Inspired Entertainment management shake up

Inspired Entertainment Group has announced a major shuffle of its management team following the recent appointment of Brooks Pierce as senior vice president of North America (see previous report).

Pierce has been named president and chief operating officer of the Group succeeding Luke Alvarez who will depart the firm and is currently in discussions on terms.

Under the newly formed Office of the Executive, the day-to-day management of the firm will be undertaken by Lorne Weil as executive chairman, Brooks Pierce, Daniel Silvers as chief strategy officer and freshly promoted Stewart Baker as executive vice president and chief financial officer, the press advisory reads.

In related news, the Company announced preliminary unaudited financial results for the second quarter of its 2018 fiscal year, ending March 31, 2018.

Key highlights include consolidated revenue of approximately $37.5 million, representing an increase of around 33.5 percent y-o-y and consolidated Adjusted EBITDA of approximately $12.4 million, up 43.4 percent y-o-y.

“I believe the outlook for the Company is strong and I look forward to continuing to work with the leadership team, the Board and our incredibly talented employees as we execute on our strategic priorities as a best-in-class company and leader in our industry,” Weil said.

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