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NeoGames S.A. (symbol: NGMS) is a pioneer in the iLottery and iGaming industry, providing comprehensive 360° solutions that cater to a diverse range of lottery and gaming operators. Established in 2005, NeoGames has been instrumental in transforming the interactive scratch games market, quickly establishing itself as a leader in the sector.
The company offers a wide array of market-proven games for desktops, smartphones, and tablets. This includes a sophisticated back-office platform and a comprehensive set of player operational services. NeoGames' offerings are designed to be flexible, allowing lottery customers to customize solutions that best suit their needs. This flexibility has enabled NeoGames to generate significant revenues for its clients through interactive gaming experiences.
One of NeoGames' recent achievements includes its strategic acquisition of Aspire Global Group, which has expanded its portfolio to include iLottery, an innovative sports betting platform from BtoBet, and an advanced content aggregation solution from Pariplay. This acquisition allows NeoGames to offer a full suite of B2B gaming technology and managed services, further solidifying its position as a global leader.
NeoGames is also focused on maintaining high levels of security and responsible gaming guidelines, ensuring a safe and enjoyable experience for all players. The company's commitment to innovation and excellence is evident in its continuous expansion into new markets, such as its upcoming integration with BIG Brazil and the enhancement of Georgia Lottery's online offerings with top-tier eInstant games.
Partnerships play a crucial role in NeoGames' strategy. For example, its collaboration with Tipico in the U.S. market aims to bring Wizard Games and Fusion content to New Jersey's online casino, thereby increasing player engagement and expanding its reach across regulated states.
Financially, NeoGames has shown resilience and growth, often highlighted by successful collaborations and expansions. The company remains an instrumental partner to its customers worldwide, helping them maximize revenue potentials through a variety of offerings, including regulation and compliance, payment processing, risk management, player relationship management, and player value optimization.
NeoGames aims to be the long-term partner of choice for its customers, empowering them to deliver enjoyable and profitable programs to their players while maximizing proceeds to governments and good causes.
NeoGames S.A. (Nasdaq: NGMS) has announced the record-breaking launch of its eInstant game, The Lamp, with the Virginia Lottery. In just 30 days, the game has generated over $40 million in purchases, outperforming its closest competitor by more than 200%. The innovative game features three progressive jackpots, which paid out around $500,000 during its initial launch period. The Lamp has also launched under the names Desert Fantasy and Magic Money Ride in other North American markets. NeoGames aims to expand this successful game into international markets, further driving revenue growth for lotteries.
NeoGames announced its subsidiary, Aspire Global, has secured a multi-year agreement to provide comprehensive digital solutions to the UK operator Metropolitan Gaming, enhancing its online offerings. Aspire Global will deliver an all-encompassing online solution, including Platform (PAM), Managed Services, and casino aggregation. The collaboration is significant as it taps into the growing UK regulated Remote Gambling market, promising an integrated entertainment experience for players. This partnership aims to leverage Aspire Global's technology and operational expertise to meet the demands of a competitive market.
NeoGames S.A. (NGMS) has received regulatory approval from the Alcohol and Gaming Commission of Ontario (AGCO) for its subsidiary BtoBet to enter the North American sports betting market. This milestone will allow BtoBet to provide its advanced sportsbook technology to operators in Ontario, enhancing player safety and engagement. The approval follows BtoBet's recent certification of its wagering system, positioning the company to expand its services across North America. NeoGames aims to leverage this opportunity as part of its strategy for growth in the region.
NeoGames S.A. (Nasdaq: NGMS) announced a partnership between its subsidiary Pariplay and Resorts Digital Gaming, enabling the online casino to access a selection of proprietary and third-party games through Pariplay’s Fusion® platform. This collaboration highlights NeoGames' expansion in North America, with Pariplay now operational in five U.S. jurisdictions and seven Canadian provinces. The Fusion® platform offers over 14,000 games from more than 80 suppliers, aiming for enhanced efficiency and returns for operators.
NeoGames S.A. (NGMS) announced a joint venture operating agreement with NeoPollard Interactive LLC and an amendment to its Michigan Joint Venture Agreement with Pollard Banknote Limited. The agreements reinforce the long-term strategy for NPI, enhancing customer operations and allowing for future iLottery opportunities in North America. NeoGames emphasizes their commitment to delivering exceptional services and cooperation in government relations for market authorizations. The operational framework of NPI remains intact, ensuring high-quality support for clients.
NeoGames has announced the launch of its content through its subsidiary Pariplay with Caesars Sportsbook & Casino in New Jersey. This marks a significant milestone in their expansion in the North American iGaming market as they offer a range of innovative slots from the Wizard Games studio. The partnership utilizes the Fusion platform, which provides a comprehensive aggregation of over 14,000 games from 80+ suppliers. This strategic move aims to bolster their position as a leading content supplier in North America.
NeoGames S.A. (Nasdaq: NGMS) has received certification from the World Lottery Association (WLA) for its iLottery technology and operations, confirming alignment with responsible gaming standards. This certification underscores NeoGames' commitment to minimizing problem gaming impacts through comprehensive measures across research, product development, and stakeholder engagement. CEO Moti Malul emphasized the importance of responsible gaming in their operations. The certification is a key endorsement of NeoGames' corporate social responsibility in the gaming industry.
NeoPollard Interactive, a joint venture of Pollard Banknote and NeoGames (NGMS), praised the Virginia Lottery for winning the "Lottery Operator of the Year" award at the EGR Operator Awards on October 27, 2022. The Virginia Lottery achieved remarkable growth, reaching $1.37 billion in FY 2022 sales, marking it as the fastest-growing U.S. iLottery program. Its success is attributed to a 69% increase in gross wagers, primarily from the eInstant portfolio, which contributed 95% to revenues. The lottery's net gaming revenue also grew by 60%, providing $779 million for K-12 education in Virginia.
NeoGames reported strong third-quarter financial results for 2022, with revenues reaching $73.3 million, a 262% year-over-year increase. For the first full quarter post-Aspire Global merger, iLottery revenue surged 22% to $24.7 million. Adjusted EBITDA grew 135% to $17.6 million, although the company faced a net loss of $(4.4) million, impacted by acquisition-related expenses. The fiscal year 2022 revenue guidance is now set between $197 million and $208 million. Despite currency fluctuations, NeoGames continues to expand its game offerings and strengthen its market position.
NeoGames S.A. (Nasdaq: NGMS) announces its third quarter 2022 financial results will be released after market close on November 9, 2022. The company will host a conference call on November 10, 2022, at 8:30 AM ET to discuss the results. NeoGames, a leader in iLottery and iGaming solutions, emphasizes its comprehensive offerings following the strategic acquisition of Aspire Global Group. This acquisition enhances its portfolio, including advanced technology platforms and dedicated game studios, aimed at maximizing revenue for lottery and gaming operators.
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