NeoGames’ BtoBet secures regulatory approval for Ontario launch
January 12 2023 - 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 BtoBet, a leading
sports betting supplier, has secured regulatory approval from the
Alcohol and Gaming Commission of Ontario (AGCO), paving the way for
its entry in the market under the new regulations.
Tsachi Maimon, President of NeoGames, said: “Obtaining the
registration approval from the AGCO is an important milestone for
the company as we seek to expand our presence in the North American
region. This approval underscores BtoBet’s exemplary track record
in compliance, and we are excited to be in a position to deliver
our market-leading sportsbook technology to customers in
Ontario.”
The approval by the AGCO will allow BtoBet to provide its
leading sportsbook technology and services to operators looking to
launch in this promising market, ensuring the players’ safety while
engaging with the company’s online sports betting platform.
AGCO’s approval comes after the recently acquired GLI-33
Events Wagering System Certification by Gaming Laboratories
International for the company’s sportsbook platform which opens the
door for BtoBet to launch its sports betting technology across the
North American market.
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
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Contacts Investor
Contact: ir@neogames.com Media
Relations: pr@neogames.com
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