Provider Inspired Entertainment announces that it has reached an agreement with Cristaltec to transform its strategic partnership in Italy. In this sense, Cristaltec will purchase Inspired's video lottery terminal (VLT) estate and take over Inspired's VLT managed services contracts.
As explained by Inspired, it will become a platform and games provider, where they will remain responsible for the maintenance, support, and updates of the Italian VLT platform and infrastructure as well as game content.
In this regard, Brooks Pierce, president, and COO of Inspired, mentions the joint work of many years and says: “Working together with Cristaltec, we believe we can better capture the new opportunities that will derive from changes to regulations as well as the evolution of the gaming sector in Italy, where we remain a very committed market participant, including through our continued presence in Virtual Sports ".
This agreement with Inspired better positions Cristaltec within the VLT market, where Inspired is contracted with multiple concessions operating over 5,000 terminals. Cristaltec will take over Inspired's managed service responsibilities including Italian operational support and machine capital obligations. Cristaltec intends to materially upgrade Inspired's current estate of terminals and insert their own games alongside those of Inspired. The upgrade is expected to drive revenue growth and reduction in operational cost.
On the other hand, Giovanni Agliata, president of Cristaltec, believes that the agreement not only benefits both companies, but also customers due to the potential to “greatly improve the product offering, making the whole greater than the sum of its part”.
18+ | Juegoseguro.es – Jugarbien.es
