[ad_1]
Luxembourg, April 10, 2023 (GLOBE NEWSWIRE) — NeoGames SA (NASDAQ: NGMS ) (“NeoGames” or the “Company”), a technology-driven end-to-end iLottery and iGaming solutions provider , announced today that it has amended its licensing agreement with affiliates of Caesars Entertainment, Inc. (“Caesars”) to include an initial three-year extension followed by annual renewals unless terminated by either party. Under the amended agreement, the Company will continue to sub-license its player account management system, NeoSphere platform and related services to Caesars for use by Caesars in operating its successful online sportsbook and iGaming business. In addition, the company will continue to work with Caesars to enhance solutions to support the continued growth of Caesars’ online business. During the term of the agreement, the company will assist Caesars in transitioning its operations from the company’s platform to its own technology platform, as applicable and at Caesars’ request. As part of the agreement, NeoGames received a guaranteed level of net profit throughout the term of the agreement.
Moti Malul, CEO of NeoGames, said: “We are extremely proud and pleased with our strong and ongoing partnership with Caesars, and are delighted to continue to provide market-leading service to the Caesars team as they continue to develop their successful online sportsbook and the U.S. online gaming business, and we look forward to helping them achieve future growth in their business.”
“We thank the NeoGames team for their commitment and strong support over the years, and for the important role their technology has played in the success of our online sports betting and iGaming business,” said Eric Hession, President of Caesars Digital. “The NeoGames team offers unparalleled expertise and support, and we’re excited to continue leveraging our partnership with them as we expand our US online sportsbook and iGaming presence.”
About NeoGames
NeoGames is a technology-driven innovator and a global leader in iLottery and iGaming solutions and services to regulated lottery and gaming operators. The company provides its clients with a full suite of solution services, including a proprietary technology platform, two dedicated game studios with a broad portfolio of engaging games – one lottery game, one casino game, and a range of value-added services. The recent strategic acquisition of Aspire Global Group enables NeoGames to offer the most comprehensive iLottery product portfolio, BtoBet’s innovative sports betting platform, Pariplay’s advanced content aggregation solutions, and a full suite of B2B gaming technology and hosting services. NeoGames remains a valued partner to its global clients as it works to maximize their revenue potential through a variety of products including regulation and compliance, payment processing, risk management, player relationship management and player value optimization. NeoGames strives to be the preferred long-term partner of its clients, enabling them to offer their players interesting and profitable programs, generate more revenue, and maximize revenue for government and good causes.
Forward-looking statements:
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 private securities firm safe harbor provisions of the U.S. Litigation Reform Act of 1995, Including, but not limited to, statements relating to our current expectations and beliefs regarding future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may,” “will,” “expects,” “expects,” “targets,” “estimates,” “intends,” “plans” and similar . “believes”, “potentially”, “continues”, “may/probably” 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 beliefs about future events and are not guarantees of future performance. Actual results could differ materially from the information contained in the forward-looking statements as a result of a variety of factors, including but not limited to the risk factors listed 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 SEC on April 14, 2022, and the Other files. These statements reflect management’s current expectations regarding future events and results of operations and speak only as of the date of this press release. You should not place undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give no assurance that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or occur. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, after the date the statement was made or to reflect the occurrence of unanticipated events, except as required by applicable law.
contact person
Investor contact information:
ir@neogames.com
Media Relations:
pr@neogames.com
[ad_2]
Source link