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Inspired Entertainment, Inc.

United States · NASDAQ: INSE · Market cap: · P/E: · P/S:

Inspired Entertainment sells gaming software, machines, and platforms to lottery, betting, and casino operators.

Inspired Entertainment makes the games and machines that other gambling companies put in front of their customers. If you walk into a betting shop in the UK and see a row of screens showing virtual horse races, or play a slot machine at a casino, there's a decent chance the software running it came from Inspired. The company doesn't own the casinos or take the bets itself — it supplies the content and the plumbing, and the operators pay it for the right to use them.

The business splits into a few connected pieces. Its biggest is gaming: physical slot machines and the terminals that run virtual sports, where a computer animates a horse race or soccer match and players bet on the outcome in under a minute. It also sells a digital platform that lets operators run online casino and sports betting, plus a growing library of online slot content. The customers are licensed operators — bookmakers, casinos, and lotteries — who choose Inspired because it offers a one-stop shop of games, hardware, and back-end systems that are already approved by regulators. The economics are appealing because much of the money is recurring. Operators pay for machines placed on their floors and share a cut of what those machines earn, and platform customers pay ongoing fees. That gives Inspired a stream of revenue that doesn't require winning new customers every month. The flip side is that it's deeply tied to the fortunes of the gambling industry and to regulation — when a jurisdiction tightens rules on slot machines or betting terminals, Inspired feels it directly.


Inspired has been buying up content studios to bulk up its online game library, betting that digital casino games will grow faster than physical machines. It's a sensible hedge, since the same operator relationships can be sold both hardware and software. The company is headquartered in New York, though its roots and much of its customer base are in the UK and Europe.

Saved answer · last researched 15 Nov 2026