The contract extension with Inspired Entertainment ensures that Paddy Power will continue to offer high-quality Virtual Sports products to its customers. This partnership is likely to have a positive impact on Flutter Entertainment's stock price in the short term, as it demonstrates the company's commitment to providing a diverse range of gaming options.

The long-term contract extension with Paddy Power, a major player in the betting industry, ensures a stable revenue stream for Inspired Entertainment. This partnership strengthens Inspired's position in the market and is likely to have a positive impact on its stock price in the short term.