{"id":214524,"date":"2022-05-20T10:25:10","date_gmt":"2022-05-20T17:25:10","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=214524"},"modified":"2022-05-20T10:33:32","modified_gmt":"2022-05-20T17:33:32","slug":"inspired-entertainment-draws-analyst-praise-for-ilottery-biz","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/inspired-entertainment-draws-analyst-praise-for-ilottery-biz\/","title":{"rendered":"Inspired Entertainment Interesting iLottery Idea"},"content":{"rendered":"

With a market capitalization of just $275.25 million, it stands to reason that Inspired Entertainment (NASDAQ:INSE) is overlooked in the gaming equity conversation. One analyst argues that shouldn\u2019t be the case.<\/p>\n

\"Inspire
Inspire Entertainment’s Fortune Freespins game. An analyst is enthusiastic about the stock. (Image: Inspire Entertainment)<\/figcaption><\/figure>\n

In a note to clients, B. Riley analyst David Bain reiterates a \u201cbuy\u201d rating on the supplier of video gaming terminals (VGT) and software with a $30 price target, implying the shares can nearly triple from current levels. While VGT\u2019s are cash generators and Inspired\u2019s software business could be compelling with time, Bain is bullish on the operator\u2019s internet lottery opportunity.<\/p>\n

INSE has converted hundreds of its slot titles online and has begun converting game themes to iLottery \u2018scratch off\u2019 format, in our view. INSE continues to be on-track for the development of an online lottery platform for the Dominican Republic<\/a> launch by summer,\u201d<\/strong> says the analyst.<\/p><\/blockquote>\n

As Bain notes, the Dominican Republic\u2019s lottery is larger than those found in many US states. However, there\u2019s emerging controversy<\/a> in the Caribbean country that threatens the future of the Dominican National Lottery.<\/p>\n

Inspired Has Others Levers to Pull<\/h2>\n

While the Dominican Republic represents a risk\/reward opportunity for Inspired, the good news is the operator has other, potentially less turbulent iLottery avenues ahead of it.<\/p>\n

\n

While iLottery isn\u2019t yet generating fervor on par with internet casinos or online sports betting, it\u2019s a growth segment in its own right. Some analysts see massive opportunity<\/a> with internet lotteries, noting that the market could eventually rival that of online sports betting.<\/p>\n<\/div>\n

\u201cWe believe, in addition to the Dominican Republic, INSE will be chosen as the online lottery platform and content provider for several international jurisdictions – potentially by BH22E – and throughout CY23E and CY24E,\u201d notes Bain.<\/p>\n

The analyst also points out that the company is starting to reach out to domestic lotteries that are working with existing platform providers, including International Game Technology (IGT) and SG Lottery, to include Inspired content.<\/strong><\/p>\n

\u201cWe believe INSE could partner with multiple domestic iLottery providers for content distribution over the next 12 to 24 months,\u201d writes Bain.<\/p>\n

Inspired Could Be Inspiring Equity Idea<\/h2>\n

Lottery assets \u2014 interactive and traditional \u2014 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

\u201ciLottery generates ~$5.2B across 12 jurisdictions, with 8 states allowing \u2018scratch-off content,\u2019 which make up nearly 90% of iLottery sales. Overall, iLottery is ~5% of total domestic lottery sales,\u201d<\/strong> says Bain.<\/p>\n

Those data points indicate there\u2019s ample online lottery growth to be had<\/a>, and they could also signal that with Inspired shares down more than 19% year-to-date, there\u2019s potential value in the small-cap growth gaming name.<\/p>\n","protected":false},"excerpt":{"rendered":"

With a market capitalization of just $275.25 million, it stands to reason that Inspired Entertainment (NASDAQ:INSE) is overlooked in the gaming equity conversation. One analyst argues that shouldn\u2019t be the case. In a note to clients, B. Riley analyst David Bain reiterates a \u201cbuy\u201d rating on the supplier of video gaming terminals (VGT) and software […]<\/p>\n","protected":false},"author":46,"featured_media":214525,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,13699],"tags":[],"acf":[],"yoast_head":"\nInspired Entertainment Draws Analyst Praise For iLottery Biz<\/title>\n<meta name=\"description\" content=\"Inspired Entertainment could be compellinng bet on online lottery, says analyst.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/inspired-entertainment-draws-analyst-praise-for-ilottery-biz\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inspired Entertainment Draws Analyst Praise For iLottery Biz\" \/>\n<meta property=\"og:description\" content=\"Inspired Entertainment could be compellinng bet on online lottery, says analyst.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/inspired-entertainment-draws-analyst-praise-for-ilottery-biz\/\" \/>\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=\"2022-05-20T17:25:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-20T17:33:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/05\/INSE.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1140\" \/>\n\t<meta property=\"og:image:height\" content=\"456\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\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-entertainment-draws-analyst-praise-for-ilottery-biz\/\",\"url\":\"https:\/\/www.casino.org\/news\/inspired-entertainment-draws-analyst-praise-for-ilottery-biz\/\",\"name\":\"Inspired Entertainment Draws Analyst Praise For iLottery Biz\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/inspired-entertainment-draws-analyst-praise-for-ilottery-biz\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/inspired-entertainment-draws-analyst-praise-for-ilottery-biz\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/05\/INSE.png\",\"datePublished\":\"2022-05-20T17:25:10+00:00\",\"dateModified\":\"2022-05-20T17:33:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Inspired Entertainment could be compellinng bet on online lottery, says analyst.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/inspired-entertainment-draws-analyst-praise-for-ilottery-biz\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/inspired-entertainment-draws-analyst-praise-for-ilottery-biz\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/inspired-entertainment-draws-analyst-praise-for-ilottery-biz\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/05\/INSE.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/05\/INSE.png\",\"width\":1140,\"height\":456,\"caption\":\"Inspire Entertainment's Fortune Freespins game. 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