Tag Archives: Moti Malul

NeoGames ‘making progress’ towards full Aristocrat integration

Genius Q3 YTD revenue up

NeoGames remains committed to and confident in continued sustainable growth despite a slowdown in revenue during Q3, which the group attributed to UK and Germany hurdles. The igaming and ilottery supplier reported total revenues, including its share in NeoPollard Interactive – another share is held by Pollard Banknote – at $63.3m, a 14% drop on Q3 2023 revenue of $73.3m. …

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Aspire adds to NeoGames arsenal ahead of Aristocrat closure

GambleAware: 90% of Q3 2022 donations came from two largest firms

NeoGames has reported positive trading during Q2 2023 with a particularly significant contribution from its Aspire Global brand portfolio, ahead of potentially major changes to its business later this year. The Luxembourg-founded company reported group-wide revenue growth of 98% from $31m to $62m and an uptick in EBITDA of 75% from $10m to $18 to its Nasdaq investors, whilst also …

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Aristocrat one step closer to NeoGames takeover as shareholders approve

Aristocrat one step closer to NeoGames takeover as shareholders approve

Aristocrat Leisure has secured approval for the takeover of NeoGames from the latter’s shareholders, in a move that will expand the group’s operations across betting, gaming and lottery. The 15 July vote marks the first of two required approvals needed from investors for the gaming machine developer to continue the takeover. Shareholders not only approved the proposed integration into Aristocrat …

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Motti Gil joins NeoGames as CFO for transformational period

Motti Gil joins NeoGames as CFO for transformational period

Motti Gil has been appointed as Chief Financial Officer (CFO) of NeoGames as the sportsbook, igaming and iLottery solutions developer prepares for integration into Aristocrat Entertainment. Succeeding Raviv Adler in the position, Gil will continue to work closely with the outgoing CFO for a seamless transition of duties. Adler will officially step down from the role on 31 July 2023, …

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NeoGames targets sports betting security with ULIS membership

NeoGames targets sports betting security with ULIS membership

NeoGames has shored up its sports safeguarding capabilities by becoming the latest member of United Lotteries for Integrity in Sport (ULIS). By becoming an Associate Member, the B2B betting and gaming supplier hopes to gain access to a greater pool of resources and expertise on betting integrity issues. The company’s ultimate goal is to ensure its sports betting offering operates …

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NeoGames to join Aristocrat portfolio as takeover terms agreed

NeoGames to join Aristocrat portfolio as takeover terms agreed

NeoGames SA has announced that it has reached an agreement with Aristocrat Entertainment which will see the latter acquire the B2B betting and gaming solutions provider. Due to be conducted at a price of £29.50 per NeoGames share, the business combination agreement values the NASDAQ-listed company at $1.2bn, and represents a 104% premium over the volume weighted average price of …

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Aspire Global contributes $112m to NeoGames FY22 outlook

Aspire Global contributes $207m to NeoGames FY22 year-end outlook

NeoGames SA has highlighted the long-term value of its combination with Aspire Global, reporting strong growth across its business throughout 2022 despite a net loss due to heightened costs. Headline figures in the company’s full year and Q4 2022 trading report saw NeoGames register group-wide revenue growth of 149% from $84.5m to $210.2m, attributed by the solutions provider to the …

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NeoGames’ M&A strategy bears fruit as multi-product offering lands in Brazil

Latin America. NeoGames launches in Brazil.

NeoGames has taken a major step in its 2023 international rollout, launching a sports betting and iLottery product in Brazil in partnership with Intralot de Brasil. The ‘LotoMinas’ platform has been developed for Loteria Mineira, the official lottery of the second largest Brazilian state of Minas Gerais, and marks two key milestones for the Nasdaq listed gaming tech developer. Firstly, …

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Aspire Global records $48.5m revenue in first quarter under NeoGames ownership

neogmaes aspire q3 nasdaq

Aspire Global has completed its first financial quarter as a subsidiary of NeoGames, recording steady revenue of $48.5m, although some hurdles were encountered. As detailed in NeoGames Q3 trading update, Aspire’s revenue for the quarter represented an 8% growth rate when measured in constant currency, but this was somewhat offset by a 16% decrease due to the impact of foreign …

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Aspire accepts NeoGames €410m takeover offer

SBC News Aspire accepts NeoGames €410m takeover offer

The board of Aspire Global Plc has this morning ‘unanimously recommended’ an SEK 111 (€11) per share bid to shareholders, made on the behalf of NeoGames SA.  The public tender offer values Aspire Global at a deal equivalent of SEK 4.3 billion (€410m), representing a 41% premium on the firm’s 17 January closing trading price on the Nordic Nasdaq Exchange …

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