Inspired Gaming Group, a global supplier of server-based gaming (SBG), video lottery terminal (VLT) and virtual sports technology, has sold its UK-based amusement and leisure division to Playnation in a private equity-backed Management Buy Out (MBO) deal.
will use the proceeds to invest in the expansion of its gaming technology
business internationally, driven by the growth of government sponsored
networked gaming. Playnation, meanwhile, will be able to invest new capital in
its leadership position in the UK high-volume, low-stakes amusement and leisure
market. Playnation will be led by Adam Hodges, formerly managing director of Inspired’s
is an important further step in the evolution of Inspired Gaming Group into a
pure play international gaming technology leader,” said Luke Alvarez, CEO and
founder of Inspired. “It strengthens Inspired’s balance sheet and enables a
sole focus on the fast-growing UK and international SBG / VLT / V-Sports
markets. It allows Playnation to leverage its unique leadership position within
UK high-volume, low-stakes entertainment to invest in and grow its business.”
part of the sale, Inspired will supply Playnation with our server-based
products under a license agreement, allowing Playnation to benefit from the
latest games and technology while growing our digital estate,” Alvarez added.
Inspired will continue to operate from its current locations in the UK,
Italy, Mexico, Colombia and China. The company is a leading supplier of SBG
slots in the UK and government regulated VLTs in Italy. It supplies its
server-based gaming machines and virtual sports betting products to bingo
halls, betting shops and casinos in over 30 countries.
Inspired Gaming spins off amusement business to concentrate on SBG wagering products
February 14, 2013