Inspired Entertainment has agreed a deal with an unnamed buyer to sell its holiday parks business, five months after first revealing its intention to dispose of the asset.
Speaking on the supplier’s Q2 earnings call yesterday, 6 August, company chair A Lorne Weil revealed an agreement had been reached in principle with an acquirer.
On the company’s Q4 2024 earnings call in March, Weil said the business was “seriously exploring the sale of holiday parks”.
The holiday parks division sits within Inspired Entertainment’s leisure segment, which also includes its supply deals with pubs, bingo halls and motorway service stations.
During Q2 2025, the leisure arm reported an 11% year-on-year increase in revenue to $30.3m (£22.6m), with adjusted EBITDA up 26% to $7.7m.
Updating investors yesterday, Weil said: “In connection with the holiday parks sale, I can say that we have now reached an agreement in principle with a strategic buyer we have been working with for several months, and we expect to sign the definitive agreement this month and close by the end of October.
“The combination of cash at closing and ongoing platform and content fees will put us well within our liquidity target, and our cash position will benefit further from having owned the business through the peak cash generating period that we’re in at the present time.
“The sale of the business will have a number of important benefits. Our overall company EBITDA margin will approach our 40% target. Company-wide cash conversion percent will improve significantly, and our mix of business will swing further towards digital.”
The group’s adjusted EBITDA margin for the three months ending 30 June was 35%, while the business is sitting on a cash pile of $46.3m.
Restructuring costs for the reporting period came to $3.2m, with $2.8m of those related to corporate and the remainder coming from gaming.
Inspired Entertainment’s shares are down 6.1% at the time of writing to $8.28, despite group revenue rising 7% to $80.3m.
The post Inspired Entertainment reveals holiday parks sale on verge of completion first appeared on EGR Intel.
Chair A Lorne Weil confirms an agreement is in place with an unnamed buyer, in a move the company said would help drive EBITDA margin towards its 40% target
The post Inspired Entertainment reveals holiday parks sale on verge of completion first appeared on EGR Intel.