NeoGames eInstant The Lamp Breaks Virginia Lottery All-time Record
February 06 2023 - 8:30AM
NeoGames S.A., (Nasdaq: NGMS) ("NeoGames" or the "Company"), a
leading technology and services provider of end-to-end iLottery
solutions, announces the record-breaking launch of NeoGames
Studio’s eInstant game, The Lamp, with the Virginia Lottery.
Thirty days post-launch, The Lamp holds the record for the most
profitable game ever in Virginia Lottery, with total purchases to
date exceeding $40 million, outperforming the game that holds
second place by more than 200%. With The Lamp, NeoGames created a
favorite game theme in an eInstant format, appealing to new players
and fans of the Match 3 games genre with a genie theme; amplifying
our players’ interest and engagement using three progressive
jackpots. The game's innovative progressive jackpot feature paid
out approximately half a million dollars during the initial launch
period.
The Lamp, a creation of NeoGames Studio, has also been launched
successfully with two other customers in North America under the
name of Desert Fantasy and Magic Money Ride, and with its global
appeal NeoGames expects to explore further launches in other
countries.
"NeoGames is thrilled at the resounding success of The Lamp with
the Virginia Lottery. We believe that the new game, with its
popular theme and many ways to win, is on course to increase
revenues to good causes in Virginia; with its broad appeal to
existing and new players," said Moti Malul, CEO of
NeoGames.
"We launched our first progressive jackpot game two years ago
and these have really resonated with our players,” said
Kelly Gee, Executive Director of the Virginia
Lottery. “The Lamp’s success has been particularly
impressive and quickly became our best-performing eInstant.”
About NeoGames
NeoGames 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
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Contacts Investor
Contact: ir@neogames.comMedia
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