INSPIRED AND THE CAGE COMPANIES ANNOUNCE EXCLUSIVE VIRTUAL SPORTS AGREEMENT ACROSS THE CARIBBEAN
Inspired to Offer Retail and Online Virtuals through CAGE Sports to the Caribbean
New York and Bethesda, Md., February 16, 2021 – Inspired Entertainment, Inc. (“Inspired”) (NASDAQ: INSE) announced today it has entered into an exclusive agreement with The CAGE Companies (An RLJ Companies Majority Owned Company) and its subsidiary, CAGE Sports BV, to offer Inspired’s multi-award winning virtual sports in CAGE’s retail outlets and interactive channels throughout the Caribbean. CAGE is a prominent video lottery and video gaming terminal operator in the Caribbean and South America.
Inspired will provide its V-Play Plug & Play™ (“VPP”) online and mobile product solution to CAGE’s interactive channels through online platforms and its best-in-class virtual sports to retail venues throughout the Caribbean starting in 2021. VPP includes multiple custom sports variants for CAGE customers, including virtual cricket, which Inspired will be introducing for the first time as part of its VPP solution given the popularity of cricket in the Caribbean.
“The CAGE Companies have established themselves as the Caribbean’s premier gaming route operator and Robert L. Johnson is a true visionary. We are looking forward to working with them and extending our partnership to deploy our leading content into the market," said Brooks Pierce, President and Chief Operating Officer of Inspired. "Our virtuals have proven popular in Europe, Asia, Africa and North America and we see the Caribbean as an opportunity to showcase the strength of our overall offerings.”
CAGE and its affiliates can also sublicense the products to third-party operators in the Caribbean.
"We are thrilled to be able to offer Inspired’s leading virtual sports to our customer base in the Caribbean, providing an engaging betting experience and further complementing our sports betting business,” said Robert L. Johnson, Founder of The RLJ Companies and Co-Founder and Majority Owner of the CAGE Companies. “With Inspired’s virtuals, and cricket in particular, our customers’ favorite sports seasons don’t have to end and our retailers can enjoy the financial benefits of the extended season.”
“We look forward to starting up our virtual sports operations in a number of Caribbean countries where CAGE Sports has existing licenses or management agreements during the late first quarter/early second quarter 2021,” said Robert B. Washington, Co-Founder, Chairman and CEO of the CAGE Companies. “We are also excited about partnering with Inspired in creating new ‘Caribbean Legends of Cricket’ virtual sports games which we believe will create customer excitement in the Caribbean community and beyond,” stated Robert B. Washington.
Inspired's pioneering virtual sports are popular worldwide, appealing to a wide variety of players through more than 40,000 retail channels and 100+ websites in 35 countries. Trailers and demos of the latest virtual sports offerings are available at www.inseinc.com/virtuals/.
Aimee Remey
Investor Relations
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