INSPIRED ACQUISITION COMPLETED (Update)
Parent company now known as Inspired Entertainment Inc.
Hydra Industries Acquisition Corp’s acquisition of virtual sports provider Inspired Gaming Group has concluded with the combination of the two entities under Inspired Entertainment Inc.
With eighty-nine percent of Hydra stockholders approving the deal last week, Inspired Gaming Group has become a wholly-owned subsidiary of Inspired.
"We are truly delighted to combine the respective management teams of Hydra and Inspired,” Lorne Weil, executive chairman of Inspired Entertainment, Inc., said.
“We believe Inspired is uniquely positioned to expand the distribution of its unique and cutting edge content and are excited to embark on building out this world-class business."
"Over the last fifteen years, Inspired has established itself as a leading provider of content and technology to the global gaming industry, focused on "Entertainment with an EDGE,” Luke Alvarez, president and chief executive officer, added.
“We are thankful to our investors, our customers and our players for helping us achieve today's milestone. I look forward to working with Lorne, his team, and our public shareholders to bring our products to new markets and to take Inspired to the next level."