Despite Economic Upheaval, Inspired Says Sale Still Possible

3 November 2008

Inspired Gaming Group on Friday said trading for the year just ended was in line with expectations and that, despite wider economic instability, a sale for all or part of the company is still a possibility.

Since the July sale of its loss-making pubs division to Danoptra Gaming Group and a £40 million round of fundraising, the company said trading across its United Kingdom and international divisions has been encouraging.

Its licensed betting outlet division grew 7 percent versus last year driven by server-based gaming content. Growth across the previous 12 weeks, moreover, has jumped to 10 percent, despite the consumer confidence downturn in the United Kingdom.

The company's gaming division, whose clients include Gala Coral and Stanley Casinos, saw income from analogue machines decline but recurring income from server-based gaming content up.

Inspired's international division, whose markets include Macau, South America and the United States, benefited from a number of deals with companies like IceSkill of Florida, Holland Casino and Mexico's Hipódromo de Agua Caliente.

Inspired, with a market capitalization of £4.37 million, closed down 4 percent at 6 pence.

Guiness Peat Group, the London-based activist investment company, recently upped its stake in Inspired's ordinary shares from 2.75 percent to just over 14 percent.

No news has leaked of a potential suitor.

Chris Krafcik is the editor of IGamingNews. He lives in St. Louis, Mo.