NeoGames’ Pariplay Maintains North American Momentum with Connecticut Licenses

Rhea-AI Summary

NeoGames S.A. (NGMS) has announced that its subsidiary Pariplay has received approval to operate in Connecticut, marking its fifth state license in the U.S. This approval includes both Online Gaming Service Provider and Gaming Services Registration Exemption licenses. With this expansion, Pariplay can now provide over 14,000 titles via its Fusion® platform to operators in Connecticut, further enhancing its presence in regulated markets. The company is also active in Canada, being live in Alberta and Ontario.

Positive

• Pariplay approved as a supplier in Connecticut, expanding its U.S. operations to five states.
• Can now offer 14,000+ titles via Fusion® platform to operators in Connecticut.
• Strengthens market position as more states embrace iGaming regulations.

Negative

• None.

Constitution State becomes latest to approve Pariplay application

LUXEMBOURG, Oct. 04, 2022 (GLOBE NEWSWIRE) -- NeoGames S.A. (Nasdaq: NGMS) (“NeoGames” or the “Company”), a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today that its subsidiary, Pariplay, has been approved as a supplier in Connecticut, the fifth state in which the company is now able to operate in the United States.

Moti Malul, Chief Executive Officer of NeoGames, said: “We are delighted to have gained our Connecticut license, which is our fifth awarded to Pariplay in the United States. Our bold approach to entering regulated markets is something we’re very proud of, and this is allowing us to continue to excel as a business.”

Lawrence Hanlin, Head of Compliance at Pariplay, said: “As more and more markets embrace regulation in the United States, we’re given further opportunities to make a real impact for operators and partners alike. Connecticut marks an important milestone for us in our quest to be the leading aggregator across the States, and we’re very proud of all we have achieved so far, with us now live in five of the six markets which allow for online slot gaming.”

The supplier has been given its Online Gaming Service Provider and Gaming Services Registration Exemption, provided by the State of Connecticut, as well as its Mashantucket Pequot Tribal Nation (Connecticut) license, as it continues to enjoy success in North America.

Operators throughout the Constitution State, home to more than 3 million people, will now be able to partner with Pariplay and gain access to its Fusion^® platform, which boasts more than 14,000 titles from over 80 leading providers.

Fusion^® combines localized content with market-leading games, as well as expertly designed gamification and player retention tools.

The Connecticut license becomes the fifth awarded to Pariplay in the US, following Pennsylvania, Michigan, West Virginia and New Jersey, allowing the supplier to operate in five of the six states where iGaming is regulated in the country. In addition, the company is live in Alberta and Ontario, Canada, and will soon be available in five other Canadian provinces.

About NeoGames
NeoGames is a technology-driven innovator and a global leader of iLottery and iGaming solutions and services for regulated lotteries and gaming operators. The Company offers its customers a full-service suite of solutions, including proprietary technology platforms, two dedicated game studios with an extensive portfolio of engaging games – one in lottery and one in casino games, and a range of value-added services. The recent strategic acquisition of Aspire Global Group enables NeoGames to offer the most comprehensive portfolio across iLottery, an innovative sports betting platform from BtoBet, an advanced content aggregation solution from Pariplay, and a complete set of B2B Gaming tech and Managed Services. NeoGames remains an instrumental partner to its customers worldwide, as it works to maximize their revenue potential through various offerings, including regulation and compliance, payment processing, risk management, player relationship management, and player value optimization. NeoGames strives to be the long-term partner of choice for its customers, empowering them to deliver enjoyable and profitable programs to their players, generate more revenue, and maximize proceeds to governments and good causes.

Forward-looking statement:
Certain statements in this press release may constitute “forward-looking” statements and information, within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including but not limited to statements, that relate to our current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. These forward-looking statements are subject to risks, uncertainties, and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors including, without limitation the risk factors set forth in Item 3.D. “Key Information-Risk Factors” in our annual report on Form 20-F for the year ended December 31, 2021, filed with the Securities and Exchange Commission on April 14, 2022, and other documents filed with or furnished to the SEC. These statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Contacts 
Investor Contact: 
ir@neogames.com  
Media Relations: 
pr@neogames.com 

 

FAQ

What recent development has NeoGames S.A. (NGMS) announced regarding Pariplay?

NeoGames announced that its subsidiary Pariplay has received approval to operate in Connecticut, its fifth state license in the U.S.

How many titles does Pariplay offer on its Fusion® platform in Connecticut?

Pariplay offers over 14,000 titles on its Fusion® platform to operators in Connecticut.

Which states has Pariplay received licenses to operate in as of now?

As of now, Pariplay has licenses to operate in Connecticut, Pennsylvania, Michigan, West Virginia, and New Jersey.