Inspired Entertainment Scores Big: Bags Rights To Develop NBA Virtual Sports Games
Portfolio Pulse from Shivani Kumaresan
Inspired Entertainment Inc (NASDAQ:INSE) has signed an agreement with the National Basketball Association (NBA) to develop virtual sports games using the NBA's archived footage. The NBA-themed offerings will allow fans to wager on teams in fast-paced matchups. The news has led to a slight increase in INSE shares.
October 09, 2023 | 2:52 pm
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POSITIVE IMPACT
Inspired Entertainment's new partnership with the NBA to develop virtual sports games could potentially increase its market share and revenue.
The partnership with the NBA allows Inspired Entertainment to tap into the NBA's large fan base, potentially increasing its customer base and revenue. The news has already led to a slight increase in INSE shares, indicating positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100