Welcome to our dedicated page for Neogames S.A. news (Ticker: NGMS), a resource for investors and traders seeking the latest updates and insights on Neogames S.A. stock.
Neogames S.A. (NGMS) is a leading technology provider powering regulated iLottery and iGaming markets worldwide. This news hub offers investors and industry professionals centralized access to official corporate announcements, financial updates, and strategic developments.
Track the latest earnings reports, product innovations, and regulatory milestones shaping NGMS's position in interactive gaming. Our curated collection includes press releases on platform expansions, security enhancements, and partnership agreements within tightly regulated markets.
Key updates cover NGMS's iLottery 360° solutions, back-office system upgrades, and compliance initiatives. Stay informed about developments in mobile gaming integration, responsible gaming protocols, and market expansion strategies through verified primary sources.
Bookmark this page for real-time access to Neogames' official communications, providing critical insights for investment research and industry analysis in the evolving digital gaming sector.
NeoGames S.A. (Nasdaq: NGMS) expands its footprint in Africa by partnering with Ethiopian brand UtopBet. This strategic agreement allows BtoBet, a subsidiary of NeoGames, to enter the Ethiopian market, enhancing its position as a leading sportsbook supplier in Africa with operations now in 28 jurisdictions. UtopBet will utilize BtoBet’s technology to offer a diverse range of betting options across local and international sports, including a variety of virtual sports games. This collaboration is expected to generate significant results over the long term.
NeoGames S.A. (NASDAQ: NGMS) announced its second quarter 2022 financial results, reporting revenues of $31.3 million, up 46.4% year-over-year. The company completed its tender offer for Aspire Global, acquiring 99.31% of its shares, which positions NeoGames as a leading provider in iLottery and iGaming. The updated full-year revenue guidance is projected between $194 million and $208 million. However, the company recorded a comprehensive loss of $12.9 million, primarily due to Aspire transaction-related expenses.
NeoGames S.A. (Nasdaq: NGMS) announced it will release its second quarter 2022 results after market close on August 10, 2022. A conference call will follow on August 11, 2022, at 8:30 am ET for discussion of these results. Interested parties can access the call through the company's investor relations website or by dialing in. NeoGames specializes in iLottery and iGaming solutions, providing a comprehensive suite of services, including proprietary technology platforms and game studios. The company's recent acquisition of Aspire Global enhances its innovative offerings in this rapidly growing sector.
NeoGames S.A. (Nasdaq: NGMS) has announced a significant multi-year agreement with Intralot do Brasil, marking its entry into the Brazilian lottery market.
This partnership aims to provide a comprehensive digital solution, including iLottery and online sports betting services tailored for Minas Gerais. Utilizing NeoGames' leading NeoSphere platform and tailored eInstant games, this venture will enhance the existing retail lottery program.
The cooperation aims to fulfill NeoGames' strategic goals in Latin America, leveraging recent acquisitions to deliver innovative gaming experiences.
NeoGames has successfully completed its tender offer for Aspire Global, with a remarkable 99.31% of shares tendered. The acquisition will be settled around June 30, 2022, followed by a squeeze-out proceeding expected to finalize by August 11, 2022. This strategic merger positions NeoGames to tap into a total addressable market of $74 billion across various gaming sectors. The deal combines both companies' strengths, including NeoGames' scalable iLottery market position and Aspire's sports betting and iGaming platforms.
NeoGames reported a record $22.4 million in total revenues and share of NPI revenues for Q1 2022, marking a 3.8% year-over-year increase. However, revenues decreased slightly to $13.2 million, down 0.7% from Q1 2021, while NPI revenues rose 11.2% to $9.2 million. Comprehensive loss stood at $(0.9) million versus a $4.0 million income in the prior year. Adjusted EBITDA fell by 12.0% to $8.5 million. The company revised its 2022 revenue guidance to $91-$96 million, reflecting potential impacts from the Ukraine conflict.
NeoGames S.A. (Nasdaq: NGMS) will release its first-quarter 2022 results on May 11, 2022, after market close. Following the announcement, a conference call and audio webcast will take place on May 12, 2022, at 8:30 AM ET to discuss the results. Interested listeners can access the call via NeoGames’ investor relations website or by dialing in. An audio replay will be available for one year post-call. NeoGames is a global provider of technology-driven iLottery solutions, combining proprietary tech with expertise to enhance lottery operations and increase revenues.
NeoGames S.A. (Nasdaq: NGMS) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the U.S. SEC. This report includes audited financial statements, which can be accessed on the SEC's website or via the Company’s investor relations site. NeoGames specializes in iLottery solutions for state-regulated lotteries, offering technology platforms and a game studio for online lottery games. The Company is committed to maximizing lottery success and generating revenue for good causes.
