{"id":205241,"date":"2022-03-14T10:31:14","date_gmt":"2022-03-14T17:31:14","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=205241"},"modified":"2022-03-14T10:48:01","modified_gmt":"2022-03-14T17:48:01","slug":"inspired-gaming-undervalued-has-big-potential-says-analyst","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/","title":{"rendered":"Inspired Gaming Interesting, Inexpensive Lottery Equity"},"content":{"rendered":"<p>Inspired Entertainment (NASDAQ:INSE) is overlooked among gaming equities, but perhaps it shouldn&#8217;t be. Some analysts argue the supplier of video gaming terminals (VGT) and software is inexpensive relative to its growth prospects.<\/p>\n<figure id=\"attachment_205242\" aria-describedby=\"caption-attachment-205242\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-205242\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/nasdaq2-142x95.jpg\" alt=\"Inspired Gaming\" width=\"1200\" height=\"800\" \/><figcaption  id=\"caption-attachment-205242\"class=\"text-description\">The Nasdaq market site, listing venue for Inspired Gaming. An analyst sees big upside for the lottery stock. (Image: <em>Bloomberg<\/em>)<\/figcaption><\/figure>\n<p>The small-cap stock surged 11.59 percent last Friday on strong fourth-quarter revenue results, and on a rough day for gaming equities. The shares are trading higher today amid constructive commentary from the sell-side. In a note to clients today, B. Riley analyst David Bain reiterates a \u201cbuy\u201d rating and $30 price target on Inspired. That&#8217;s more than double where the shares currently reside.<\/p>\n<blockquote class=\"main-blockquote\"><p><strong>Still, shares trade for 6.1x\/5.0x CY22E\/CY23E EV\/EBITDA, a multiple not only disconnected with more traditional casino suppliers, but one that does not reflect INSE\u2019s omni-channel positioning, lottery initiatives, and unique, accelerating high-margin digital portfolio,\u201d<\/strong> said the analyst.<\/p><\/blockquote>\n<p>He adds there&#8217;s potential upside to his forecasts because Inspired&#8217;s foreign currency forecasts and assumptions around new lottery (including iLottery) businesses are likely too conservative. Additionally, market observers aren&#8217;t yet ascribing much value <a href=\"https:\/\/www.casino.org\/news\/inspired-entertainment-has-big-upside-potential-says-analyst\/\">to the company&#8217;s digital unit<\/a>.<\/p>\n<h2>Inspired Could Be iLottery Leader<\/h2>\n<p>Online lotteries aren&#8217;t grabbing attention on par with internet casinos or sports betting. But some analysts <a href=\"https:\/\/www.casino.org\/news\/neogames-stock-rallies-on-duel-analyst-initiations\/\">see massive opportunity<\/a> with internet lotteries, noting that market could eventually rival that of online sports wagering.<\/p>\n<p>Lottery assets &#8212; interactive and traditional &#8212; are profitable and cash generators, which add to the allure of the Inspired story. Other catalysts include Inspired bolstering its balance sheet, reducing leverage and the firm\u2019s potential participation in industry consolidation in 2022. Not only are the shares inexpensive, but Inspired is generating free cash flow \u2014 something few of its rivals are doing with regularity.<\/p>\n<p>Additionally, more countries and states are turning to new lottery concepts to boost tax revenue, indicating Inspired has multiple growth levers to pull.<\/p>\n<p><strong>\u201cWe note CY21 iLottery sales were $5.1 billion (weighted to e-instant), with Washington DC launched last year and Virginia offering its first full year of results. In total, 12 states offer iLottery games to date, though we anticipate a Connecticut go-live and likely iLottery approvals in Ohio and West Virginia over the next 12 months,\u201d <\/strong>notes Bain.<\/p>\n<h2>Inspired Interactive Intrigue<\/h2>\n<p>Inspired also has room to rapidly accelerate growth in the interactive gaming arena by way of its strong content library. Last December, it <a href=\"https:\/\/www.casino.org\/news\/rush-street-interactive-to-run-sportsbook-near-football-hall-of-fame\/\">reached a deal<\/a> with Rush Street Interactive (RSI) to supply that operator with several titles, and that&#8217;s just one example of growth opportunities in that arena.<\/p>\n<p><strong>Michigan and New Jersey currently drive the bulk of Inspired&#8217;s interactive revenue. But that&#8217;s likely to change as new regions, including Pennsylvania and Ontario, Canada, come on board.<\/strong><\/p>\n<p>\u201cINSE\u2019s Interactive growth should ramp significantly, particularly 2Q-4Q, as INSE goes live in PA (likely approval in the very near term) and Ontario. INSE has now partnered with Interactive operators representing 70% of the volume in Michigan and New Jersey. We believe each PA and Ontario will be as large as Michigan and\/or New Jersey for INSE,\u201d concludes Bain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inspired Entertainment (NASDAQ:INSE) is overlooked among gaming equities, but perhaps it shouldn&#8217;t be. Some analysts argue the supplier of video gaming terminals (VGT) and software is inexpensive relative to its growth prospects. The small-cap stock surged 11.59 percent last Friday on strong fourth-quarter revenue results, and on a rough day for gaming equities. The shares [&hellip;]<\/p>\n","protected":false},"author":46,"featured_media":205242,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,13699],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inspired Gaming Undervalued, Has Big Potential, Says Analyst<\/title>\n<meta name=\"description\" content=\"Inspired Gaming is an inexpensive play on the growth of iLottery and interactive gaming.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inspired Gaming Undervalued, Has Big Potential, Says Analyst\" \/>\n<meta property=\"og:description\" content=\"Inspired Gaming is an inexpensive play on the growth of iLottery and interactive gaming.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-14T17:31:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-14T17:48:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/nasdaq2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2200\" \/>\n\t<meta property=\"og:image:height\" content=\"1466\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/\",\"url\":\"https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/\",\"name\":\"Inspired Gaming Undervalued, Has Big Potential, Says Analyst\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/nasdaq2.jpg\",\"datePublished\":\"2022-03-14T17:31:14+00:00\",\"dateModified\":\"2022-03-14T17:48:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Inspired Gaming is an inexpensive play on the growth of iLottery and interactive gaming.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/nasdaq2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/nasdaq2.jpg\",\"width\":2200,\"height\":1466,\"caption\":\"The Nasdaq market site, listing venue for Inspired Gaming. An analyst sees big upside for the lottery stock. (Image: Bloomberg)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Inspired Gaming Interesting, Inexpensive Lottery Equity\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Inspired Gaming Undervalued, Has Big Potential, Says Analyst","description":"Inspired Gaming is an inexpensive play on the growth of iLottery and interactive gaming.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Inspired Gaming Undervalued, Has Big Potential, Says Analyst","og_description":"Inspired Gaming is an inexpensive play on the growth of iLottery and interactive gaming.","og_url":"https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2022-03-14T17:31:14+00:00","article_modified_time":"2022-03-14T17:48:01+00:00","og_image":[{"width":2200,"height":1466,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/nasdaq2.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/","url":"https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/","name":"Inspired Gaming Undervalued, Has Big Potential, Says Analyst","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/nasdaq2.jpg","datePublished":"2022-03-14T17:31:14+00:00","dateModified":"2022-03-14T17:48:01+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Inspired Gaming is an inexpensive play on the growth of iLottery and interactive gaming.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/nasdaq2.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/nasdaq2.jpg","width":2200,"height":1466,"caption":"The Nasdaq market site, listing venue for Inspired Gaming. An analyst sees big upside for the lottery stock. (Image: Bloomberg)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/inspired-gaming-undervalued-has-big-potential-says-analyst\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Inspired Gaming Interesting, Inexpensive Lottery Equity"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. 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