SBC News Voice of the Sports Betting Industry
NeoGames has promoted Christopher Shaban to Managing Director of its iLottery division.
Shaban will be tasked with overseeing all iLottery activity for NeoGames which includes new business, customer growth, and the expansion of NeoGames’ iLottery solution.
NeoGames is currently live in five states with its iLottery product, and most recently launched in Georgia in March.
“Chris is hugely respected within the lottery industry and his track record speaks for itself. I am thrilled about his appointment and look forward to seeing him drive us forward in our iLottery business,” said NeoGames CEO Moti Malul.
According to Neogames, Shaban will bring a wealth of experience to the position as he has over 27 years of experience in the global lottery industry.
He has been with the company since 2021 as EVP of Global Business and Customer Development for NeoGames’ iLottery business.
“It has been a few wonderful years with NeoGames and I am excited to continue in this new role as Managing Director, iLottery. Working together with the extremely talented people in our company, we are poised to expand our efforts under Aristocrat to best support our global lottery customers on their interactive journey,” added Shaban.
NeoGames says that the latest phase of organisational restructuring within the company is to support its upcoming plans as it readies to be taken over by Aristocrat. In July 2023 shareholders unanimously backed the deal as well as other measures including the relocation of the firm’s statutory continuation from Luxembourg to the Cayman Islands.
Aristocrat will pay a price of $29.50 per share which represents a 104% premium on the volume-weighted average price of NeoGames shares for the three months ending May 12, 2023.
NeoGames confirmed that it expects the acquisition to take place in the second quarter of 2024.
