NeoGames’ Pariplay Maintains North American Momentum with Connecticut Licenses
October 04 2022 - 8:30AM
NeoGames S.A. (Nasdaq: NGMS) (“NeoGames” or the “Company”), a
technology-driven provider of end-to-end iLottery and iGaming
solutions, announced today that its subsidiary, Pariplay, has been
approved as a supplier in Connecticut, the fifth state in which the
company is now able to operate in the United States.
Moti Malul, Chief Executive Officer of NeoGames, said: “We are
delighted to have gained our Connecticut license, which is our
fifth awarded to Pariplay in the United States. Our bold approach
to entering regulated markets is something we’re very proud of, and
this is allowing us to continue to excel as a business.”
Lawrence Hanlin, Head of Compliance at Pariplay, said: “As more
and more markets embrace regulation in the United States, we’re
given further opportunities to make a real impact for operators and
partners alike. Connecticut marks an important milestone for us in
our quest to be the leading aggregator across the States, and we’re
very proud of all we have achieved so far, with us now live in five
of the six markets which allow for online slot gaming.”
The supplier has been given its Online Gaming Service Provider
and Gaming Services Registration Exemption, provided by the State
of Connecticut, as well as its Mashantucket Pequot Tribal Nation
(Connecticut) license, as it continues to enjoy success in North
America.
Operators throughout the Constitution State, home to more than 3
million people, will now be able to partner with Pariplay and gain
access to its Fusion® platform, which boasts more than 14,000
titles from over 80 leading providers.
Fusion® combines localized content with market-leading games, as
well as expertly designed gamification and player retention
tools.
The Connecticut license becomes the fifth awarded to Pariplay in
the US, following Pennsylvania, Michigan, West Virginia and New
Jersey, allowing the supplier to operate in five of the six states
where iGaming is regulated in the country. In addition, the company
is live in Alberta and Ontario, Canada, and will soon be available
in five other Canadian provinces.
About NeoGamesNeoGames is a technology-driven
innovator and a global leader of iLottery and iGaming solutions and
services for regulated lotteries and gaming operators. The Company
offers its customers a full-service suite of solutions, including
proprietary technology platforms, two dedicated game studios with
an extensive portfolio of engaging games – one in lottery and one
in casino games, and a range of value-added services. The recent
strategic acquisition of Aspire Global Group enables NeoGames to
offer the most comprehensive portfolio across iLottery, an
innovative sports betting platform from BtoBet, an advanced content
aggregation solution from Pariplay, and a complete set of B2B
Gaming tech and Managed Services. NeoGames remains an instrumental
partner to its customers worldwide, as it works to maximize their
revenue potential through various offerings, including regulation
and compliance, payment processing, risk management, player
relationship management, and player value optimization. NeoGames
strives to be the long-term partner of choice for its customers,
empowering them to deliver enjoyable and profitable programs to
their players, generate more revenue, and maximize proceeds to
governments and good causes.
Forward-looking statement: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 safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995, including but not limited to
statements, that relate to our current expectations and views of
future events. In some cases, these forward-looking statements can
be identified by words or phrases such as “may,” “will,” “expect,”
“anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,”
“potential,” “continue,” “is/are likely to” 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 views with respect to future events and are not a guarantee
of future performance. Actual outcomes may differ materially from
the information contained in the forward-looking statements as a
result of a number of factors including, without limitation the
risk factors set forth 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 Securities and Exchange Commission on April
14, 2022, and other documents filed with or furnished to the SEC.
These statements reflect management’s current expectations
regarding future events and operating performance and speak only as
of the date of this press release. You should not put undue
reliance on any forward-looking statements. Although we believe
that the expectations reflected in the forward-looking statements
are reasonable, we cannot guarantee that future results, levels of
activity, performance and events and circumstances reflected in the
forward-looking statements will be achieved or will occur. Except
as required by applicable law, we undertake no obligation to update
or revise publicly any forward-looking statements, whether as a
result of new information, future events or otherwise, after the
date on which the statements are made or to reflect the occurrence
of unanticipated events.
Contacts Investor
Contact: ir@neogames.com Media
Relations: pr@neogames.com
NeoGames (NASDAQ:NGMS)
Historical Stock Chart
From Jun 2024 to Jul 2024
NeoGames (NASDAQ:NGMS)
Historical Stock Chart
From Jul 2023 to Jul 2024