Latest News
NeoGames Announces First Quarter 2021 Results
NeoGames S.A., a technology-driven provider of end-to-end iLottery solutions, announced financial results for the first quarter ended March 31, 2021.
Moti Malul, Chief Executive Officer of NeoGames, said: “We are pleased to kick off 2021 with a strong first quarter, posting Revenue and Adjusted EBITDA growth of approximately 114% and 148%, respectively. We continue to benefit from our recent launches in Alberta and Virginia, which added to the strong performance across the majority of our markets. Results also benefitted from the double jackpot run in the U.S., which continued into January.
“We believe the iLottery growth experienced over the past year has positioned us well for further success. We are seeing solid player retention rates, allowing us to build off of the momentum from the past year, as the major economies and countries where we operate re-open. These results further demonstrate the strength of our comprehensive offering across technology, games and services, which fuels our ability to drive consistent growth across all our accounts. We also remain confident and convinced of the untapped potential for the iLottery industry across the globe, and particularly in the U.S. where we are the market leader.”
First Quarter 2021 Financial Highlights
- Revenues were $13.3 million during the first quarter of 2021, compared to $9.1 million during the first quarter of 2020, representing an increase of 46.5% year-over-year. In addition, the Company’s share of NPI revenues was $8.2 million during the first quarter of 2021, compared to $1 million during the first quarter of 2020, representing an increase of 736.5% year-over-year. The total of revenues and the Company’s share of NPI’s revenues was $21.5 million during the first quarter of 2021 compared to $10.1 million during the first quarter of 2020, representing an increase of 113.9% year-over-year.
- Comprehensive income was $4.0 million, or $0.16 per share, during the first quarter of 2021, compared to loss of $0.9 million, or $0.04 per share, during the first quarter of 2020.
- Adjusted EBITDA was $9.7 million during the first quarter of 2021, compared to an Adjusted EBITDA of $3.9 million during the first quarter of 2020, representing an increase of 147.9% year-over-year.1
- Network NGR was $195.8 million during the first quarter of 2021, compared to $68.7 million during the first quarter of 2020, representing an increase of 184.8% year-over-year.1
First Quarter 2021 Business Highlights
- On February 22, 2021, the Company announced the launch of eInstant games with Austrian Lotteries. This expansion of NeoGames Studio brings a portfolio of successful, market-proven games onto the Austrian Lotteries online gaming site, enhancing the gaming experience with the objective of growing the number of players.
- In Virginia, the Company continues to observe higher and faster revenue growth rates, fueled by the conversions of players into eInstant games at an accelerated rate post the double jackpot.
- In Canada, after two full quarters of operations, revenues with our customer in Alberta have exceeded original expectations. Playalberta.ca, which is the only regulated iLottery and iGaming website in the province, continued to perform stronger than anticipated. During the quarter, the Company enhanced the website with the introduction of Live Dealer and is beginning to implement the draw-games vertical with an expanded range of games.
- A double jackpot run in the U.S. during January led to a significant influx of revenues and players. Those players continue to play on the Company’s platforms and games providing incremental revenue during the first quarter.
- Continued to roll out new game content, including an innovative Raffle game in Michigan during the first quarter, with plans to further implement across other customers.
Guidance
The Company is raising its fiscal year 2021 Revenue and Share in NPI Revenues Interest Guidance to between $73 million and $77 million compared to the prior range of between $65 million and $69 million.
Powered by WPeMatico
Latest News
Logifuture appoints Khoren Kalashyan to accelerate global rollout of flagship virtual products

Leading iGaming products supplier Logifuture has appointed Khoren Kalashyan as Senior Business Development manager to drive growth in regulated markets.
Kalashyan brings a wealth of experience from commercial and product leadership roles across some of the industry’s most ambitious companies.
He joins Logifuture after almost six years at FeedConstruct, where he held multiple positions, including Business Development Executive and Official Brand Ambassador, helping scale the company’s reach across Europe and Asia through strategic partnerships and commercial activations.
He also served as Head of Products at Sportify, where he was instrumental in launching tournaments such as the ITT Cup in Czech Republic and in Slovakia and the Badminton Infinity Cup, establishing Sportify as a competitive B2B content provider in underserved markets.
His tenure saw him align product innovation with operator needs, delivering high-margin, high-engagement formats.
Logifuture fuels the growth of some of the fastest-growing iGaming brands in emerging markets, including in Latin America, Eastern Europe and Africa, where it powers Bet9ja – Nigeria’s leading sportsbook.
At Logifuture, Kalashyan will focus on accelerating the global rollout of its flagship virtual sports products – Zoom Soccer and Simulate – which are redefining realism in virtual play through continuous 24/7 action and sophisticated RNG that mirrors real-world dynamics.
Kalashyan said: “Logifuture’s products are built lean, scale fast, and resonate with what modern players want.
“In this space, milliseconds matter and we’re engineering for that advantage.”
The post Logifuture appoints Khoren Kalashyan to accelerate global rollout of flagship virtual products appeared first on European Gaming Industry News.
$TRUMP meme coin
Hyperscale Data Subsidiary Bitnile.com Accepts $TRUMP Meme Coin in its Social Casino

Hyperscale Data Inc, a diversified holding company, announced that the $TRUMP meme coin is now an accepted payment method on Bitnile.com, the sweepstakes-based social-casino platform operated by Bitnile.com Inc, an indirectly wholly owned subsidiary of Hyperscale Data.
Players can now use $TRUMP to purchase coin packages used to enter a wide range of casino-style social games on Bitnile.com, including slots, poker, and blackjack. Bitnile.com now accepts both the $NILE coin and the $TRUMP coin as payment methods and plans to roll out additional cryptocurrencies over the coming months.
Joe Spaziano, Chief Executive Officer of Bitnile.com, said: “We are happy to provide players an additional onboarding option and will continue to work on accepting additional cryptocurrencies throughout 2025. Our goal is to provide players with multiple options to play on Bitnile.com. On or about July 1, 2025, we will also accept $PEPE, marking three meme coins as an accepted payment method on Bitnile.com, with more expected to come this year.”
The post Hyperscale Data Subsidiary Bitnile.com Accepts $TRUMP Meme Coin in its Social Casino appeared first on Gaming and Gambling Industry in the Americas.
Africa
Dr. Gloria Herndon Prepares Launch of Charitable Casino Platform in Kenya, with A License Secured

Dr. Gloria Herndon—international economist, philanthropist, and long-standing advocate for underserved communities—is preparing to launch a charitable casino platform in Kenya, where a license has already been secured. The platform will be operated by Top Deck Entertainment, where Dr. Herndon serves as Chairman of the Board, and developed in partnership with Humanitarian Gaming International (HGI)/Electronic Gaming Solutions, Inc. (EGS)
This initiative marks the beginning of a new model for regulated casino gaming in Africa—one built to generate real, measurable community impact. A dedicated portion of net gaming profits will go directly to charitable local organizations, supporting causes such as youth development, healthcare, education, and economic empowerment.
“This isn’t just a business venture—it’s a reinvestment mechanism,” said Dr. Herndon. “We’re building something that generates revenue and returns it to the communities that need it most.”
A Regulated Model Designed for Impact
While the charitable platform has not yet launched, all required licensing has been secured in Kenya. Once active, the platform will offer traditional casino gaming in a tightly regulated environment, designed with responsible gaming safeguards and operational transparency at its core.
A percentage of net profits will be directed to vetted local nonprofits. Humanitarian Gaming International (HGI)/ EGS will provide the content for the charitable platform, governance support, operational guidance, and oversight to ensure accountability and measurable results.
Profits Will Support These Key Areas:
- Youth Empowerment – Mentorship, after-school programs, and creative opportunities
- Scholarships & Education Grants – Tuition assistance and educational advancement
- Entrepreneurship Support – Seed funding and mentorship for local startups
- Women’s Economic Development – Business training and career support for women
- Community Health Access – Mobile clinics and basic health services
- Emergency Relief – Rapid-deployment funds for disasters and urgent needs
- Job Creation – Employment tied directly to casino operations and outreach
- Support for Orphans – Housing, education, and care for children without guardians
- Aid for Survivors of Sexual Violence – Trauma-informed care and legal advocacy
- Support for Elder Caregivers – Dignity-focused financial and wellness assistance
About Dr. Gloria Herndon
Dr. Gloria Herndon is a pioneering international economist and philanthropist with a six-decade career advancing equity, infrastructure, and economic development across Africa and beyond. She has led high-impact initiatives in finance, public health, and education, and currently serves as Chairman of the Board of Top Deck Entertainment. Her latest venture reflects her lifelong commitment to building systems that serve people first.
The post Dr. Gloria Herndon Prepares Launch of Charitable Casino Platform in Kenya, with A License Secured appeared first on European Gaming Industry News.
-
BETBY6 days ago
BETBY ACHIEVES GLI CERTIFICATION FOR PERU, EXPANDING ITS FOOTPRINT IN LATIN AMERICA’S REGULATED MARKETS
-
Asia6 days ago
Bloomberry Resorts Corporation Appoints Gregory Francis Hawkins as Director, President and COO
-
BETANO7 days ago
Betano Teams up with FIFA as Official Partner of the FIFA Club World Cup 2025™ for South America
-
AGCO5 days ago
AGCO: Casino Days Penalized $54,000 for Deceptive and High-Risk Bonus Offer
-
AGCO5 days ago
What’s next for online gambling in Canada?
-
Eberhard Dürrschmid CEO at Golden Whale5 days ago
Golden Whale to broaden horizons with Logrand partnership
-
Australia4 days ago
ACMA Blocks More llegal Online Gambling Websites
-
iGaming5 days ago
The LATAM Online Casino Market: Where Innovation Meets Localization