NeoGames Casinos
Since its inception in 2005, NeoGames has transformed from a small-scale operation into a prominent software developer in the gaming industry. The company now employs over 1,000 people and operates in over eight countries.
A significant milestone in NeoGames' growth was its June 2022 acquisition of Aspire Global for SEK 4.3 billion (£341.7 million/€385.8 million/$412.2 million). Following the acquisition, Aspire Global continued operating as a NeoGames subsidiary.
Read MoreNeogames Platform and Games
Neogames is a pioneer of lottery games, and the company now offers a huge portfolio of titles.
But Neogames are best known for their scratchcards, and with good reason. They are intuitive, quick to play and provide immediate gratification.
With 3D interactive graphics, player engagement is enhanced. And it's not just the same game over and over—there's a large selection of algorithms, branded games, and game engines.
Whereas most casino sites have a smattering of scratchcards, any site operating on the Neogames platform will have hundreds. Through partner networks, around 200 million Neogames are scratched every month. Now, you don't have to queue up in a draughty newsagent to get your scratchcard fun – thanks to Neogames, you can play them on your laptop or smartphone whenever you fancy. Neogames have taken scratchcards into a new dimension – nowadays, players can choose from hundreds of cheerful fixed odds games, with the added benefit of being able to tailor the bet size.
As the network expands, famous brands, including Monopoly and Leprechaun Riches, are appearing on the line. There is also a fledgeling bingo platform, where players can mingle in multiple rooms, deposit in numerous currencies, and win progressive jackpots.
Instant play variants such as keno and lotto are proving incredibly popular, thanks to innovative features such as side bets.
Impact of Aspire Global Acquisition
Although the acquisition led to increased expenses for NeoGames, resulting in a net loss for the year, it also substantially impacted revenue. In 2022, NeoGames' revenue more than tripled year-on-year, even though Aspire Global International Ltd became part of the business halfway through the year. The acquisition created a comprehensive iGaming, lottery, and sports betting product offering. Aspire Global, founded in 2005, has a strong reputation as both a B2C operator and a B2B supplier.
Over recent years, Aspire Global acquired Pariplay for content and aggregation and BtoBet for sports, took a stake in End2End for bingo, and sold its remaining B2C brands to US-based Esports Technologies for €65 million.
Aristocrat Acquires NeoGames in $1.20bn Deal in 2024
In May 2023, Aristocrat announced its agreement to purchase NeoGames for $1.20 billion (£958.9 million/€1.12 billion). The acquisition, anticipated to be completed within 12 months, marks a significant step in Aristocrat's strategic expansion.
By April 2024, Aristocrat confirmed that the acquisition was nearing completion, having secured all necessary gaming regulatory approvals. NeoGames shareholders voted to approve the purchase, paving the way for the finalisation of the deal. The acquisition will result in the merger of Aristocrat’s Anaxi subsidiary with NeoGames, forming a single, integrated global business known as Aristocrat Interactive. This move leverages the strength of Aristocrat's global brand and broadens its market reach.
Aristocrat highlighted that the acquisition enables the company to leverage its own gaming content and customer relationships and expand capabilities across a wider range of channels and regions. This strategic move is expected to accelerate future growth.
“We’re thrilled to welcome NeoGames to Aristocrat,” said Aristocrat CEO Trevor Croker. “The acquisition of NeoGames and its leading global online real-money gaming (RMG) platform adds to our increasing organic capabilities and will ensure that we deliver on our strategy by providing a portfolio of end-to-end solutions. With our ambition to be the leading gaming platform for the regulated online RMG industry, the addition of NeoGames to our team advances our strategy to build global scale and capability.”
This acquisition will enhance Aristocrat's position in the global gaming market, providing a robust platform for continued growth and innovation.
Customisation
Any client operating on the Neogames platform can customise the look and feel of their site and integrate selected games to suit their target market. The company may be young—having been founded in 2005—but it has already revolutionised the electronic scratchcard industry.
Today, the company has 30 customers and operates in almost 20 languages. Thanks to advanced management services, customised integration, and white-label solutions, the multicultural and multilingual management and support team can tailor operations for each country and customer.
Six fundamental principles help Neogames stay market leaders: all games must be fair, transparent, and honest; players must have an enjoyable, engaging, and memorable experience; products must be simple and cater to a mass market, easily played by anybody; and products must be professional and innovative.
The company must also be approachable – the team of managerial experts welcome input from partners and players.
And perhaps most importantly of all, one in every three cards is a winner at Neogames, providing some of the best odds in the industry.
The Future of Neogames
NeoGames' journey from a modest startup to a significant player in the gaming industry highlights its strategic growth and innovative approach. The acquisition of Aspire Global and the subsequent integration of various gaming solutions have strengthened NeoGames' portfolio, enabling it to cater to diverse market demands and accelerate its growth trajectory.
Casino sites with online slots powered by NeoGames software
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