The takeover of Inspired Gaming was a long time coming but the identity of its buyer heralds a new beginning for the UK-based supplier as Nasdaq-listed Inspired Entertainment.
Most of you will know Lorne Weil, the former chief executive and chairman of Scientific Games from 1992 until 2008 and from 2010 to 2013. You might be less familiar with what he has been up to since leaving SciGames.
“Chronologically, I’m old enough for retirement but emotionally and psychologically I wasn’t quite ready,” says Weil, “and gaming is the only thing I know.”
So he rang colleagues at the gaming industry’s investment bank of choice, MacQuarie, and formed a partnership he called Hydra Industries Acquisition Corp.