NeoGames, a leading technology provider, has recently announced an extension and amendment of its license agreement with an affiliate of Caesars Entertainment. The amended agreement, initially spanning three years, followed by annual renewals unless terminated by either party, signifies NeoGames’ commitment to providing critical services to support Caesars’ online sports betting and iGaming operations.
Continued Support:
Under the extended agreement, NeoGames will maintain its pivotal role in supporting Caesars by providing a sublicensed Player Account Management system, access to the NeoSphere platform, and a suite of associated services essential for the successful operation of Caesars’ online sports betting and iGaming business.
Seamless Transition:
NeoGames will also play a key role in assisting Caesars with the transition of its operations from NeoGames’ platform to Caesars’ proprietary technology platform. This collaborative effort aims to ensure a seamless and efficient migration process while maintaining the highest standards of service quality.
Guaranteed Profit Level:
A noteworthy aspect of this agreement is that NeoGames has secured a guaranteed net profit level throughout the entire duration of the agreement, reinforcing its commitment to support and contribute to Caesars’ growth and success in the dynamic U.S. online sports betting and iGaming market.
Executive Insights:
Moti Malul, CEO of NeoGames, expressed pride in the strong ongoing partnership with Caesars and the excitement of continuing to deliver market-leading services to support Caesars’ expanding online sports betting and iGaming operations in the United States.
Eric Hession, President of Caesars Digital, acknowledged the commitment and support of the NeoGames team over the years, emphasizing the vital role NeoGames’ technology plays in the success of their online sports betting and iGaming business. He affirmed Caesars’ excitement about continuing to leverage their partnership with NeoGames as they further develop their presence in the U.S. market.
The extension and amendment of the agreement between NeoGames and the affiliate of Caesars Entertainment is a testament to the enduring partnership between the two entities. It reflects NeoGames’ dedication to providing essential services and support while contributing to the ongoing growth and success of Caesars’ online sports betting and iGaming endeavors in the United States. This collaboration is poised to have a lasting impact on the ever-evolving landscape of online gaming and betting.