Tag Archives: Moti Malul

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 …

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. …

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 …

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 …

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, …

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 …

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 …

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 …

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, …

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 …