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Segment Reporting and Geographic Information | 3 Months Ended
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Mar. 31, 2026
Segment Reporting [Abstract] |
Segment Reporting and Geographic Information | 20. Segment Reporting and Geographic Information Operating segments are identified as components of an enterprise for which separate and discrete financial information is available and is used by the chief operating decision maker, or decision-making group, (the “CODM”), in making decisions on how to allocate resources and assess performance. The Company’s CODM consists of the Executive Chairman and the President and Chief Executive Officer. The Company’s CODM uses measures of segment profit and loss to evaluate the performance areas of 1) Achievement of revenue and gross margin; 2) Level of staff and non-staff expenses against budget; 3) Investment in capitalized software development; and 4) Additional cash expenditures impacting working capital. The decision-making group uses the information to allocate financial resources and drive operation decisions such as investing in new customers, products, geographies and refocusing commercial teams to drive new sales, accelerating or delaying staffing or other selling, general and administrative expenditures and ensuring technology staff utilization on new product development. During the first quarter of 2026, the Company changed its reportable segments to align with changes in its internal management reporting structure and the manner in which the CODM assesses performance and allocates resources. As a result of these changes, the Company now reports the following reportable segments: Retail Solutions, Virtual Sports, and Interactive. Previously, the Company reported the following reportable segments: Gaming, Virtual Sports, Interactive, and Leisure. The change in reportable segments reflects organizational realignment and did not affect the Company’s consolidated financial position, results of operations, or cash flows. Prior-period segment information has been recast to conform to the current period presentation. The recast had no impact on previously reported consolidated totals. The Company operates its business along three operating segments, which are segregated on the basis of revenue stream: Retail Solutions, Virtual Sports, and Interactive. The Company believes this method of segment reporting reflects both the way its business segments are managed and the way the performance of each segment is evaluated. Other segment items consist of costs incurred in restructuring activities. The following tables present revenue, cost of sales, excluding depreciation and amortization, staff-related selling, general and administrative expenses, non-staff related selling, general and administrative expenses, labor costs capitalized, depreciation and amortization, stock-based compensation expense, other segment items, operating profit/(loss) and total capital and other long-lived asset expenditures for the periods ended March 31, 2026 and March 31, 2025, respectively, by business segment. Certain unallocated corporate function costs have not been allocated to the Company’s reportable operating segments because these costs are not allocable and to do so would not be practical. Corporate function costs consist primarily of selling, general and administrative expenses, depreciation and amortization and capital expenditures relating to corporate/shared functions. Asset information by reportable segment is not given as this information is not provided to the Company’s CODM due to it not being considered necessary in order for the group to assess the reportable segments’ performance or to make decisions concerning the allocation of resources. Segment Information Schedule of Segment Reporting Information by Segment Three Months Ended March 31, 2026
|  | Retail Solutions |  |  | Virtual Sports |  |  | Interactive |  |  | Corporate Functions |  |  | Total |
|  | (in millions) |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service |  | $ | 27.9 |  |  | $ | 8.7 |  |  | $ | 16.7 |  |  | $ | — |  |  | $ | 53.3 |
Product sales |  |  | 3.9 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3.9 |
Total revenue |  |  | 31.8 |  |  |  | 8.7 |  |  |  | 16.7 |  |  |  | — |  |  |  | 57.2 |
Cost of sales, excluding depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of service |  |  | (7.3 | ) |  |  | (0.5 | ) |  |  | (0.8 | ) |  |  | — |  |  |  | (8.6 | )
Cost of product sales |  |  | (2.6 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2.6 | )
Staff-related selling, general and administrative expenses |  |  | (4.5 | ) |  |  | (2.2 | ) |  |  | (2.8 | ) |  |  | (3.3 | ) |  |  | (12.8 | )
Non-staff related selling, general and administrative expenses |  |  | (4.4 | ) |  |  | (0.5 | ) |  |  | (2.2 | ) |  |  | (5.3 | ) |  |  | (12.4 | )
Labor costs capitalized |  |  | 1.3 |  |  |  | 0.6 |  |  |  | 0.9 |  |  |  | — |  |  |  | 2.8 |
Stock-based compensation expense |  |  | (0.2 | ) |  |  | (0.2 | ) |  |  | (0.1 | ) |  |  | (0.9 | ) |  |  | (1.4 | )
Depreciation and amortization |  |  | (8.4 | ) |  |  | (2.1 | ) |  |  | (1.0 | ) |  |  | (1.0 | ) |  |  | (12.5 | )
Other segment items |  |  | (0.3 | ) |  |  | — |  |  |  | — |  |  |  | (0.2 | ) |  |  | (0.5 | )
Segment operating income (loss) |  |  | 5.4 |  |  |  | 3.8 |  |  |  | 10.7 |  |  |  | (10.7 | ) |  |  | 9.2 |
Net operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 9.2 |
Total capital and other long-lived asset expenditures for the three months ended March 31, 2026 |  | $ | 6.6 |  |  | $ | 0.8 |  |  | $ | 1.4 |  |  | $ | 0.3 |  |  | $ | 9.1 |
Three Months Ended March 31, 2025
|  | Retail Solutions |  |  | Virtual Sports |  |  | Interactive |  |  | Corporate Functions |  |  | Total |
|  | (in millions) |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service |  | $ | 36.2 |  |  | $ | 8.7 |  |  | $ | 12.1 |  |  | $ | — |  |  | $ | 57.0 |
Product sales |  |  | 3.4 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3.4 |
Total revenue |  |  | 39.6 |  |  |  | 8.7 |  |  |  | 12.1 |  |  |  | — |  |  |  | 60.4 |
Cost of sales, excluding depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of service |  |  | (13.9 | ) |  |  | (0.5 | ) |  |  | (0.6 | ) |  |  | — |  |  |  | (15.0 | )
Cost of product sales |  |  | (2.9 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2.9 | )
Staff-related selling, general and administrative expenses |  |  | (7.4 | ) |  |  | (2.2 | ) |  |  | (2.4 | ) |  |  | (3.2 | ) |  |  | (15.2 | )
Non-staff related selling, general and administrative expenses |  |  | (6.4 | ) |  |  | (0.6 | ) |  |  | (2.0 | ) |  |  | (3.4 | ) |  |  | (12.4 | )
Labor costs capitalized |  |  | 2.0 |  |  |  | 0.9 |  |  |  | 0.6 |  |  |  | — |  |  |  | 3.5 |
Stock-based compensation expense |  |  | (0.3 | ) |  |  | (0.1 | ) |  |  | (0.1 | ) |  |  | (0.9 | ) |  |  | (1.4 | )
Depreciation and amortization |  |  | (7.9 | ) |  |  | (1.3 | ) |  |  | (0.7 | ) |  |  | (0.7 | ) |  |  | (10.6 | )
Other segment items |  |  | (0.3 | ) |  |  | — |  |  |  | — |  |  |  | (4.5 | ) |  |  | (4.8 | )
Segment operating income (loss) |  |  | 2.5 |  |  |  | 4.9 |  |  |  | 6.9 |  |  |  | (12.7 | ) |  |  | 1.6 |
Net operating income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1.6 |
Total capital and other long-lived asset expenditures for the three months ended March 31, 2025 |  | $ | 8.5 |  |  | $ | 0.5 |  |  | $ | 0.5 |  |  | $ | 1.0 |  |  | $ | 10.5 |
Geographic Information Geographic information for revenue is set forth below: Schedule of Geographic Information
|  | 2026 |  |  | 2025 |
|  | Three Months Ended March 31, |
|  | 2026 |  |  | 2025 |
|  | (in millions) |
Total revenue |  |  |  |  |  |  |  |
UK |  | $ | 34.3 |  |  | $ | 39.4 |
Greece |  |  | 6.5 |  |  |  | 6.2 |
Rest of world |  |  | 16.4 |  |  |  | 14.8 |
Total |  | $ | 57.2 |  |  | $ | 60.4 |
Total revenue |  | $ | 57.2 |  |  | $ | 60.4 |
UK revenue includes revenue from customers headquartered in the UK, but whose revenue is generated globally. Geographic information of our non-current assets excluding goodwill and deferred tax is set forth below:
|  | March 31, 2026 |  |  | December 31, 2025 |
|  | (in millions) |
UK |  | $ | 105.8 |  |  | $ | 110.9 |
Greece |  |  | 25.2 |  |  |  | 23.8 |
Rest of world |  |  | 19.2 |  |  |  | 19.8 |
Total |  | $ | 150.2 |  |  | $ | 154.5 |
Total non-current assets |  | $ | 150.2 |  |  | $ | 154.5 |
Software development costs are included as attributable to the market in which they are utilized.

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