Pennsylvania grants Inspired Entertainment an iGaming license
Announced today, the company added Pennsylvania to its growing list of North American territories.
As part of its ongoing North American expansion strategy, Inspired Entertainment is now authorized to operate within Pennslyvania after receiving an Interactive Gaming Manufacturer License.
The license itself will authorize Inspired to offer its Interactive games to licensed online operators serving Pennsylvania. The expected launch is in the summer of 2022 and will deliver multiple game titles upon launch.
Brooks Pierce, President, and Chief Operating Officer at Inspired said: “Pennsylvania is one of the largest iGaming states in North America and we are excited to add it to our North American geographies, which already includes New Jersey, Michigan, Connecticut, Quebec, and Ontario.”
He continued: “Many of the licensed online operators in Pennsylvania are already Inspired customers in other jurisdictions, which should allow for us to launch our top-performing content quickly and seamlessly into the market. With the growing popularity of our content, increased brand awareness, and rapid speed to market, we are confident we are well-positioned to capitalize on this opportunity.”
Not long ago, the company’s first-quarter of 2022 numbers were released, showing an increase of 166% in total revenue. Gaming revenue also increased year over year to $24.1m.
Net Income improved to $1.5m in the first quarter of 2022 and virtual sports revenue increased 84% year-over-year to a record $11.6m.
In regards to these numbers, Lorne Weil, Executive Chairman of Inspired said: “We have had a strong start to the year, generating year-over-year revenue growth across our business units, while also laying the groundwork for the long-term growth and profitability of our business.”
He went on to say: “We continue to be encouraged by the trends and demand in our online and land-based businesses and remain extremely excited about our North American strategic growth initiatives.”
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