NeoGames To Enter Five New European Markets Following 4-Year Agreement With The Lotteries Entertainment Innovation Alliance AS
Portfolio Pulse from Happy Mohamed
NeoGames S.A. (NASDAQ:NGMS), a provider of iLottery and iGaming solutions, has signed a four-year deal with the Lotteries Entertainment Innovation Alliance AS (LEIA) to supply its content to lotteries in Scandinavia and France. The deal will see NeoGames' content integrated into lotteries run by LEIA members, including Danske Spil, Veikkaus, Française des Jeux, Norsk Tipping, and Svenska Spel. The agreement follows a competitive RFP process and will significantly expand NeoGames' European reach.
July 31, 2023 | 12:34 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
NeoGames' deal with LEIA to supply content to lotteries in Scandinavia and France could potentially boost its revenues and expand its market presence in Europe.
The deal with LEIA will allow NeoGames to supply its content to more lotteries in Europe, potentially increasing its revenues. The agreement also demonstrates NeoGames' competitive strength in the iLottery and iGaming industry, which could positively impact investor sentiment and its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100