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NeoGames Announces Second Quarter 2021 Results

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NeoGames S.A., a technology-driven provider of end-to-end iLottery solutions, announced it’s financial results for the second quarter ended June 30, 2021.

Moti Malul, Chief Executive Officer of NeoGames, said: “We are increasingly encouraged by the performance and development of the various markets and customers we support, notwithstanding expected seasonal impacts during the quarter. In particular, this quarter has seen continued strong growth in Alberta, where new gaming verticals were added, as well as further expansion of our games content into new markets and customers with contracts in Ukraine and Italy, which prove the market leading position of our offering.”

“Our substantial growth and strong performance over the past year gives us confidence that we are well positioned to maintain our position as the premier innovator and provider of iLottery solutions to the global lottery industry. As we continue to prove the effectiveness of our offering in engaging and maintaining players as well as enabling state and local governments to generate more revenue they can deploy for public benefit. We are proud and honored that our achievements are recognized by the industry, demonstrated by our recent win of the EGR B2B Awards as the Best Lottery Supplier for 2021. We are confident that we will continue to be the first choice for both full-service offerings and content relationships as additional jurisdictions see the value iLottery can offer.”

Second Quarter 2021 Financial Highlights

  • Revenues were $12.9 million during the second quarter of 2021, compared to $13.0 million during the second quarter of 2020, representing a decrease of 0.6% year-over-year. In addition, the Company’s share of NPI revenues was $8.5 million during the second quarter of 2021, compared to $1.6 million during the second quarter of 2020, representing an increase of 434% year-over-year. The total of revenues and the Company’s share of NPI’s revenues was $21.4 million during the second quarter of 2021 compared to $14.6 million during the second quarter of 2020, representing an increase of 47.0% year-over-year.
  • Comprehensive income was $2.8 million, or $0.11 per share, during the second quarter of 2021, compared to comprehensive income of $2.4 million, or $0.11 per share, during the second quarter of 2020.
  • Adjusted EBITDA was $8.3 million during the second quarter of 2021, compared to an Adjusted EBITDA of $7.8 million during the second quarter of 2020, representing an increase of 6.6% year-over-year.1
  • Network NGR was $187 million during the second quarter of 2021, compared to $112 million during the second quarter of 2020, representing an increase of 67.2% year-over-year.1

__________________
1 Adjusted figures represent non-IFRS information. See “Non-IFRS Financial Measures” and the tables at the end of this release for an explanation of the adjustments and reconciliations to the comparable IFRS numbers.

Second Quarter 2021 Business Highlights

  • Performance in Alberta has continued to exceed expectations during the province’s third live quarter. A successful launch of draw games and growth in existing and new players continue to drive the customer.
  • Signed contract with Lottomatica in Italy to provide its successful eInstant games portfolio.
  • Subsequent to quarter-end, signed contract to enter the Ukrainian market through a deal with Ukrainian National Lottery UNL, illustrating the international appeal of our content.
  • Chosen as the 2021 EGR B2B Award winner for Best Lottery Supplier.
  • Appointed Christopher G. Shaban, a senior lottery industry professional, as EVP Sales, Marketing and Customer Development.
  • Subsequent to quarter end, launched Multi-Game progressive jackpot for eInstants.

Guidance

The Company is raising its fiscal year 2021 Revenue and Share in NPI Revenues Interest Guidance to between $75 million and $79 million, compared to the prior range of between $73 million and $77 million.

Conference Call & Webcast Details

NeoGames will host a live conference call and audio webcast on Thursday, August 12, 2021 at 8:30 a.m. Eastern Time, during which management will discuss the Company’s second 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 8593557.

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.

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Games Global and Just For The Win® continue the ghostly adventure in Dark Waters III Power Combo: The Cursed Voyage™

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Games Global, in collaboration with studio partner Just For The Win, has launched Dark Waters III Power Combo: The Cursed Voyage™, the latest entry in its established pirate-themed slot franchise.

The release builds on the success of previous titles in the Dark Waters™ series, introducing new mechanics and enhanced progression systems designed to increase player engagement. As competition intensifies in the online slots market, sequels that evolve proven formulas are becoming a key strategy for suppliers looking to retain player interest.

Set within a supernatural seafaring world, the game features a 6×4 grid with 4,096 ways to win. A central addition is the Sail into Riches progression meter, which guides players through a six-stage journey, unlocking feature upgrades and gameplay enhancements as they advance. This progression-based approach reflects a broader trend in slot development, where layered mechanics are used to extend session time and improve retention.

At the core of the gameplay is the Cash Collect feature, allowing Money Symbols ranging from 5x to 5,000x to land across the reels. Wins are triggered when a Collect symbol appears, creating the potential for high-value payouts.

The game also incorporates a Free Spins mode activated by Bonus Tokens, showcasing the signature Power Combo™ mechanic. This includes features such as Giant Reels, Stack Collect, and Golden Reels, which can combine and upgrade across four levels. At maximum progression, the reel layout expands to a 6×8 grid, offering up to 262,144 ways to win and significantly increasing payout potential.

Additional gameplay depth is introduced through the Diamond Menu, which offers features like Bonus Hunt, Coin Burst, Crew’s Choice, and Captain’s Choice—each providing alternative paths to access or enhance bonus functionality.

Commenting on the release, Edward Eklund, Account Manager at Just For The Win® Studios, said:

“With Dark Waters III Power Combo: The Cursed Voyage™, we wanted to build a sense of progression that players can really feel, where every spin contributes to something bigger.

“Combining that journey with the flexibility of the Power Combo™ mechanic allowed us to create a game that constantly evolves and keeps players engaged.”

David Reynolds, Director of Games Strategy and Partner Management at Games Global, added:

“This latest instalment shows how Just For The Win® continues to refine and elevate a proven concept, building on the strong success of the Dark Waters™ series so far.

“Dark Waters III Power Combo: The Cursed Voyage™ stands out for the way it keeps gameplay fresh while staying instantly accessible. It is a fantastic addition that strengthens what has already been a hugely popular trilogy.”

The release aligns with broader industry trends highlighted by organisations such as the Malta Gaming Authority, where innovation in mechanics and responsible engagement remain central to market growth.

For more on slot development trends, see Europa Gaming’s coverage on Slot Mechanics Evolution and iGaming Game Design Trends.

As suppliers continue to refine successful franchises, releases like Dark Waters III demonstrate how iterative innovation—rather than entirely new concepts—can play a key role in sustaining long-term player engagement in the iGaming sector.

The post Games Global and Just For The Win® continue the ghostly adventure in Dark Waters III Power Combo: The Cursed Voyage™ appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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Amusnet

Amusnet Becomes Official Sponsor of EXPOJOC 2026

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Amusnet has become the Official Sponsor of EXPOJOC 2026, taking place on March 25 at the Santiago Grisolía Auditorium within Valencia’s iconic Príncipe Felipe Science Museum.

Organised annually by Sector del Juego magazine, EXPOJOC is an international expo and congress that, since its first edition in 2013, has brought together Spain’s leading gaming companies and a wide audience of industry professionals. The event serves as a key meeting point for companies in the gaming sector, showcasing the latest products and providing a platform to debate and discuss trends and opportunities.

This collaboration comes at a pivotal moment as the company celebrates its 10th anniversary. This milestone marks ten years of consistent progress and a future-focused strategy centred on sustainable expansion. It honours the provider’s technological achievements, the vital partnerships and the dedicated people who have shaped Amusnet’s journey to become a global industry player.

“Sponsoring EXPOJOC during our 10th anniversary underscores our long-term commitment to the Spanish market. As proud collaborators with Sector del Juego, we believe in winning together – this event is a strategic platform to share insights, strengthen connections, and drive the next phase of growth in the region,” said Edwin Cruz, Managing Director at Amusnet Spain.

“Amusnet is synonymous with evolution in the gaming industry. Having their support represents a major step toward ensuring this edition of EXPOJOC is a resounding success,” said J. Ignacio Ferrer, Founder and Director of EXPOJOC.

By supporting EXPOJOC 2026, Amusnet reaffirms its commitment to the Spanish market and its leadership within the global community. As the brand celebrates a decade of innovation, this alliance highlights its readiness to shape the future of both Online and Land-based gaming.

The post Amusnet Becomes Official Sponsor of EXPOJOC 2026 appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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Alberta

Media Troopers Prepares for Alberta iGaming Launch with Canadian Gaming Law Firm

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Media Troopers is positioning itself for entry into Alberta’s soon-to-launch regulated online gambling market through a strategic partnership with Canadian law firm Segev LLP.

The collaboration will see the affiliate marketing and customer acquisition specialist work closely with legal experts Ron Segev and Alon Segev to navigate the province’s evolving regulatory framework. The firm will advise on compliance, licensing readiness, and market entry strategy as Alberta finalises its iGaming model.

Alberta is set to become only the second Canadian province to regulate commercial online gambling, following the launch of Ontario’s market in 2022. The province took a major step forward with the passage of the iGaming Alberta Bill, which establishes a legal framework for private operators and introduces the Alberta iGaming Corporation to oversee the sector.

This regulatory shift is expected to open significant opportunities for operators and service providers alike, particularly as Canada’s iGaming landscape continues to expand. Industry observers often point to Ontario’s rollout as a benchmark, with oversight from bodies such as the Alcohol and Gaming Commission of Ontario, which has helped shape standards around licensing, compliance, and player protection.

As part of its expansion strategy, Media Troopers aims to support licensed operators entering Alberta with localized marketing solutions, including affiliate partnerships and compliance-led acquisition strategies tailored to the province’s regulatory requirements.

Commenting on the development, Shmulik Segal, CEO of Media Troopers, said:

“Alberta represents one of the most exciting emerging regulated markets in North America.

“Working with Ron Segev and the team at Segev LLP ensures that our expansion into the province will be aligned with the evolving regulatory framework and positioned for long-term success.”

Segal added:

“Canada’s iGaming market continues to evolve rapidly. Our goal is to be fully prepared to support operators entering Alberta from day one.”

The move highlights a broader trend in North America, where affiliate and marketing firms are increasingly aligning with legal and regulatory specialists ahead of market openings. This approach not only reduces compliance risk but also allows companies to establish early positioning in newly regulated jurisdictions.

For more on Canada’s evolving iGaming landscape, see Europa Gaming’s coverage of Ontario iGaming Market Launch and North America Gambling Regulation.

With Alberta’s framework nearing completion, early movers like Media Troopers are aiming to replicate the success seen in Ontario—where strong compliance foundations and localised strategies have proven critical to long-term growth.

The post Media Troopers Prepares for Alberta iGaming Launch with Canadian Gaming Law Firm appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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