NeoGames posts 13.6% decrease in total revenue for Q3 to $63.3m

November 9, 2023

There has been continued growth in the company's iLottery, games and sports business lines.

NeoGames has posted its financial results for the third quarter of 2023, reporting a 13.6% decrease year-on-year in total revenue, and the company’s share of NPI (NeoPollard Interactive) revenue, from $73.3m to $63.3m.

NeoPollard Interactive is a company jointly owned by NeoGames and Pollard Banknote.

NeoGames’ total iLottery revenue with the company’s share of NPI revenue during the third quarter of 2023 was $31.4m, representing a 26.9% year-on-year increase, mainly due to the continued growth of most major accounts and the jackpot in the US market during the quarter.

Net loss was $3.6m during the third quarter of 2023, compared to a net loss of $4.4m for the same period last year. This was down to costs attributed to the Aristocrat transaction and the amortization attributable to the Aspire business combination, according to the company


There was a year-on-year increase in adjusted EBITDA for NeoGames, as well, rising from $17.6m in the third quarter of 2022 to $19.9m in the third quarter of 2023, illustrating a 12.9% increase. 

NeoGames CEO Moti Malul provided his thoughts on the results: “We are pleased with the progress we made during the third quarter advancing our strategic goals while we continue to work towards completing our merger with Aristocrat Leisure. 

“We are also encouraged by the interest and pipeline in the US market for our iGaming offering. We plan to continue to invest in delivering the deals we’ve announced and to enhance our product offering to scale and capture future opportunities in the space." 

Some of NeoGames’ recent business highlights during the quarter include its Joint Venture, NPI, being selected by the West Virginia Lottery for a full turn-key iLottery program, Pariplay signing ten new operations and NeoGames Studio launching its portfolio of instant games content with the Atlantic Lottery Corporation Canada. 


Product Spotlight


Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.

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!

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.

Five years ago, before the mass proliferation of social media we see today – and even before the Covid-19 pandemic – I think you would be hard pressed to find a CEO talking about “Instagrammable moments.” KPIs w...

The Global Gaming Awards: Looking ahead to 2024's ceremonies.
After more than a decade of celebrating gaming's best, Gaming America looks ahead to a bright 2024 for the Global Gaming Awards in the Americas and Asia-Pacific.
From the top: The Indian Gaming Tradeshow & Convention
Tribal gaming is a uniquely American institution and all its uncommon attributes were on display this April at the Indian Gaming Tradeshow & Convention in Anaheim, California.
Review: Terre Haute Casino Resort and Harrah's Hoosier Park Racing & Casino
Terre Haute Casino Resort vs. Harrah's Hoosier Park Racing & Casino, Gaming America's Laura Mack reviews each property.
Eureka Casino interview: CEO Andre Carrier on resort expansion
We spoke with returning guest, CEO Andre Carrier, about Eureka Casino Resort's expansion. He aims to not only change the look and feel of the casino, but to also build residential housing around it.