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NeoGames Announces Fourth Quarter and Full Year 2021 Results

Published

3 years ago

March 10, 2022

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NeoGames S.A., a technology-driven provider of end-to-end iLottery solutions, announced today financial results for the fourth quarter and fiscal year ended December 31, 2021.

Moti Malul, Chief Executive Officer of NeoGames, said: “Sound commercial execution and unrivaled innovation in iLottery are continuing to drive growth for our customers. During the fourth quarter we saw growth in all of our key accounts with particular strength in our US accounts. Our combined revenues and share in NPI Revenues grew 5% sequentially, and over 40% for the full year.

“We carried our momentum into 2022 with our offer to acquire Aspire Global, which continues to be on track for closing in the first half of 2022. More and more we find our iLottery customers require a broad range of integrated gaming verticals. We firmly believe that combining NeoGames and Aspire Global will drive our strategy to be a leader in providing digital solutions to lotteries globally. We are already successfully collaborating with Aspire to launch their Pariplay content in Alberta and the early results are very encouraging. We remain focused capitalizing on an expanding market opportunity and continuing to create value for our shareholders.”

Prague Gaming & TECH Summit 2025 (25-26 March)

Fourth Quarter 2021 Financial Highlights

The total of Revenues and the Company’s share in NPI revenues was $21.3 million during the fourth quarter of 2021 compared to $18.5 million during the fourth quarter of 2020, representing an increase of 15.2% year-over-year. Revenues were $12.3 million during the fourth quarter of 2021, compared to $14.0 million during the fourth quarter of 2020. In addition, the Company’s share in NPI revenues was $9.0 million during the fourth quarter of 2021, compared to $4.5 million during the fourth quarter of 2020, representing an increase of over 100% year-over-year.
Comprehensive loss was $(3.6) million, or $(0.14) per share, during the fourth quarter of 2021, compared to comprehensive income of $2.5 million, or $0.11 per share, during the fourth quarter of 2020. Comprehensive income was impacted by several non-recurring items, including prospective acquisition related expenses of $3.8 million related to the Aspire Global prospective acquisition and $2.6 million related to share based compensation expenses.
Adjusted EBITDA¹ was $7.9 million during the fourth quarter of 2021, compared to an Adjusted EBITDA of $9.2 million during the fourth quarter of 2020 representing a decrease of 13.8% year-over-year.
Network Net Gaming Revenue (“NGR”) was $189 million during the fourth quarter of 2021, compared to $142 million during the fourth quarter of 2020, representing an increase of 33% year-over-year.

Full Year 2021 Financial Highlights

The total of Revenues and the Company’s share in NPI revenues was $84.5 million during 2021 compared to $58.7 million during the prior year, representing an increase of 43.9% year-over-year. Revenues were $50.5 million for 2021, compared to $49.2 million for the prior year. The Company’s share in NPI revenues was $34.1 million for 2021, compared to $9.5 million during the prior year.
Comprehensive income was $4.7 million, or $0.18 per share, during 2021, compared to comprehensive income of $6.5 million, or $0.29 per share, during the prior year. Comprehensive income was impacted by several non-recurring items, including prospective acquisition related expenses from the Aspire Global prospective acquisition, share based compensation expenses and additional costs of being a publicly listed company for all of 2021.
Adjusted EBITDA² was $33.4 million during 2021, compared to an Adjusted EBITDA of $28.7 million during the prior year representing a increase of 16.5% year-over-year.
Network Net Gaming Revenue (“NGR”)² was $750 million for 2021, compared to $448 million for the prior year, representing an increase of 67% year-over-year.

Recent Business Highlights

Launched our suite of games with Sisal Şans, the operator of Turkey’s national lottery Milli Piyango, providing them with complete access to our premium game content, further enriching our European footprint.
On January 17, 2022, we commenced a public offer to the shareholders of Aspire Global plc to acquire 100% of the outstanding shares for approximately $480 million. The offer is comprised of cash for 50% of Aspire Global and equity for the remaining 50% of shares. If the offer is accepted by at least 90% of Aspire shareholders, and subject to additional terms and conditions, the transaction is expected to close during the first half of 2022.
On January 24, 2022 NPI announced its first digital content partnership with the Atlantic Lottery Corporation (“ALC”), further extending its and the Company’s reach in Canada.
On January 31, 2022, in collaboration with Aspire Global’s subsidiary, Pariplay Ltd, through NPI, we integrated Pariplay gaming content in Alberta, enhancing the technology, games and services offered and further providing players a cohesive online gaming and lottery experience.

Guidance

The Company is initiating revenue guidance for the full year 2022. The Company expects Revenue and its Share in NPI Revenues from existing customer accounts to be between $90 million and $97 million, representing an approximate 11.0% increase year-over-year at the midpoint. This range is based on revenues from existing accounts, does not assume revenues from the launch of new turn-key accounts, and reflects the range of possible outcomes of the conflict in Ukraine.

Conference Call & Webcast Details

NeoGames will host a live conference call and audio webcast on Thursday, March 10, 2022 at 8:30 a.m. Eastern Time, during which management will discuss the Company’s fourth quarter results and provide commentary on business performance. A question and answer session will follow the prepared remarks.

The conference call may be accessed by dialing (833) 301-1152 for U.S. domestic callers or (914) 987-7393 for international callers. Once connected with the operator, please provide the conference ID of 4128509.

A live audio webcast of the earnings conference call may be accessed on the Company’s website at ir.neogames.com. The replay of the audio webcast and accompanying presentation will be available on the Company’s investor relations website shortly after the call.

Latest News

Atlaslive Shortlisted for Prestigious EGR B2B Awards, Recognizing Excellence in Sportsbook Platform Innovation

Published

15 hours ago

May 22, 2025

Adrienn Sarkany

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Reading Time: 2 minutes

Atlaslive, a dynamic iGaming platform, is thrilled to announce its shortlisting for the highly anticipated EGR B2B Awards 2025 in the coveted Sportsbook Platform Supplier category. The awards ceremony is scheduled to take place on 3 July 2025 at The Roundhouse in London.

This recognition underscores Atlaslive’s commitment to providing market-leading solutions for the online wagering sector. The Sportsbook Platform Supplier award specifically acknowledges platforms that have demonstrated exceptional performance, innovation, and client satisfaction over the past 12 months.

Atlaslive’s nomination is a testament to its robust and comprehensive product offering, which empowers operators with a cutting-edge and flexible sportsbook platform. The shortlisting reflects Atlaslive’s strengths across the key criteria evaluated by the EGR B2B Awards judging panel:

Commercial Success: Atlaslive has achieved 3x growth in total bet volume and triple-digit GGR growth, highlighting strong market demand.
Product Integration and Delivery: The platform is renowned for its seamless integration capabilities and efficient delivery, enabling operators to quickly and effectively launch and scale their sportsbook operations within less than 2 days.
Innovation: Atlaslive consistently pushes the boundaries of sportsbook technology, introducing innovative features, like 3D Match Tracker, Bet Builder and functionalities that enhance the betting experience for users and provide a competitive edge for operators.
User Interface and Experience: The Atlaslive platform prioritizes an intuitive and engaging user interface, ensuring a smooth and enjoyable betting experience for players across all devices.
Back Office/Reporting: Atlaslive provides operators with a powerful and comprehensive back office system, offering detailed reporting and analytics to facilitate informed decision-making and operational efficiency.

“We are incredibly proud to be shortlisted for the EGR B2B Awards,” said Lidiia Vakulenko, COO at Atlaslive. “This nomination is a direct reflection of the hard work and dedication of the entire Atlaslive team and our unwavering commitment to delivering a best-in-class sportsbook platform. Being recognized by such a respected industry body as EGR is a significant achievement and motivates us to continue innovating and providing exceptional value to our clients.”

The EGR B2B Awards are widely regarded as the premier awards program for the online gaming industry, celebrating the best service providers and suppliers. Atlaslive’s shortlisting in the Sportsbook Platform Supplier category solidifies its position as a key player and innovator in the competitive online wagering market.

Atlaslive looks forward to attending the EGR B2B Awards ceremony and celebrating the achievements of the industry’s leading companies.

This document is provided to you for your information and discussion only. This document was based on public sources of information and was created by the Atlaslive team for marketing usage. It is not a solicitation or an offer to buy or sell any gambling-related product. Nothing in this document constitutes legal or business development advice. This document has been prepared from sources Atlaslive believes to be reliable, but we do not guarantee its accuracy or completeness and do not accept liability for any loss arising from its use. Atlaslive reserves the right to remedy any errors that may be present in this document.

About Atlaslive

Atlaslive, formerly known as Atlas-IAC, underwent a rebranding campaign in May 2024. It is a B2B software development company that specializes in creating a multifunctional and automated platform to optimize the workflow of sports betting and casino operators. Key components of the Atlaslive Platform include Sportsbook, Casino, Risk Management and Anti-Fraud Tools, CRM, Bonus Engine, Business Analytics, Payment Systems, and Retail Module. Follow the company on LinkedIn to stay updated with the latest news in iGaming technology.

The post Atlaslive Shortlisted for Prestigious EGR B2B Awards, Recognizing Excellence in Sportsbook Platform Innovation appeared first on European Gaming Industry News.

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Atlaslive Secures Spots in 2 Categories at the Renowned Baltic & Scandinavian Gaming Awards 2025

Published

15 hours ago

May 22, 2025

Adrienn Sarkany

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Reading Time: 2 minutes

Atlaslive is thrilled to announce its shortlisting for the highly prestigious Baltic & Scandinavian Gaming (BSG) Awards 2025, underscoring the company’s commitment to excellence and innovation in the gaming industry. Recognized for its transformative contributions to sports betting and online casino experiences, Atlaslive stands out across 2 competitive categories:

Best Sports Betting Provider in the Baltics 2025. As a frontrunner in delivering an unparalleled sports betting experience, Atlaslive has garnered a loyal user base through innovative technology and comprehensive market offerings.
Rising Star in Baltic Sports Betting Technology 2025. Atlaslive’s continuous investment in technology and customer satisfaction has propelled it to become a rising star in the sports betting landscape of the Baltics.

Atlaslive’s shortlisting in these competitive categories reflects the hard work, creativity, and passion of our team, as well as our ongoing commitment to pushing the boundaries of the gaming industry. “We are grateful for this recognition, which highlights our team’s dedication to providing outstanding gaming solutions and user experiences,” said Anastasiia Poltavets, CMO of Atlaslive. “Each shortlist placement represents not just our success, but also the trust and loyalty of our players.”

The company’s efforts in developing robust platforms backed by innovative technologies have redefined the standards for online gaming. Atlaslive continuously works to enhance its offerings, ensuring top-tier user experiences while adhering to the highest regulatory standards within the industry.

The BSG Awards ceremony in Vilnius will see Atlaslive join industry leaders and innovators to celebrate gaming achievements. This event offers a valuable opportunity for networking and discussing the future of gaming technology and customer engagement in the Baltic and Nordic markets.

About Atlaslive

The post Atlaslive Secures Spots in 2 Categories at the Renowned Baltic & Scandinavian Gaming Awards 2025 appeared first on European Gaming Industry News.

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RubyPlay Sponsors FTN Casino Operator of the Year at Ortak x B.F.T.H. Arena Awards 2025

Published

16 hours ago

May 22, 2025

Niji Narayan

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RubyPlay has officially joined the Ortak x B.F.T.H. Arena Awards 2025 as the sponsor of the FTN Casino Operator of the Year category. With a 10,000 FTN prize pool dedicated to celebrating outstanding performance, this sponsorship highlights RubyPlay’s ongoing commitment to innovation, strategic partnerships and excellence in iGaming.

From July 8 to 11, Yerevan, Armenia will become the epicentre of iGaming as Harmony Meetup 7 and the Ortak x B.F.T.H. Arena Awards kick off. This high-profile event brings together top-tier innovators and decision-makers, offering sponsors the chance to shine on a global stage, maximise exposure and forge powerful connections across the digital landscape.

With a 10,000 FTN prize pool backing the prestigious award, RubyPlay is helping spotlight the operators who are redefining success in iGaming.

The post RubyPlay Sponsors FTN Casino Operator of the Year at Ortak x B.F.T.H. Arena Awards 2025 appeared first on European Gaming Industry News.