentucky Derby, by hosting a day-long at-home Kentucky Derby party to raise $2 million for COVID-19 emergency relief efforts.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Inspired Entertainment, Inc. London, 28 April 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Inspired Entertainment, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Inspired Entertainment, Inc. (INSE) delivered earnings and revenue surprises of -45.00% and 27.24%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Fourth Quarter Revenue Increased 116.2% Year-over-Year to $66.4 Million Driven by Growth Across Business Segments and Acquisition of Novomatic Gaming Technology Group ("Acquired Businesses" or "NTG Acquisition")
Moody's Investors Service, ("Moody's") has today downgraded Inspired Entertainment, Inc. ("Inspired" or "the company")'s corporate family rating (CFR) to Caa1 from B1 and probability of default rating (PDR) to Caa1-PD from B1-PD. Concurrently, Moody's has downgraded the instrument ratings to the GBP220 million equivalent senior secured term loan (GBP 140 million and EUR 90 million) and the GBP20 million senior secured revolving credit facility (RCF) to Caa1 from B1, all borrowed by Gaming Acquisitions Limited. More specifically, the weaknesses in Inspired's credit profile have left it vulnerable to revenue reduction and poor liquidity in these unprecedented operating conditions, and the company remains vulnerable to the outbreak for as long as the current lockdowns continue.
NEW YORK, NY / ACCESSWIRE / March 11, 2020 / Inspired Entertainment, Inc. (NASDAQ:INSE) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 11, 2020 ...
Inspired Entertainment, Inc. ("Inspired" or the "Company") (NASDAQ: INSE) today provided an update on the effect of COVID-19 on its global operations. Inspired remains focused on maintaining the health and welfare of its teams and, in accordance with governmental restrictions, has temporarily closed its physical locations. The Company will continue to follow the guidelines of government and health officials in determining when to reopen. For this same reason, the majority of the Company's land-based customers have also been required to close, which significantly impairs Inspired's current revenue stream. Due to this business disruption caused by the nearly universal directives to close land-based facilities worldwide, the Company's management and Board of Directors have implemented a range of actions to maintain financial flexibility and preserve liquidity.
Inspired Entertainment Inc (INSE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
As an investor, mistakes are inevitable. But really bad investments should be rare. So consider, for a moment, the...
Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE), a world-leading Virtual Sports provider, today announced the launch of its groundbreaking new V-Play Basketball on bet365.com. The leading online operator with more than 45 million customers launched V-Play Basketball earlier this week and is one of the first operators to host two dedicated streams, a U.S. Basketball and a separate European Basketball variant, with a new event every two minutes. Since its inaugural launch in 2019, V-Play Basketball achieved immediate success, becoming one of the best performing Virtual Sports online and delivering significant incremental revenue for Inspired customers.
The latest analyst coverage could presage a bad day for Inspired Entertainment, Inc. (NASDAQ:INSE), with the analysts...
Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE) today announced that it has signed a contract with DraftKings to provide its new V-Play Plug & Play™ solution, a complete end-to-end online virtual sportsbook product that allows DraftKings to access Inspired's award-winning Virtual Sports with minimal integration effort and rapid speed-to-market. With this contract, the U.S.-based digital sports entertainment and gaming company that offers mobile and retail betting for major national and global sports, will gain access to 14 Virtual Sports variants, including Basketball, Football, Horse Racing, Soccer and Car Racing, to make them available to DraftKings' New Jersey customers on desktop and mobile platforms.
Shares of Inspired Entertainment (NASDAQ:INSE) rose 15.6% in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share fell 225.00% year over year to ($0.78), which missed the estimate of ($0.64).Revenue of $52,300,000 up by 55.33% from the same period last year, which missed the estimate of $53,890,000.Guidance Inspired Entertainment hasn't issued any earnings guidance for the time being.Inspired Entertainment hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: May 18, 2020View more earnings on INSETime: 10:00 AMET Webcast URL: https://www.webcaster4.com/Webcast/Page/1975/34675Technicals 52-week high: $9.70Company's 52-week low was at $1.87Price action over last quarter: down 48.31%Company Description Inspired Entertainment Inc is a gaming technology company based in the United States. Its core business involves the development of Virtual Sports and Server-Based Gaming systems with associated terminals and digital content to regulated betting, gaming and lottery operators around the world. It operates through two segments, which are Server Based Gaming and Virtual Sports. The Company provides digital gaming solutions on its network that accommodates various devices, including land-based gaming machine products, mobile devices, such as smartphones and tablets, as well as a personal computer (PC) and social applications.See more from Benzinga * 15 Communication Services Stocks Moving In Monday's Pre-Market Session * Stocks That Hit 52-Week Lows On Thursday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Inspired Entertainment, Inc. (INSE) delivered earnings and revenue surprises of 0.00% and -0.72%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
On the date that is annually reserved for the "Most Exciting Two Minutes in Sports," the first Saturday in May, 1.7 million viewers tuned in to watch the 13 Triple Crown winners battle it out in "The Kentucky Derby: Triple Crown Showdown" created by Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE), the Company announced today. In a virtual race for the ages, Secretariat emerged as the ultimate champion, winning the race 47 years after winning the Kentucky Derby at Churchill Downs.
Inspired Entertainment, Inc. ("Inspired") (NASDAQ: INSE) announced today that it has created 'The Kentucky Derby: Triple Crown Showdown' for Churchill Downs Racetrack's nationwide virtual 'Kentucky Derby at Home' party to be televised on NBC on May 2 from 3:00 -6:00 p.m. EDT. During the broadcast, Derby fans will witness Inspired's ultra-realistic 3D CGI representation of the Kentucky Derby featuring the 13 Triple Crown winners from the past century in an ultimate face-off. Viewers will get to experience the magic of the Derby with a stunning, fully accurate re-creation of the Twin Spires of Churchill Downs and the atmosphere of Derby Day on the first Saturday in May.