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NeoGames Announces Third Quarter 2021 Results

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 NeoGames S.A., a technology-driven provider of end-to-end iLottery solutions, announced today financial results for the third quarter ended September 30, 2021.

Moti Malul, Chief Executive Officer of NeoGames, said: “We continue to position ourselves well for the long-term, investing in our technology solutions and our operational capabilities and executing on our business plan as a global leader of iLottery solutions for national and state-regulated lotteries. This quarter, we have seen growth in several of our accounts with Virginia and North Carolina in the US continuing their good performance, while in Europe Sazka’s online penetration has ramped up to represent a significant percentage of their total GGR. Subsequent to quarter end, our Games Studio continued its expansion with the launch of our suite of premium eInstant games with Lottomatica in Italy. We also continue to invest in PlayAlberta, as we launched draw games late in the second quarter, and launched sports betting in August. On the state authorization front, momentum has progressed in the U.S., with Connecticut and West Virginia in various stages of public procurement processes, which we see as a positive step towards further market expansion. All of these highlights reflect our ability to capitalize on our expanding market opportunity and cement NeoGames as the leader in the industry.”

Third Quarter 2021 Financial Highlights

  • Revenues were $11.9 million during the third quarter of 2021, compared to $13.1 million during the third quarter of 2020. In addition, the Company’s share of NPI revenues was $8.3 million during the third quarter of 2021, compared to $2.5 million during the third quarter of 2020, representing an increase of 233.2% year-over-year. The total of revenues and the Company’s share of NPI’s revenues was $20.2 million during the third quarter of 2021 compared to $15.6 million during the third quarter of 2020, representing an increase of 29.7% year-over-year.
  • Comprehensive income was $1.5 million, or $0.06 per share, during the third quarter of 2021, compared to comprehensive income of $2.5 million, or $0.11 per share, during the third quarter of 2020, .
  • Adjusted EBITDA1 was $7.5 million during the third quarter of 2021, compared to an Adjusted EBITDA of $7.8 million during the third quarter of 2020 representing a decrease of 3.8% year-over-year.
  • Network Net Gaming Revenue (“NGR”)2 was $179 million during the third quarter of 2021, compared to $126 million during the third quarter of 2020, representing an increase of 42.1% year-over-year.

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1 Adjusted figures represent non-IFRS information. See “Non-IFRS Financial Measures and Key Performance indicators” and the tables at the end of this release for an explanation of the adjustments and reconciliations to the comparable IFRS numbers.
2 Non-GAAP Financial Measures and Key Performance indicators” for additional information about this key operating metric.

Third Quarter 2021 Business Highlights

  • Rolled out progressive jackpot instant content with three customers representing an innovative development for iLottery players across our platform.
  • VirginiaiLottery program continued its growth performance, with significant growth each quarter it has been live since launch in the third quarter of 2020.
  • Launched online sport betting in Alberta, which follows the recent launches of Live Dealer and draw-based games in previous quarters.
  • Went live with Ceasars Entertainment in Arizona as part of their Liberty platform, which is now live in 10 states with an online sport betting and/or iGaming offering.
  • Subsequent to the quarter end, launched the Company’s suite of premium eInstant games with Lottomatica, further expanding NeoGames’ footprint in the Italian lottery market.
  • Completed an underwritten public offering of ordinary shares including full exercise of the underwriters’ option to purchase additional ordinary shares.

Guidance

The Company is raising its fiscal year 2021 Revenue and Share in NPI Revenues Interest Guidance to between $82.5 million and $84.5 million, compared to the prior range of between $75 million and $79 million, representing a 41% increase year-over-year on the midpoint.

Conference Call & Webcast Details

NeoGames will host a live conference call and audio webcast on Thursday, November 11, 2021 at 8:30 a.m. Eastern Time, during which management will discuss the Company’s third 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 6643079.

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 for a period of 30 days.

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Base Apostas

IBJR supports the Brazilian Federal Police’s “Base Apostas” initiative in the fight against fraud

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The Federal Government officially launched this week (May 12) the Investigation Group for the Repression of Sports Results Manipulation, Betting Fraud, and Related Crimes, named “Base Apostas.

The new Federal Police structure was created with the mission of protecting the integrity of Brazilian sports and dismantling criminal networks operating within the illegal betting market, a move that immediately received support from the Brazilian Institute of Responsible Gaming (IBJR).

Intelligence and disruption of criminal finances

Base Apostas will not only operate on the front line of criminal investigations but will also focus heavily on financial intelligence and asset recovery.

Its central objective is to financially dismantle transnational organizations that use match-fixing schemes for money laundering and illegal capital transfers.

The structure will use advanced digital platform monitoring techniques and data analysis, relying on professionals specialized in financial crimes and the complex fixed-odds betting ecosystem.

According to Giovanni Rocco, National Secretary for Sports Betting, the initiative is vital for public trust:

“Protecting sports results means protecting athletes, fans, and the sustainable development of sports.”

IBJR: the regulated market as an ally

IBJR’s support for the initiative reinforces a clear narrative: the regulated market is the main ally in the fight against crime.

Licensed operators already invest in international monitoring systems and advanced technologies, such as facial recognition, to ensure compliance and report suspicious patterns to organizations like the International Betting Integrity Association (IBIA).

The biggest challenge, however, remains the illegal market. According to data highlighted by IBJR:

– Market volume: The illegal sector moves approximately R$40 billion annually.

-Public losses: Brazil is estimated to lose R$10.8 billion per year in unpaid taxes.

-Consumer risks: Unauthorized platforms do not offer payment guarantees or data protection and are often used as fronts for criminal organizations.

International cooperation and national policy

The creation of Base Apostas is a direct result of the National Policy for the Prevention and Combat of Sports Results Manipulation (PNPEMR), established in April.

The initiative involves unprecedented coordination between the Ministries of Sports, Justice, and Finance, alongside the Federal Police.

Given the transnational nature of match-fixing operations, the new Federal Police unit will prioritize international law enforcement cooperation.

The strategy is clear: to create an environment where technical compliance is the only path to operating in the country, isolating illegal networks and strengthening legal certainty for operators that chose regulation.

The post IBJR supports the Brazilian Federal Police’s “Base Apostas” initiative in the fight against fraud appeared first on Americas iGaming & Sports Betting News.

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Betnacional

Flutter Brazil marks one year of operations with expansion and Responsible Gaming focus

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Owner of the Betnacional and Betfair Brazil brands, the company celebrates its anniversary prioritizing consumer safety and the sustainability of Brazil’s regulated market.

Flutter Brazil celebrates its first year of operations in the country this Thursday, May 14.

During this period, the company has not only entered the Brazilian market but has also established itself as one of the leading references in the country’s newly regulated betting landscape.

The company doubled its workforce across Brazil, with operational bases in Recife (PE), São Paulo (SP), and Marechal Rondon (PR).

The company combines Flutter Entertainment’s global technological expertise with the strong local identity of its brands.

Betnacional has strengthened its position as a brand that understands the passion of Brazilian football fans, while Betfair Brazil continues to deliver advanced pricing and security technology for sports betting enthusiasts.

“As we complete our first year in Brazil, we reaffirm our long-term commitment to the country.

We have invested in building a solid and responsible operation aligned with global best practices at a key moment for the consolidation of the regulated market.

We believe in Brazil’s potential and in the role we can play in the sustainable development of the sector,” said Flutter Brazil CEO Eduardo Monte.

In addition to operational expansion, the company strengthened its brand presence throughout the past year through advertising campaigns, sports sponsorships, and strategic partnerships.

Betnacional maintains sponsorship agreements with Brazilian football clubs such as Athletic, Cruzeiro, and Sport — with the latter two also including support for women’s teams.

The brand also relies on ambassadors such as Vini Jr. and Galvão Bueno to amplify its key messages and connect directly with Brazilian audiences.

Creators such as Bárbara Coelho, André Balada, and Igor Rodrigues complement the strategy, reflecting the way Brazilians consume football, entertainment, and sports discussions while representing cultural diversity and regional identities.

Betnacional’s activities also include presence in sports broadcasts through partnerships with Globo and CazéTV, as well as sponsorship of sporting events such as the Rio Open and Copa Maria Bonita, in addition to entertainment events like Lollapalooza and Carnival celebrations.

Regarding Betfair Brazil, the brand’s positioning is reinforced by a team of specialists including Mauro Beting, Rômulo Mendonça, and Cacá Bueno, strengthening connections with a more analytical sports betting audience.

Responsible Gaming at the core of the strategy

Alongside commercial growth, Flutter Brazil has consolidated Responsible Gaming as one of the central pillars of its operation.

Since last month, the company has been running a campaign featuring Vini Jr. as “Vini Senior,” addressing the topic in a more accessible and relatable way through humor while maintaining the seriousness of the subject.

Through Betnacional and Betfair, the company offers user protection tools required under Brazil’s regulated framework, including deposit limits, usage time controls, temporary breaks, and self-exclusion mechanisms.

The operation also adopts strict identity verification processes to prevent underage access and enhance protection for vulnerable audiences.

“We see regulation as an important step toward the maturity of the sector in Brazil. Compliance with tax and regulatory requirements is part of our long-term vision and our commitment to transparency, governance, and consumer protection.

We have the structure, technology, and scale to continue growing sustainably, strengthening our brands, and contributing to the responsible development of the industry,” Eduardo Monte added.

Heading into its second year of operations in the country, Flutter Brazil will continue investing in innovation and partnerships that strengthen Brazilian sports, always under strict Responsible Gaming standards.

The company remains committed to investing in talent and technology, consolidating its operation as a hub of excellence and compliance in Brazil.

The post Flutter Brazil marks one year of operations with expansion and Responsible Gaming focus appeared first on Americas iGaming & Sports Betting News.

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Amusnet

Weekend Reels | Week 20: Slot Drops & Trends

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Here are this weeks latest slots releases compiled by Eastern European Gaming

Caleta Gaming has launched Cluster Cup, a new high-volatility slot inspired by football and pitched around major June sporting events. The title is now available to operators worldwide, the supplier said. Cluster Cup uses a 7×7 cluster grid and a Tumbler Feature, where winning symbols disappear and cascade with new ones until no further wins are formed.

Caleta Gaming launches Cluster Cup

PG Soft has launched Reel Royale Showdown, a wrestling-inspired video slot built for mobile play. The company says the title is set in a wrestling arena and uses a 6-reel layout. Reel Royale Showdown includes a Wild Addition mechanic and an escalating multiplier that increases with each win.

PG Soft has launched Reel Royale Showdown, a wrestling-themed slot featuring Wild Addition in the base game and escalating multipliers in Free Spins

Amusnet has released Vizier of the North x1000, a captivating 6-reel video slot that immerses players in a world of ancient secrets, mystical kingdoms and extraordinary rewards. Designed to deliver both depth and excitement, Vizier of the North x1000 combines rich storytelling with advanced gameplay features.

Amusnet Releases its Latest Video Slot “Vizier of the North x1000”

Spinomenal has released the Desperado Drifter Hold & Hit 3×3, the latest addition to its Hold & Hit portfolio. The Western-themed slot uses a 3×3 bonus grid and features a Wild symbol (a bag of gems) that substitutes for all symbols except Bonus and Bonus Collect. Bonus coins land on reels one and three, while the Bonus Collect coin lands on reel two.

Habanero has launched Steampunk Plinko, a new 5×4 slot that blends traditional slot play with a Plinko-style ball-drop feature. The supplier positions the release as a hybrid format, built around a steampunk theme. The Plinko Feature triggers when players land three scatter symbols.

Reflex Gaming is making waves once again with the launch of Big Game Fishing Rapid Riches, the latest release in its hugely popular Big Game Fishing franchise. Powered by Yggdrasil, Big Game Fishing Rapid Riches is not just another fishing game. It takes a proven player-favourite brand and supercharges it with faster action, stronger feature depth and a heightened sense of chase from the very first spin.

Swintt has launched Fresh Fruits Deluxe Diamonds, a new fruit-themed slot in its SwinttPremium lineup, featuring a five-reel setup with 50 paylines and a coin-driven bonus mechanic. The title combines classic slot symbols including BARs, crowns and red sevens with a coin feature that triggers when six or more coin symbols land during the base game.

Playson has released a new slot title, 3 Supercharged Diamonds: Hold and Win, expanding its Hold and Win catalogue with three Diamond-driven bonus features and four jackpot prizes up to 1,000x. The game’s Hold and Win Bonus Game uses a “3 Pots” mechanic, triggered when green, yellow or violet Diamond symbols land alongside their respective Diamonds positioned above the reels.

Tom Horn Gaming will launch Giza’s Portals, a new online slot, on 19 May. The game will roll out across the supplier’s global partner network. Giza’s Portals runs on a 4×5 grid with 25 paylines and is positioned as a medium-volatility title. Tom Horn Gaming lists an RTP of 95.01% and a maximum win of up to x3,898.

The post Weekend Reels | Week 20: Slot Drops & Trends appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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