NeoGames and Intralot do Brasil Announce Landmark Launch of LotoMinas iLottery and Online Sports Betting in Minas Gerais, Brazil
February 27 2023 - 9:05AM
NeoGames S.A. (Nasdaq: NGMS) (“NeoGames”), a technology-driven
provider of end-to-end iLottery and iGaming solutions, and Intralot
do Brasil (also known as “Saga Business Games Inteligence”)
announce the launch of the first regulated iLottery and online
sports betting solution in Brazil, for Loteria Mineira, the
official lottery of Brazil's second largest state, Minas Gerais.
The launch of “LotoMinas” marks NeoGames’ entry into the
Brazilian market and is the beginning of a multi-year turnkey
project with the local lottery operator. It is NeoGames’ first
cooperation with Aspire Global and BtoBet, both companies that
NeoGames acquired last year, which are now part of the NeoGames
group of companies.
The comprehensive digital solution in Minas Gerais is
anticipated to build upon the state's currently operating,
successful retail lottery and digital keno program. NeoGames has
implemented a local cloud based solution in Brazil, with its
industry leading NeoSphere platform, a suite of eInstant games from
the NeoGames Studio tailored to the local market, a range of
services from Aspire Global, including CRM management and sports
risk management, and a complete online sports betting solution from
BtoBet, including Managed Trading Services. At launch, 18 games
were selected to be available for players, including the
award-winning Queen of Diamonds, Instant Keno Multiplier and VIP
Platinum.
“We are excited to announce this truly groundbreaking launch in
the Brazilian market, marking the go-live of a state lottery in
Brazil with a full iLottery and online sports betting offering. We
are proud to partner with such an experienced team at Intralot do
Brasil, who understand the local market so well and has built a
solid operation and reputation. Together we will provide online
lottery and sports betting players in Minas Gerais with a
first-class online gaming experience. This deal is another
demonstration of how we have brought the benefits our recent
strategic acquisition into play; capitalizing on the online sports
betting solution from BtoBet and the managed services from Aspire
Global. This project truly exemplifies the strategic benefits that
the NeoGames group of companies offer.” - NeoGames CEO,
Moti Malul
"As a market pioneer in the Brazilian lottery market, this
partnership with NeoGames, one of the industry's most innovative
iLottery providers, is truly a natural fit. We're excited to offer
our players a comprehensive digital program that will broaden and
enhance the range of content and services that we offer them. The
new modalities of online instant games and sport betting, and
investments in technology are also part of the expansion plan for
new states and federal licenses. We are confident that this
collaboration with NeoGames will advance the lottery.” -
Saga Business Games Inteligence and Intralot do Brasil CEO
& Owner, Sérgio Alvarenga
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.
About SAGA Business Games InteligenceSAGA was
founded in 2007 with a focus on the traffic technology,
transportation and lottery business in Brazil. In 2010, it
developed its first official lottery operation in partnership with
Intralot S.A., winning the concession in the State of Minas Gerais
to operate online/real-time games. Thus, for more than 12 years,
operating a network of approximately 3,000 terminals and thousands
of customers in physical and online channels, the company has
developed logistical, financial, commercial and operational
know-how in the market, positioning itself as the most successful
operation in the country. It also stands out for its performance,
with revenues exceeding BRL 1.2 billion. In 2020, it acquired the
shares of Intralot S.A. in the company and became the owner of
Intralot do Brasil. In the same year, it launched its flagship
game, Keno Minas, on the web channel with its own game and payment
system.
Forward-looking StatementsCertain 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 including our expectations regarding our partnership
with Intralot do Brasil. 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 NeoGames Investor
Contact: ir@neogames.com Media
Relations: pr@neogames.com
Contacts Intralot do Brasil Media
Relations: marketing@intralot.com.br site.contato@intralot.com.br
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