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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) 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.
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