NeoGames

Cross-platform iLottery Solutions

Media & Entertainment Technologies
Acquired by Aristocrat on May, 2023
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Company Overview

Snapshot

Founded in January 2005, NeoGames operates with 201–500 employees. The company raised a total of $224 million across two funding rounds. NeoGames was acquired by Aristocrat in May 2023.

Business overview

NeoGames is a software and service provider specializing in iLottery solutions. The company offers a robust and secure platform that supports the entire iLottery operation, including a diverse portfolio of cross-platform games and a comprehensive back-office system. NeoGames also provides a full suite of player operational services, encompassing 24/7 support, CRM, payment solutions, compliance, security, and marketing. It serves the global media and entertainment technologies sector, focusing on managing soft-gaming players for lottery customers.

Strategic signal

In May 2023, NeoGames was acquired by Aristocrat in a significant transaction. This acquisition signals a strategic consolidation within the iGaming and iLottery sectors, indicating Aristocrat's intent to expand its global footprint and enhance its offerings in these growing markets. For investors, this highlights the increasing value and strategic importance of specialized technology providers in the digital entertainment landscape.

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Company Intelligence Q&A

What was a significant corporate milestone for NeoGames in 2023?
In May 2023, NeoGames was acquired by Aristocrat in a deal valued at $1.2 billion, marking a major exit for the company.
What was NeoGames' last public offering?
In September 2021, NeoGames announced the closing of an underwritten public offering of ordinary shares, with the underwriters fully exercising their option to purchase additional shares.
When did NeoGames complete its tender offer for Aspire Global?
In June 2022, NeoGames completed the tender offer for Aspire Global, aiming to create a leading global provider in technology and content across iLottery, online sports betting, and iGaming.
What was NeoGames' initial public offering in 2020?
In November 2020, NeoGames announced the pricing of its initial public offering, raising $81.7 million.
Did NeoGames engage in any strategic partnerships in 2018?
In October 2018, NeoGames entered into a deal with William Hill in the US market, focusing on iGaming.
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