Neogames S.A. - NGMS STOCK NEWS

NeoGames S.A. (Nasdaq: NGMS) will release its first quarter 2023 results on May 10, 2023, post-market close. Following this, the company will host a conference call on May 11, 2023, at 8:30 AM Eastern Time to discuss the results. Investors can access the audio webcast on NeoGames' investor relations website or dial in via phone. The company specializes in iLottery and iGaming solutions, boasting proprietary technology platforms and two dedicated game studios. The acquisition of Aspire Global Group enhances its offerings, which now include sports betting, content aggregation, and B2B gaming services. NeoGames aims to maximize revenue for its partners while ensuring compliance and risk management.

NeoGames S.A. (Nasdaq: NGMS) announced an amendment to its licensing agreement with Caesars Entertainment, including a three-year extension and annual renewals. The agreement enables NeoGames to continue providing its Player Account Management system, NeoSphere, to Caesars for its online sports betting and iGaming operations. During the contract, NeoGames will assist in transitioning Caesars’ operations to its own tech platform when requested. The updated agreement also guarantees a net profit level for NeoGames throughout its duration. Key executives from both companies expressed satisfaction with the ongoing partnership, highlighting its importance for the growth of Caesars' online business.

NeoPollard Interactive LLC announces that the Virginia Lottery has launched the first fully cloud-based iLottery program in the U.S., a significant technological milestone. This transition includes the implementation of NeoDraw, NeoSphere, and NeoPlay, enhancing efficiency and scalability in lottery operations. Co-CEOs Doug Pollard and Moti Malul emphasize the importance of this innovation to respond to increased online traffic due to record jackpots. The Virginia Lottery, dedicated to supporting education, has contributed over $11 billion to public schools since 1999. This cloud-based solution positions NPi as a leader in iLottery technology.

NeoPollard Interactive, co-owned by Pollard Banknote (TSX: PBL) and NeoGames (NASDAQ: NGMS), announced the launch of Pick 3 and Pick 4 games for the North Carolina Education Lottery on February 6, 2023. These additions to the online offerings complement existing games like Powerball and Mega Millions.

The Lottery's Online Play program has seen a remarkable 224% sales growth since its inception in fiscal year 2020. In FY 2022, 22% of all draw games sold were through Online Play. The new games are expected to enhance revenue, benefiting educational programs statewide.

NeoGames (Nasdaq: NGMS) has announced a collaboration with major US operator DraftKings to launch game content in New Jersey through its subsidiary Pariplay. This partnership aims to strengthen NeoGames' presence in North America, starting with popular titles like Spirit of Mustang from its Wizard Games studio. Following the initial launch in New Jersey, the companies plan to expand to Michigan and West Virginia, pending regulatory approval. The move showcases NeoGames' ambition to become a leading aggregation platform in the growing North American iGaming market.

NeoGames S.A. (Nasdaq: NGMS) reported a remarkable 291% increase in fourth-quarter revenues, totaling $83.2 million, and a full-year revenue of $210.2 million for 2022. The growth reflects the integration of Aspire Global, with iLottery revenue up 33% and iGaming revenue rising by 27%. Despite a net loss of $(0.8) million in Q4, adjusted net income reached $7.3 million. For 2023, NeoGames projected revenue guidance between $235 million and $255 million, signaling a 10.4% potential growth year-over-year. The company emphasizes its strategic expansion into online sports betting in Brazil, further enhancing its position in the global gaming sector.

NeoGames (Nasdaq: NGMS) has launched LotoMinas, the first regulated online lottery and sports betting solution in Brazil, specifically in Minas Gerais. This marks NeoGames’ entry into the Brazilian market and initiates a multi-year partnership with Intralot do Brasil. Utilizing the NeoSphere platform, the launch includes 18 games, such as Queen of Diamonds and Instant Keno Multiplier. The project is expected to enhance player experience and capitalizes on recent acquisitions of Aspire Global and BtoBet. Both companies aim to provide a comprehensive digital gaming experience, bolstering revenue potential for local lottery operations.

NeoGames S.A. (Nasdaq: NGMS) plans to release its fourth quarter and year-end 2022 results on March 6, 2023, after market close. A conference call and audio webcast are scheduled for March 7, 2023, at 8:30 AM ET to discuss the results. Interested parties can access the webcast via the investor relations website or dial for participation. NeoGames is a leader in iLottery and iGaming solutions, offering a comprehensive suite of services including proprietary tech platforms and game studios, following its strategic acquisition of Aspire Global Group.

NeoGames S.A. (Nasdaq: NGMS) has established a two-year partnership with the European Lotteries Association, designated as a Level 2 partner. This collaboration aims to enhance the offerings to European lotteries and is expected to drive revenue growth and societal benefits through increased funding for public causes. NeoGames has a solid track record, already serving nine EL members. The partnership will allow NeoGames to showcase its iLottery technology and contribute to major EL events.

CEO Moti Malul emphasizes the company's commitment to maximizing revenue for lottery operators, while EL Secretary General Arjan van ‘t Veer highlights the innovative approach NeoGames brings to the sector.