Inspired Entertainment, reported financial results for the three-month period ended September 30, 2019. 

Total Revenue for the three months ended September 30, 2019 was $26.6 million, a year-over-year decrease of $9.0 million, or 25.3%, on a reported basis, and $7.5 million, or 21.0%, on a functional currency (£) at constant rate basis.  Adjusted EBITDA¹for the three months ended September 30, 2019 was $8.7 million, a year-over-year decrease of 46.5% on a reported basis and 43.4% on a functional currency (£) at constant rate basis. 

The Company’s Revenue and Adjusted EBITDA were negatively impacted by the reduction in maximum B2 stakes to £2 in the UK LBO market implemented on April 1, 2019.  The Company completed its acquisition of Novomatic’s Gaming Technology Group on October 1^st and third quarter results are not reflective of the acquisition.