Inspired has sold its pubs division and has placed 80m convertible preference shares at 50p to raise £40m with embedded bank facilities. Chief executives Luke Alvarez and Norman Crowley said: "The transactions announced today mark a watershed for Inspired. "We have finalised our exit from the Pubs Division and the fundraising enables us to reduce our debt and invest in our core business. "The sale of our pubs operation transforms Inspired into a pure-play gaming participation business, now active only in growing segments with attractive unit economics and no legacy assets." Derek Lloyd, the chief executive of Danoptra, added: “I am delighted with the acquisition, the purchased assets will be immediately earnings enchancing and will be a key element of the group's future plans. “We look forward to working with both new and existing customers and welcoming further employees to the group.”