As part of a new extension agreement, NeoGames will provide Caesars with its Player Account Management System – in addition to providing its associated services.
Additionally, NeoGames will help Caesars migrate to its own technology platform. However, NeoGames is guaranteed a level of net profit for the remainder of the pair’s three-year contract.
Moti Malul, CEO of NeoGames, said: “We are very proud and pleased with our continued strong partnership with Caesars and excited to continue to provide our services to the Caesars team as they continue to grow their successful online sports betting and iGaming business. in the United States. We look forward to helping them with the future growth of their business.”
Eric Hession, President of Caesars Digital, also commented on the partnership: “We appreciate the commitment and strong support of the NeoGames team over the years and the important role their technology plays in the success of our online sports betting and iGaming business.”
“The NeoGames team offers unparalleled experience and support, and we are excited to continue to leverage our partnership with them as we expand our US online sports betting and iGaming business.”
Recently, NeoGames saw its Q4 revenue increase by 54% for 2022, totaling $69.2 million. Its net loss of $800,000 was significantly lower than the prior year’s $3.6 million, while adjusted EBITDA increased 129% in 2022 to $18.1 million.
About Caesars
Caesars Sportsbook & Casino is part of Caesars Entertainment – the world’s number one gaming company with over 80 years of sports betting experience. Caesars Sportsbook & Casino believes that all team members should be treated as ‘Caesars’.
As it continues to walk the path with the Caesars Sportsbook & Casino app, Caesars Sportsbook retail store expansion, the World Series of Poker franchise, the William Hill brand partner and relationships with the biggest names in sports and entertainment, the group seeks to create new and exciting opportunities to delight customers and make an impact.
