NeoGames S.A. provides a suite of iLottery technology solutions worldwide. The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of draw based games and instant tickets through personal computers, smartphones, and handheld devices. It also develops and operates online lotteries and games that allows lottery operators to distribute lottery products through online sales channels using the company's technology. In addition, the company offers software development and platforms sub-licensing services; and regulation and compliance, payment processing, risk management, player relationship management, and player value optimization services. NeoGames S.A. was incorporated on 2014 and is headquartered in Tel Aviv, Israel.
IPO Year: 2020
Exchange: NASDAQ
Website: neogames.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/14/2023 | $29.50 | Buy → Hold | Jefferies |
| 8/10/2023 | $29.50 | Buy → Hold | Deutsche Bank |
| 12/1/2022 | $174.00 | Buy | Deutsche Bank |
| 11/18/2022 | $16.00 | Underperform | BofA Securities |
| 3/31/2022 | $20.00 | Buy | Jefferies |
Jefferies downgraded NeoGames from Buy to Hold and set a new price target of $29.50
Deutsche Bank downgraded NeoGames from Buy to Hold and set a new price target of $29.50
Deutsche Bank initiated coverage of NeoGames with a rating of Buy and set a new price target of $174.00
BofA Securities initiated coverage of NeoGames with a rating of Underperform and set a new price target of $16.00
Jefferies initiated coverage of NeoGames with a rating of Buy and set a new price target of $20.00
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LUXEMBOURG, Aug. 01, 2023 (GLOBE NEWSWIRE) -- NeoGames S.A. (NASDAQ:NGMS) ("NeoGames" or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, has significantly enhanced its senior leadership team in North America following the appointment of Robert Wesley as the company's new Vice President of North American Customer Development, effective August 1. Wesley joins NeoGames after 25 successful years at the Virginia Lottery, where over the course of his tenure, he held a number of significant positions, with his most recent being Deputy Executive Director of Lottery. Under his leadership, Virginia's iLottery program became the top performing U.S. jurisdic
LUXEMBOURG, June 07, 2021 (GLOBE NEWSWIRE) -- NeoGames S.A., (Nasdaq: NGMS) (“NeoGames” or the "Company"), a technology-driven provider of end-to-end iLottery solutions, today announced the appointment of Christopher G. Shaban as Executive Vice President of Sales, Marketing and Customer Development, effective June 7th. Mr. Shaban brings over 24 years of global lottery industry experience, including expertise across all elements of lottery authorization, contracting, operations, and business development. Mr. Shaban will join NeoGames Management team and will assume global responsibilities for new sales initiatives, government relations, customer development and growth, as well as marketing
LUXEMBOURG, Jan. 20, 2021 (GLOBE NEWSWIRE) -- NeoGames S.A. (Nasdaq: NGMS) (“NeoGames” or the "Company"), a technology-driven provider of end-to-end iLottery solutions, announced today the appointment of Lisbeth McNabb to its board of directors as a Non-executive director. The appointment is effective immediately. Ms. McNabb will serve as chairperson on the board’s audit committee and a member of its compensation and nominating and corporate governance committees. With the addition, the board expands to six members. Ms. McNabb has deep experience as a creative strategist and operational leader skilled in developing solutions to meet competitive, customer and business objectives in environ
LUXEMBOURG, April 25, 2024 (GLOBE NEWSWIRE) -- Neo Group Ltd. (formerly known as NeoGames S.A.) (NASDAQ:NGMS) ("Neo" or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today that Aristocrat Leisure Limited (ASX: ALL) ("Aristocrat"), an entertainment and content creation company delivering world-leading mobile and casino games, has completed the previously announced acquisition of all of the outstanding ordinary shares of Neo for $29.50 per share in an all-cash transaction (the "Transaction"), representing an enterprise value of approximately $1.2 billion for Neo. "We are excited to have successfully closed this transaction and joined fo
LUXEMBOURG, April 18, 2024 (GLOBE NEWSWIRE) -- NeoGames S.A (NASDAQ:NGMS) (the "Company"), a technology-driven provider of end-to-end iGaming and iLottery solutions, today confirmed that all necessary regulatory approvals required for the completion of the business combination with Aristocrat Leisure Limited (ASX: ALL) ("Aristocrat") have been received or waived. In addition, all antitrust and foreign investment regulatory clearances have been received. This marks a further step towards completion of the Acquisition, before the final NeoGames shareholder vote. NeoGames and Aristocrat are continuing to work together to progress the remaining steps required to complete the Acquisition. Th
LUXEMBOURG, April 17, 2024 (GLOBE NEWSWIRE) -- NeoGames S.A (NASDAQ:NGMS), a technology-driven provider of end-to-end iGaming and iLottery solutions, has made a key appointment to the leadership team of its iLottery business unit with Christopher Shaban becoming Managing Director, iLottery. This is the latest phase of NeoGames' organizational restructure to support its upcoming plans as the company progresses towards the closing of its acquisition by Aristocrat, expected in the second quarter of fiscal year 2024. With his appointment effective immediately, Shaban will oversee all iLottery activity for the NeoGames Group globally, including new business, customer growth, the continued glo
LUXEMBOURG, April 15, 2024 (GLOBE NEWSWIRE) -- NeoGames S.A (NASDAQ:NGMS), a technology-driven provider of end-to-end iGaming and iLottery solutions, has signed a deal with BIG Brazil to power the operator's entry into the country's newly regulated iGaming market with its Caesars Brazil brand. As part of the deal, NeoGames' launch with BIG Brazil will encompass its industry-leading gaming platform (PAM), sportsbook solution, online games and additional operational products and services, as the Company embarks on its mission to become a leading supplier in the soon to be regulated Brazilian market, a market that has the potential to become one of the largest in the world. The agreement be
LUXEMBOURG, April 02, 2024 (GLOBE NEWSWIRE) -- NeoGames S.A. (NASDAQ:NGMS) ("NeoGames" or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, has announced a three-year contract extension with its long-standing Czech lottery customer, SAZKA, with the agreement to remain in effect until the end of 2028. SAZKA, a part of Allwyn, is a multi-national lottery operator with leading market positions in the Czech Republic, Austria, Greece, Cyprus, Italy, the United Kingdom, and the United States (Illinois). The agreement ensures that SAZKA will continue to leverage NeoGames' industry-leading iLottery and iGaming solutions, including its market-leading NeoSph
– Full Year 2023 Revenues and Share of NPI Revenues Interest total $254.6 million –– Full Year 2023 Net Loss of $18.3 million and Adjusted Net Income, after taking effect of the amortization of Aspire intangibles, was $12.8 million –– Full Year 2023 Adjusted EBITDA total $76.2 million, an increase of 39.8% year-over-year –– Expected Timeline for Completion of the Aristocrat Business Combination during the second quarter 2024 – LUXEMBOURG, March 06, 2024 (GLOBE NEWSWIRE) -- NeoGames S.A. (NASDAQ:NGMS) ("NeoGames" or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today financial results for the fourth quarter and year ended December 31,
LUXEMBOURG, March 05, 2024 (GLOBE NEWSWIRE) -- NeoGames S.A. (NASDAQ:NGMS) ("NeoGames" or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, has expanded the US footprint of NeoGames Studio by launching its range of premium eInstants with the Georgia Lottery Corporation. The launch significantly elevates the online offering of Georgia Lottery, one of the most successful lotteries in the US, by complementing its range of successful Diggi Games; enabling the operator to enhance its appeal to a broader player demographic and increase opportunities for engagement and retention. NeoGames Studio has been delivering award-winning eInstant content to lotte
LUXEMBOURG, Feb. 28, 2024 (GLOBE NEWSWIRE) -- NeoGames S.A. (NASDAQ:NGMS) ("NeoGames" or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, announces that it will release its fourth quarter and year-end 2023 results after the market closes on Wednesday, March 6, 2024. 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 casi
LUXEMBOURG, Dec. 11, 2023 (GLOBE NEWSWIRE) -- 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 is set for further expansion in the North American market after signing an agreement with Tipico's US business. The deal will enable Tipico's players in New Jersey to enjoy Pariplay's Wizard Games titles, as well as a selection of aggregated content from its Fusion offering. Tipico is a world-leading operator in sports betting and iGaming, offering state-of-the-art digital entertainment and engaging gameplay experiences across 30 different sports. Its New Jersey
LUXEMBOURG, Nov. 16, 2023 (GLOBE NEWSWIRE) -- 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 is continuing to expand its presence in North America through a partnership with Hard Rock Digital and its Hard Rock Bet platform in New Jersey. The new partnership sees Pariplay launch slot games from its game studio, Wizard Games, through its Fusion aggregation platform. A range of feature-rich and innovative slots, including top performers like Dragons of the North, Spirit of Mustang, and Wolf Riches, are now available to Hard Rock Bet players in New Jersey. The l
– Full Year 2023 Revenues and Share of NPI Revenues Interest total $254.6 million –– Full Year 2023 Net Loss of $18.3 million and Adjusted Net Income, after taking effect of the amortization of Aspire intangibles, was $12.8 million –– Full Year 2023 Adjusted EBITDA total $76.2 million, an increase of 39.8% year-over-year –– Expected Timeline for Completion of the Aristocrat Business Combination during the second quarter 2024 – LUXEMBOURG, March 06, 2024 (GLOBE NEWSWIRE) -- NeoGames S.A. (NASDAQ:NGMS) ("NeoGames" or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today financial results for the fourth quarter and year ended December 31,
– Third Quarter Revenues and Share of NPI Revenues Interest total $63.3 million – – Third Quarter Net Loss of $3.6 million and Adjusted Net Income, after taking effect of the amortization of Aspire intangibles, was $4.4 million – – Third Quarter Adjusted EBITDA total $19.9 million, an increase of 13% year-over-year – – Expected Timeline for Completion of the Aristocrat Business Combination Remains the First Half of 2024 – LUXEMBOURG, Nov. 08, 2023 (GLOBE NEWSWIRE) -- NeoGames S.A. (NASDAQ:NGMS) ("NeoGames" or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today financial results for the third quarter ended Se
– Second Quarter Revenues and Share of NPI Revenues Interest total $62.0 million, up 98.2% year-over-year – – Expected Timeline for Completion of the Aristocrat Business Combination Remains the First Half of 2024 – LUXEMBOURG, Aug. 09, 2023 (GLOBE NEWSWIRE) -- NeoGames S.A. (NASDAQ:NGMS) ("NeoGames" or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today financial results for the second quarter ended June 30, 2023. Moti Malul, Chief Executive Officer of NeoGames, said: "We are very pleased with the achievements and partnerships that defined and drove our second quarter results. Our continued commitment to innovation and excellence ha
LUXEMBOURG, May 10, 2023 (GLOBE NEWSWIRE) -- NeoGames S.A. (NASDAQ:NGMS) ("NeoGames" or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today financial results for the first quarter ended March 31, 2023. Moti Malul, Chief Executive Officer of NeoGames, said: "We are pleased to have carried the momentum we exited 2022 with, into the start of 2023 as we took steps to further solidify our position as the global leader in iLottery, sports betting and iGaming solutions. Toward this end, we were proud to be recognized by EGR North America as the lottery supplier of the year, as well as with the Gold distinction for ‘Best New Game', beating ot
LUXEMBOURG, April 20, 2023 (GLOBE NEWSWIRE) -- NeoGames S.A. (NASDAQ:NGMS) ("NeoGames" or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, announces that it will release its first quarter 2023 results after the market closes on Wednesday, May 10, 2023. The Company will host a conference call and audio webcast on Thursday, May 11, 2023 at 8:30 am Eastern Time to discuss the results. To listen to the audio webcast and live Q&A, please visit the NeoGames' investor relations website at ir.neogames.com. Interested parties may also dial 1-833-816-1400 or, for international callers, 1-412-317-0493. An audio replay of the webcast will be available on Neo
– Fourth Quarter Revenues and Share of NPI Revenues Interest total $83.2 million, up 291% year-over-year – – Full Year Revenues and Share of NPI Revenues Interest was $210.2 million – – Initiates Full Year 2023 Revenue and Share of NPI Revenues Guidance representing 10.4% year-over-year growth at the midpoint on a like-for-like basis – LUXEMBOURG, March 06, 2023 (GLOBE NEWSWIRE) -- NeoGames S.A. (NASDAQ:NGMS) ("NeoGames" or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today financial results for the fourth quarter and year ended December 31, 2022. Moti Malul, Chief Executive Officer of NeoGames, said: "We are proud of the tremendo
LUXEMBOURG, Feb. 22, 2023 (GLOBE NEWSWIRE) -- NeoGames S.A. (NASDAQ:NGMS) ("NeoGames" or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, announces that it will release its fourth quarter and year-end 2022 results after the market closes on Monday, March 6, 2023. The Company will host a conference call and audio webcast on Tuesday, March 7, 2023 at 8:30 am Eastern Time to discuss the results. To listen to the audio webcast and live Q&A, please visit the NeoGames' investor relations website at ir.neogames.com. Interested parties may also dial 1-877-300-8521 or, for international callers, 1-412-317-6026. An audio replay of the webcast will be avail
LUXEMBOURG, Oct. 26, 2022 (GLOBE NEWSWIRE) -- NeoGames S.A. (NASDAQ:NGMS) ("NeoGames" or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, announces that it will release its third quarter 2022 results after the market closes on Wednesday, November 9, 2022. The Company will host a conference call and audio webcast on Thursday, November 10, 2022 at 8:30 am Eastern Time to discuss the results. To listen to the audio webcast and live Q&A, please visit the NeoGames' investor relations website at ir.neogames.com. Interested parties may also dial 1-866-652-5200 or, for international callers, 1-412-317-6060. An audio replay of the webcast will be availabl
– Successfully Completed the Tender Offer for Aspire Global on June 16, 2022 – – Second Quarter Revenues and Share of NPI Revenues Interest totaled $31.3 million, up 46.4% year-over-year – – Updates Full Year 2022 Revenue and Share of NPI Revenues Guidance to $194 million to $208 million reflecting completion of Aspire Global Tender – LUXEMBOURG, Aug. 10, 2022 (GLOBE NEWSWIRE) -- NeoGames S.A. (NASDAQ:NGMS) ("NeoGames" or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today financial results for the second quarter ended June 30, 2022. Moti Malul, Chief Executive Officer of NeoGames, said: "During the quarter, we were excited to comp
LUXEMBOURG, July 28, 2022 (GLOBE NEWSWIRE) -- NeoGames S.A. (NASDAQ:NGMS) ("NeoGames" or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, announces that it will release its second quarter 2022 results after the market closes on Wednesday, August 10, 2022. The Company will host a conference call and audio webcast on Thursday, August 11, 2022 at 8:30 am Eastern Time to discuss the results. To listen to the audio webcast and live Q&A, please visit the NeoGames' investor relations website at ir.neogames.com. Interested parties may also dial 1-866-652-5200 or, for international callers, 1-412-317-6060. An audio replay of the webcast will be available