Inspired Entertainment Gains Nasdaq Approval for Compliance Plan

Date: 2024-02-06 Author: Dima Zakharov Categories: EVENTS
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Nasdaq Approves Inspired’s Plan

Inspired Entertainment, a leading B2B gaming content and technology provider, has successfully gained approval for its compliance plan from the Nasdaq Stock Market. This development comes after Inspired's recent challenges with filing financial reports in a timely manner. The company's compliance plan involves addressing these issues and ensuring that the necessary reports are submitted promptly.

Late Filings and the Need for Compliance

Inspired Entertainment initially faced scrutiny from Nasdaq when it failed to submit its Q3 2023 report on time. The company attributed the delay to the identification of accounting errors in multiple quarterly reports dating back to January 2021. Nasdaq, while allowing some additional time, emphasized that such late filings violated its rules.

Despite missing the initial deadline, Inspired Entertainment submitted its compliance plan on January 23, which Nasdaq has now officially accepted.

Upcoming Product Showcases at ICE London

In addition to its compliance efforts, Inspired Entertainment has exciting plans for the future. The company recently announced its participation in ICE London, a major tradeshow scheduled from February 6 to 8. At this event, Inspired will unveil a range of new products and innovations.

One notable addition is NBA-themed virtual sports, a product resulting from Inspired's collaboration with the NBA. These virtual sports offerings will feature official NBA imagery, including team logos and archived footage, enhancing the gaming experience.

Moreover, Inspired will introduce Hybrid Dealer, a novel product category that combines physical and digital elements to engage fans. The company will also showcase the cutting-edge Vantage Cat C cabinet.

Lastly, Inspired Entertainment will provide a sneak peek into its upcoming projects by featuring a mix of iGaming content and mechanics at ICE London. This display promises to offer a glimpse of the company's future endeavors in the gaming industry.
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