Inspired Entertainment, Inc. (NASDAQ:INSE) Q3 2018 Earnings Conference Call - Final Transcript
Aug 14, 2018 • 08:00 am ET
And the two basically reinforce each other. So if we assume, as we do, that that dynamic will eventually play out in the States, then at least on all the evidence we've seen, the two should be synergistic and helpful to each other rather than competitive or exclusionary.
And the other thing is it's going to take, unfortunately, a considerable period of time before all the individual jurisdictions in the United States put in place the regulations necessary to launch live sports. And in the meantime, any state either under the auspices of its lottery, as Pennsylvania is doing, or some other way to launch virtual sports in anticipation of that. So in general, I don't think the change of the past regulation has retarded the interest in virtual sports. And certainly we're seeing, if anything, accelerating interest.
(Operator Instructions) This concludes our question-and-answer session. I would like to turn the conference back over to Lorne Weil for any closing remarks.
Thank you, operator, and thank all of you for joining the call this morning. I think we -- with this conference call, have reached maybe almost a tipping point with Inspired. The confluence all at once of the refinancing of our debt, the launch in Pennsylvania of Virtual Sports and the continuing establishment of record earnings and margin levels in the business itself suggests that this is indeed a very important time in our evolution. And we're quite enthusiastic about continuing this trend. So we look forward to speaking to you all three months from now, and hopefully, in that period of time, we'll have a number of new things to talk about. Thank you.
The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.