NeoGames unanimously recommended for approval by NGCB

May 18, 2023
By
Leer en Español

The omnichannel supplier is contracted with Caesars Entertainment for both iGaming and sports wagering, as well as lottery support.

NeoGames Systems (NeoGames), will undergo final review today after a unanimous licensing recommendation from the Nevada Gaming Control Board (NGCB). Founded in Luxemburg and based in Israel, the supplier has also recently been acquired by Aristocrat, headquartered in Australia.

The acquisition is valued at $1.2bn. NeoGames’ stock, publicly traded, rose from around $13 to $27.32 after news of the deal; Aristocrat will wholly own NeoGames as a subsidiary when the transaction closes in 12 months’ time.

Though it may slightly complicate licensing with the NGCB, NeoGames CEO Moti Malul said of the recent acquisition, “We firmly believe this transaction represents a great outcome for all of NeoGames’ shareholders, customers and employees.”

The NGCB has recommended approval of licensing for both NeoGames’ corporate entities and individual company officers. State regulators believe the company’s licensing request to be fair, and said officers and executives questioned as part of the process had “exemplary records.”

NeoGames’ Las Vegas hearings were planned for back-to-back dates, to reduce the amount of travel for its employees, though the NGCB usually meets 15 days apart.

Control Board Chairman Kirk Hendrick commented, “We understand that with a lot of people traveling internationally, trying to get everybody together is not easy. We’re happy to do that and happy to do our part for the carbon footprint of the planet as well.”

A 90-minute testimony from NeoGames’ executives, which took place partly in Hebrew, explained how its platform would be integrated with Caesars’ and William Hill’s sports wagering entities.

NeoGames is contracted with Caesars, and recently extended their agreement, based around its NeoSphere platform and iGaming content.

State-by-State

Product Spotlight

Bragg Gaming Group

Bragg Gaming Group is a global content-driven iGaming technology provider, serving online and land-based gaming operators with its proprietary and exclusive content and cutting-edge technology.
GA HUDDLE #087

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!
GA HUDDLE #086

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

As the Tribal gaming sector congregates once more in the Golden State, is it too cliché of me to suggest we are heading for a golden era of Tribal gaming? With the industry set to meet at the Indian Gaming Association t...

10-11-From-the-top
From The Top: Will youth be served by Sports Betting?
Two recent interviews in our Huddle podcast revealed to Las Vegas correspondent Brian Joseph just how young sports betting entrepreneurs are becoming.
12-GA-MAR-10-year-v2
The Global Gaming Awards: Rewarding Excellence
The 10th edition of the Global Gaming Awards took place in Las Vegas last year. Gaming America looks back... and ahead to this year's.
16-18-IGA-Preview
Preview: Indian Gaming Tradeshow & Convention
Gaming America looks ahead to the 2024 Indian Gaming Tradeshow & Convention and what attendees can expect when they arrive at the Anaheim Convention Centre.
20-22-GA-Mar-888-Holding-article
888 and the US Market: A cautionary tale
Gaming America explores the risk of resting on your laurels and the challenge of remaining relevant in a rapidly expanding market.