Inspired has announced that it has agreed upon a new deal with the Italian gaming designers and producers Cristaltec to ‘transform’ their ‘strategic partnership in Italy’.
Under the provisions of the agreement, Cristaltec will purchase Inspired’s video lottery terminal (VLT) portfolio as well as take over the firm’s VLT managed services contracts.
Meanwhile, Inspired will begin to transition into a platform and games provider in relation to the VLTs, remaining responsible for the maintenance, support and updating of the system.
“We are thrilled to work with Cristaltec to better serve our customers by facilitating more investment in the Inspired product range and delivering superior products and content to the marketplace,” said Brooks Pierce, President and Chief Operating Officer of Inspired.
“We have worked with Giovanni and the team at Cristaltec for many years and greatly respect the business they’ve built in the AWP market, where they have an excellent reputation with the Concessionaires.
“Working together with Cristaltec, we believe we can better capture the new opportunities that will derive from changes to regulations as well as the evolution of the gaming sector in Italy, where we remain a very committed market participant, including through our continued presence in Virtual Sports.”
Cristaltec has experience as a machine and games provider in the ‘amusements with prize’ market in Italy and the new deal will better position the firm in the VLT market, given that Inspired holds 5,000 terminals across multiple contracts.
Aiming to put its stamp on the terminals, Cristaltec will upgrade Inspired’s portfolio of terminals as well as add its own games to complement that of Inspired.
“All of our work is aimed at improving the services offered to our customers and we believe this agreement not only benefits both companies but also our customers and the Italian market as a whole,” said Giovanni Agliata, President of Cristaltec.
“We have a great relationship with Inspired and this collaboration allows each of us to focus on our core competencies. We are a leading manufacturer with top games in the AWP market and Inspired provides a proven VLT platform with popular game franchises worldwide.
“Together we are able to greatly improve the product offering, making the whole greater than the sum of its part, which positions both companies well for the evolution of the Italian market.”