Gaming company Inspired Entertainment to Transfer Holiday Parks Operations to GENDA
Inspired Entertainment Sells Holiday Parks Business for $25.11 Million
In a significant move, Inspired Entertainment has announced that it has entered into a definitive agreement to sell its holiday parks business to GENDA Inc. The sale, valued at $25.11 million in cash, is expected to close in Q4 2025, subject to customary adjustments and closing conditions.
The holiday parks business, which consists of over 11,000 gaming machines across 170 family entertainment centers and adult gaming centers in holiday parks across the UK, will be a strategic addition to GENDA Inc.
Lorne Weil, executive chair of Inspired, hailed the agreement as "the next step in the ongoing evolution" of the company's strategy. Weil believes that the sale offers "strong long-term growth potential and a higher margin profile."
The sale will help to further align Inspired's portfolio, increasing its digital EBITDA mix. This move will provide Inspired's operations with increased flexibility in capital allocation, allowing the company to focus more on its digital and scalable model.
Inspired's Q2 results, published a few weeks ago, indicate a positive financial position, setting a solid foundation for the company's future digital-focused endeavours.
In addition to the sale, Inspired Entertainment has appointed Aimee Remey as its new vice president of investor relations. Remey's expertise will be instrumental in communicating the company's strategic shift to its investors.
Global Leisure Partners served as Inspired's exclusive financial advisor, while Hugh James served as the legal advisor for Inspired in the proposed sale. Brown Gibbons Lang & Company and Hill Dickson served as GENDA's financial and legal advisors, respectively.
The sale streamlines Inspired's operations, moving the company towards a more agile, less capital and labor intensive structure. The net proceeds from the transaction will help Inspired Entertainment cover some of its outstanding debts, improving its financial health.
The transaction is expected to improve Inspired's company-wide EBITDA margin, further enhancing its financial position. This move aligns with Inspired's continued transition to a more digital and scalable model, positioning the company for long-term success in the digital gaming industry.
