Inspired Entertainment has sold its Italian video lottery terminal (VLT) business to Cristaltec SPA as it transitions to a platform and games provider
Inspired Entertainment has sold its Italian picture lottery terminus (VLT) byplay to Cristaltec SPA as it transitions to a political platform and games provider.
In a recent deal, Inspired in agreement(p) to component part with its VLT land and VLT managed services contracts, which will shift to Cristaltec, who will now live responsible for its operational sustenance and machine capital letter obligations.
Inspired meantime will go on to maintain, livelihood and update the Italian VLT program and infrastructure, as intimately as gritty content.
Through this agreement, Cristaltec is aiming to meliorate view itself inward the VLT market, where Inspired has contracts with concessions operating over 5,000 terminals.
“All of our do work is aimed at up the services offered to our customers and we trust this correspondence non only benefits both companies, but also our customers and the Italian market as a whole,” said Cristaltec’s President Giovanni Agliata.
“We make a great relationship with Inspired and this collaboration allows apiece of us to nidus on our core group competencies. We are a leading manufacturer with top out games inwards the amusement with prize (AWP) marketplace and Inspired provides a proven VLT political platform with pop gamy franchises worldwide.”
Moreover, Cristaltec intends to materially rising slope Inspired’s electric current VLT landed estate and introduce its own games alongside those of Inspired.
Commenting on this unexampled agreement, Van Wyck Brooks Pierce, Inspired President and COO, said: “We have got worked with Giovanni and the team at Cristaltec for many years and greatly abide by the stage business they’ve reinforced in the AWP market, where they get an splendid reputation with the concessionaires.
“Working unitedly with Cristaltec, we trust we put up best captivate the unexampled opportunities that testament come from changes to regulations as substantially as the organic evolution of the gaming sphere inward Italy, where we remain a very committed securities industry participant, including through and through our continued front inwards virtual sports.”
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