AGLC to Buy 150 Valor Terminals From Inspired Entertainment

NASDAQ-listed business-to-business supplier of gaming content, technology, services, and hardware, Inspired Entertainment, has announced a fresh partnership with Alberta’s governmental agency responsible for overseeing casino gaming, Alberta Gaming, Liquor, and Cannabis (AGLC). 

The announcement comes half a year after the start of what proved to be a successful trial period, as a result of which AGLC decided to invest in 150 new Valor terminals. 

Inspired, “Delighted to Welcome AGLC as a Valued customer”

Inspired’s chief executive officer and president, Brooks Pierce, took the opportunity to express their delight for being able to usher in AGLC “as a valued customer.”

Pierce also referred to AGLC’s call to purchase the 150 terminals that will be deployed by the end of Q2 2024 as one underscoring the success shown during the trial period. 

He also called the decision one that shows “the strength” of their portfolio of products while expressing eagerness to reap the benefits of what he hopes will be a “long and prosperous partnership with AGLC.”

In the same statement, he expressed the company’s intention to stay “committed to expand in the attractive Canadian markets” by offering state-of-the-art gaming solutions via gaming and digital products. 

By adding Alberta to its current footprints in Ontario and Saskatchewan, the company has taken a new step in the direction of its planned growth in the Canadian market.

NASDAQ Delisting Scare

In April, the gaming technology company that currently operates in around 25 global jurisdictions and supplies gaming system terminals and content for roughly 50,000 gaming machines failed to provide the necessary NASDAQ Form 10-K information. 

The delay put the company at risk of being delisted from NASDAQ, which would have resulted in an undermining of investors’ trust while generating more problems in the future. 

The company managed to fix the problem and comply with Nasdaq Listing Rule 5250(c)(1) during the 60-day grace period that expanded until June 3.

A month before the NASDAQ warning, Inspired Entertainment announced a partnership with Rush Street Interactive’s BetRivers sportsbook and casino for the launch of its virtual sports content in New Jersey.

The news followed October’s virtual sports agreement inked with the National Basketball Association. 

Alberta has announced it was open to advice regarding a potential online gambling market that would follow Ontario’s proven online gaming strategy. 

In an attempt to add other legal options to AGLC-operated Play Alberta, the only venue that is currently allowed to offer online casino games to players in the province, Alberta has opened consultations to First Nations as well as brick-and-mortar casinos and the Racing Entertainment Centre. 

At the moment, additional brands operate in the legal gray area, accounting for 55% of the market. 

According to Minister of Service and Red Tape Reduction Dalley Nally, Alberta has what it takes to turn into an iGaming hub, due to its low corporate taxes, streamlined legislation, and high disposable incomes.