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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.”

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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.

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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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Peter & Sons Teams Up with Luckia in Spain and Mexico

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P&S’s legendary game portfolio is available now at luckia.es and luckia.mx

Innovative game studio Peter & Sons has finalized a pivotal new content partnership with Luckia, one of Spain’s leading entertainment and gaming groups. Luckia has now rolled out Peter & Sons weird and wonderful portfolio of slots titles to players in Spain and Mexico at luckia.es and luckia.mx, with additional markets on the horizon.

Games include smash hits like Barbarossa, Xibalba, Wild 1 and Voodoo Hex, as well as new titles like the post-apocalyptic fishing game ‘Muddy Waters’, the spookily off-kilter ‘Ghostfather – Awakened’ and ‘Boom Farm’, a game about agricultural explosions.

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The award-winning Barcelona-based studio has been wowing the industry with a succession of games boasting groundbreaking artwork, imaginative storytelling, whacky ideas and innovative gameplay – often laced with a healthy dose of signature dark humour.

Founded in the 1970s and headquartered in La Coruña, Luckia is a global gaming powerhouse. Luckia offers a strong digital platform in key regions including Spain, Portugal, Latin America, Croatia and Cameroon.

With over 2,500 employees, Luckia is renowned for its commitment to responsible gaming and player satisfaction.

Yann Bautista, Commercial Director and Founder at Peter & Sons said: “We’re thrilled to partner with such an established and forward-thinking group as Luckia. Their extensive reach, local expertise and shared values around quality and responsible gaming make this a perfect fit. We look forward to growing together across more regulated markets.”

Eloy Fernandez Head of Product at Luckia said: “Peter & Sons creates games like no one else in this industry and they will bring fresh energy and world-class creativity to our portfolio. We’re excited to introduce their games to our players and are confident this partnership will drive engagement and deliver a premium gaming experience to our players.”

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The post Peter & Sons Teams Up with Luckia in Spain and Mexico appeared first on European Gaming Industry News.

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Red Rake Gaming expands into New Jersey through Caesars partnership

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Red Rake Gaming, a leading developer of premium online casino content, is excited to announce its launch with Caesars Entertainment in the state of New Jersey, further expanding its presence in the regulated U.S. market.

Red Rake Gaming’s top-performing titles are now available across Caesars’ major online casino brands in New Jersey, including Caesars Sportsbook & Casino, Caesars Palace Online Casino, and Horseshoe Online Casino.

This partnership marks a major milestone in Red Rake Gaming’s U.S. expansion strategy, aligning with one of the most iconic and trusted brands in the global gaming industry.

Nick Barr, Managing Director for Red Rake Gaming Malta, commented: “We’re incredibly excited to partner with Caesars Entertainment for our New Jersey . Caesars’ strong brand recognition and extensive reach provide the perfect platform to showcase our diverse content.

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We are confident that our titles will deliver a thrilling experience for players in the Garden State.”

This collaboration highlights Red Rake Gaming’s commitment to providing innovative, compliant content tailored to regulated markets. U.S. players can enjoy a wide range of feature-rich slots, interactive bonus games, and immersive gameplay experiences.

The post Red Rake Gaming expands into New Jersey through Caesars partnership appeared first on Gaming and Gambling Industry in the Americas.

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1/ST and Goodwood Racecourse stage a new round of Group 1 pathways between the UK and North America

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A notable pair of Group 1 turf stakes at Goodwood Racecourse in England this week will earn the winners an automatic berth on the 2026 Pegasus World Cup Day program January 24 at Gulfstream Park.

The one-mile Visit Qatar Sussex Stakes for three-year-olds and up on Wednesday July 30 will serve as a qualifier for the $1 million Pegasus World Cup Turf Invitational (G1), while the 1 1/4-mile Visit Qatar Nassau Stakes for fillies and mares of three years and older on Thursday July 31 will also act as a qualifier for the $500,000 Pegasus Filly & Mare Turf Invitational (G2).

Held in late January on a card headlined by the $3 million Pegasus World Cup Invitational (G1) for older horses on dirt, the Pegasus Turf is contested over 1 1/8 miles, whereas the Pegasus Filly & Mare Turf is run at 1 1/16 miles.

Among the contenders for the Sussex is millionaire five-year-old Carl Spackler, winner of eight of 12 races in the U.S. including three Grade 1 stakes before being sold privately to China’s Yulong Investments to race overseas. Carl Spackler made his first two career starts at Gulfstream, the second a maiden triumph in February 2023. He was sixth in the June 17 Queen Anne Stakes (G1) in his European debut. He now takes on the best of the British and Irish in a clash of the generations, headed by leading three-year-old miler, Field Of Gold, and last year’s Irish Guineas (G1) victor, Rosallion.

The Nassau has also drawn a competitive field, spearheaded by Aidan O’Brien’s Whirl, winner of the recent Pretty Polly Stakes (G1), and See The Fire, third in a white-hot Prince of Wales’s Stakes (G1) at Royal Ascot.

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European-based horses have made their mark in the Pegasus Turf since its debut in 2019. Magic Wand ran second in both 2019 and 2020 before Warm Heart captured the 2024 edition in a track-record time of 1:44.45 in the finale of her esteemed career. Both Irish-bred mares were trained by the aforementioned O’Brien.

This partnership creates an easily accessible pathway for horses to compete both in North America and the United Kingdom, and helps to encourage top-tier racehorses to travel and increase international participation at both fixtures – while also bolstering elite fields for global audiences and deeper fan engagement.

Aidan Butler, President of 1/ST, said:
 Thanks again to our friends at Goodwood Racecourse, with our ongoing partnership now in its second year. We look forward to welcoming the victors of the Sussex Stakes and Nassau Stakes back to Gulfstream Park in late January 2026 for one of the most lucrative racedays on the East Coast.

“These reciprocal pathways mark the latest strides in 1/ST’s bid to broaden the appeal and international participation in the world’s major races. We’ve already seen such incentives reap immediate rewards when Crimson Advocate won at Royal Ascot in 2023, having punched her automatic spot via our Royal Palm juvenile series at Gulfstream Park. Now, Miami can hopefully work its magic again with the Qatar Goodwood Festival! I look forward to seeing the stellar action unfold in person on the South Downs this week.”

Wednesday, July 30: Qatar Sussex Stakes – Pegasus World Cup Turf
Race 4: 10:05 (ET); 15:05 (BST)
The winner of the Visit Qatar Sussex Stakes (G1) receives an automatic invitation into the Pegasus World Cup Turf (G1) on January 24, 2026, at Gulfstream Park plus a $25,000 travel allowance and VIP hospitality for the winning connections.

Thursday, July 31: Qatar Nassau Stakes – Pegasus World Cup Filly $ Mare Turf
Race 4: 10:05 am (ET); 
15:05 (BST)
Winner of the Visit Qatar Nassau Stakes (G1) receives an automatic invitation to the Pegasus World Cup F/M Turf (G2) on January 24, 2026, at Gulfstream Park plus a $25,000 travel allowance and VIP hospitality for the winning connections.

The post 1/ST and Goodwood Racecourse stage a new round of Group 1 pathways between the UK and North America appeared first on Gaming and Gambling Industry in the Americas.

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