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NeoGames Announces Second Quarter 2021 Results
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
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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.
Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro H. Tengco on Monday, September 8, pushed for stricter regulations for online gaming instead of an outright ban, saying that prohibition would only encourage illegal operations and deprive the government of needed revenues.
Speaking before industry stakeholders at the Light & Wonder iGaming Symposium at Newport World Resorts in Pasay City, Mr. Tengco said reforms implemented by PAGCOR — including reductions in license fee rates — has spurred robust growth in the electronic gaming sector.
From Php58.16 billion in 2023, gross gaming revenues (GGR) from Electronic Games climbed to Php154.51 billion in 2024 which accounted for nearly half of the industry’s Php372.33 billion GGR.
In the first half of 2025 alone, the sector contributed Php114.83 billion, surpassing revenues from land-based operations and boosting PAGCOR’s total revenues to Php59 billion.
“The iGaming story in the Philippines is no longer just about growth; it’s about how we grow — safely, fairly, and sustainably,” Mr. Tengco said. “We support stricter regulations to protect our people, but we are against a total ban which will only drive players to illegal operators and result in loss of revenues and jobs.”
Mr. Tengco also emphasized PAGCOR’s ongoing reforms, including the separation of regulatory and operational functions, stronger responsible gaming safeguards, stricter advertising standards, the upcoming launch of a 24/7 helpline, and the adoption of digital tools such as the PAGCOR Guarantee portal and AI-driven monitoring systems.
He also called on industry players to practice “compliance by design” in their operations, strictly follow anti-money laundering regulations, strengthen their KYC (Know Your Customer) guidelines, and fully support PAGCOR’s Responsible Gaming initiatives.
“With responsible growth, compliance, and transparency, the Philippines can develop a safer, stronger, and globally competitive iGaming industry,” he added.
Mr. Tengco also expressed gratitude to Light & Wonder for organizing the event, highlighting its role as a key partner in strengthening the country’s gaming sector.
Light & Wonder, a global leader in cross-platform gaming, provides content, systems, and solutions for casino, online, and social gaming operators worldwide. Its innovations have supported PAGCOR in broadening product offerings and keeping the Philippine gaming industry competitive in the rapidly evolving iGaming market.
The post PAGCOR chief pushes for stricter regulation, not online gaming ban appeared first on European Gaming Industry News.
A mother in Knivsta, Sweden, could hardly believe her eyes when she recently played the slot game Reel King Riches Jackpot King on LeoVegas. With a bet of just SEK 10, she quickly entered a bonus round, where the screen lit up with the words “Jackpot King” and the amount SEK 41,509,344, equivalent to approximately EUR 3,775,603 or GBP 3,275,917. She now plans to pay off her mortgage and invest for the future.
The winner, who wishes to remain anonymous, usually plays a variety of games, with her favorite being the classic Book of Dead. But on this particular day, she decided to try her luck on Reel King Riches Jackpot King from Blueprint Gaming—a decision she will never forget. After selecting a SEK 10 bet and pressing the spin button, the game swiftly triggered a bonus round. Moments later, it was clear: she had hit the top prize, Jackpot King, worth a total of SEK 41,509,344 (EUR 3,775,603/GBP 3,275,917).
“It’s completely unreal! I thought, this can’t happen to me. When the words Jackpot King appeared and the numbers started rolling, I couldn’t believe it was true—I was in shock. Is this really happening? I told my partner right away, and he didn’t believe it either. But it was real! Now I’ll be investing for the future and paying off the mortgage!” says the winner of the jackpot worth over SEK 41 million.
“This is one of the biggest jackpots ever at LeoVegas, and we are incredibly proud to bring this kind of excitement to players in Sweden. I would like to congratulate her once again on the win and wish her the very best with her future investments!” says Mattias Wedar, CEO of LeoVegas Group.
LeoVegas Group offers an ever-growing jackpot, which now stands at over SEK 388 million, across its online casinos LeoVegas, expekt, and BetMGM. All of the Group’s brands, including GoGoCasino, feature games from the Reel King series, with Reel King Riches Jackpot King available on several of them.
The post Swedish mom bet SEK 10 and won a jackpot of over SEK 41 million appeared first on European Gaming Industry News.
- Team Vitality is proud to welcome ExpressVPN as an official partner. This collaboration brings together one of the leading digital privacy services with one of the most successful international esports clubs, aligning seamlessly with the needs of gamers, streamers, and esports fans across more than 180 countries.
- Already active in the gaming ecosystem, ExpressVPN will provide tangible benefits to Team Vitality’s community of fans, staff, and players, optimizing and securing their digital experience.
- By joining forces with a world-renowned digital privacy partner such as ExpressVPN, Team Vitality reaffirms its position as a leader in the global esports industry. Together, the two brands share a mission: to raise awareness around the importance of digital security while giving users greater control over their online experience.
Team Vitality is delighted to welcome ExpressVPN to its family of official partners. Designed to meet the needs of gamers, ExpressVPN’s technology is a natural fit for the esports community. For Team Vitality, this collaboration reflects shared values of performance and innovation, while placing digital privacy and security at the heart of joint initiatives aimed at a new generation of players and fans.
ExpressVPN has also recently partnered with the League of Legends EMEA Championship (LEC) 2025 and Premier League club Tottenham Hotspur. This new agreement with Team Vitality marks another step in ExpressVPN’s commitment to esports and its international growth.
AN EXCLUSIVE LAUNCH FOR THE TEAM VITALITY COMMUNITY!
The one-year partnership will span Team Vitality’s main competitive titles in Europe. Throughout the season, ExpressVPN and Team Vitality will deliver unique activations tailored to the esports community and Vitality fans worldwide.
Starting today, supporters of the club can enjoy a 14-day free trial of ExpressVPN through a dedicated platform, via this link expressvpn.com/vitality.
A VPN is a vital tool for gamers to have in their digital toolbox, offering:
- Protection against DDoS attacks and ISP throttling
- More stable connections and reduced ping during competitions
- Lag free access to your favourite gaming streamers
- Enhanced security on public Wi-Fi networks
This partnership reflects ExpressVPN’s commitment to delivering a fast, secure, and transparent digital experience for all. By taking advantage of an ExpressVPN subscription, players and fans alike can safeguard their online privacy across multiple devices simultaneously, while tapping into a worldwide network of servers. Its proprietary Lightway protocol is engineered for speed and efficiency, offering strong protection against DDoS attacks and ISP throttling. This means gamers can maintain a secure, high-performance connection that keeps them competitive during play. Additional activations will be rolled out across the year to provide practical, meaningful solutions for the esports community.
DRIVING BETTER DIGITAL EXPERIENCES FOR ESPORTS FANS
In a world where gamers and fans live increasingly online, ExpressVPN and Team Vitality aim to continue to empower online users by raising awareness of the importance of cybersecurity and supporting the gaming community to take greater control over their digital lives.
This partnership also underscores Team Vitality’s ability to attract leading global brands through strategic marketing initiatives. Together with ExpressVPN, the focus will be on delivering innovative, high-value solutions to an engaged international community. Leveraging Team Vitality’s advanced expertise in brand marketing, the two organizations will launch impactful campaigns throughout the year.
“We are thrilled to welcome ExpressVPN as one of our official partners. As Team Vitality strengthens its position as a leader in global esports, working with a recognized digital security brand like ExpressVPN perfectly aligns with our mission to serve our international community. Together, we want to drive performance and deliver the best possible digital experience to our fans. We cannot wait to kick off this exciting season.” said Nicolas Maurer, CEO and Co-Founder of Team Vitality.
“We’re excited to squad up with Team Vitality, one of the most competitive and successful organizations in esports. Like Vitality’s players, we’re focused on keeping the win streak going, whether that’s protecting against DDoS attacks, securing fast and stable connections, or giving gamers a free pick to play wherever they are. We’ve seen first-hand how our partnerships come in clutch for the gaming community, most recently as a Summer Split Partner of Riot Games. We can’t wait to build on that success with Vitality’s players and fans around the world.” added Zac Eller, GM, Global Partnerships, ExpressVPN.
The post EXPRESSVPN JOINS TEAM VITALITY AS OFFICIAL PARTNER TO ENHANCE ONLINE SECURITY appeared first on European Gaming Industry News.
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