NeoGames appoints new Board member and regains Nasdaq compliance 

July 7, 2023
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Capp brings 35 years of experience in the gaming and financial industries to the role.

NeoGames has expanded its Board with the election of Steve Capp and has regained its compliance with Nasdaq listing rules in relation to its audit committee composition.

NeoGames has announced the election of Capp to its Board of Directors as an independent, Non-Executive Director following the approval of the Company’s shareholders. This election took place at the 2023 Annual General Meeting. 

Capp has 35 years of experience in the gaming and financial services industries. He began his career as an Investment Banker with Bank of America Securities and Bear Stearns & Co. From 2019 until 2022, Capp served as EVP and CFO of Bally’s Corporation. Prior to Bally's, Capp was a Director and Financial Consultant at Right Angle from 2011 until 2018.

After his election to the Board, Capp was appointed as the Chairperson of the audit committee and as a member of its compensation, nominating and corporate governance committees. 

Other Directors on NeoGames’ Board are: Chairman John E Taylor, Rony Aran, CEO Moti Malul, Barak Matalan and Laurent Teitgan. 

Following his appointment, the Company received notice from Nasdaq that it has regained compliance with Nasdaq Listing Rule 5605(c)(2)(A); requiring that the audit committee be comprised of at least three independent directors within the requisite cure period allowed for under the Nasdaq listing rules.  

Aristocrat recently announced it will acquire NeoGames for $1.2bn, which represents a valuation multiple of approximately x24 NeoGames’ revenue for the first quarter of 2023. 

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