Three more years of NeoSphere: Caesars and NeoGames extend agreement
The NeoSphere platform will be sublicensed to an affiliate of Caesars Entertainment, and NeoGames will support Caesars with its own platform.
NeoGames, iGaming and iLottery platform provider, will extend a licensing agreement with an affiliate of Caesars Entertainment. The amended agreement will include a three-year extension with the possibility of additional annual renewals.
Caesars will receive a sublicense to use NeoGames’ Player Account Management System, as well as the NeoSphere platform and all of its associated services, in its implementation of both sports betting and iGaming. NeoGames will also work with Caesars to “support the ongoing growth of its online business” across US gaming markets.
Moti Malul, NeoGames CEO, said, “We are very proud and pleased with our strong ongoing partnership with Caesars and are excited to keep delivering our services to the Caesars team, as they continue to develop their successful online sports betting and iGaming business in the US. We look forward to assisting them with the future growth of their business.”
As part of the agreement, NeoGames will facilitate the transition of Caesars’ gaming operations to its own tech platform when possible; for the full term of the agreement, NeoGames has also secured a guaranteed net profit level.
Eric Hession, President of Caesars Digital, said, “We appreciate the commitment and strong support of the NeoGames team over the years, and the important role that its technology plays in the success of our online sports betting and iGaming business.
“The NeoGames team offers unparalleled expertise and support, and we are excited to continue leveraging our partnership with them as we expand our US online sports betting and iGaming business.”
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