LUXEMBOURG, July 06, 2023 (GLOBE NEWSWIRE) — NeoGames S.A. (Nasdaq: NGMS) (“NeoGames” or the “Company”), a technology-driven supplier of end-to-end iLottery and iGaming options, introduced right now the election of Steve Capp to its board of administrators as an unbiased, non-executive director following the approval of the Company’s shareholders at the 2023 annual normal assembly. Following his election to the board, Mr. Capp was appointed as the chairperson of the audit committee and as a member of its compensation and nominating and company governance committees. Following such appointment, the Company has obtained discover from Nasdaq that it has regained compliance with Nasdaq Listing Rule 5605(c)(2)(A) requiring that the audit committee be comprised of not less than three unbiased administrators inside the requisite remedy interval allowed for below the Nasdaq Listing Rules. “Steve is a extremely skilled government who brings management, deep experience, and skilled expertise to our board,” stated Moti Malul, Chief Executive Officer of NeoGames. “Steve shall be a helpful addition to our board.” Mr. Capp has 35 years of expertise in the gaming and monetary companies industries. From January 2019 till April 2022, Mr. Capp served as EVP and CFO of Bally’s Corporation (NYSE: BALY), a regional gaming and hospitality firm. During this time, Bally’s was taken public and subsequently acquired and built-in greater than 20 entities, together with on line casino resort properties and internet-based firms in the every day fantasy sports activities, free-to-play, sports activities wagering and iCasino areas. Prior to Bally’s, Mr. Capp was a director and monetary marketing consultant at Right Angle, a monetary and strategic consulting agency, from April 2011 till December 2018. Mr. Capp served on the board of Bally’s predecessor non-public firm, Twin River Management Group, for about seven years and as a director, advisor or marketing consultant for a number of different non-public gaming, hospitality and expertise firms. Within the gaming trade, Mr. Capp has additionally served as EVP and CFO for regional gaming and hospitality firm Pinnacle Entertainment, Inc. He started his profession as an funding banker with Bank of America Securities and Bear Stearns & Co. Mr. Capp holds a finance diploma from the University of Arizona and an MBA from the Wharton School of the University of Pennsylvania. About NeoGames NeoGames is a technology-driven innovator and a worldwide chief of iLottery and iGaming options and companies for regulated lotteries and gaming operators. The Company affords its clients a full-service suite of options, together with proprietary expertise platforms, two devoted recreation studios with an in depth portfolio of participating video games – one in lottery and one in on line casino video games, and a variety of value-added companies. The latest strategic acquisition of Aspire Global Group allows NeoGames to supply the most complete portfolio throughout iLottery, an revolutionary sports activities betting platform from BtoBet, a sophisticated content material aggregation answer from Pariplay, and an entire set of B2B Gaming tech and Managed Services. NeoGames stays an instrumental associate to its clients worldwide, as it really works to maximise their income potential by varied choices, together with regulation and compliance, cost processing, threat administration, participant relationship administration, and participant worth optimization. NeoGames strives to be the long-term associate of alternative for its clients, empowering them to ship pleasurable and worthwhile packages to their gamers, generate extra income, and maximize proceeds to governments and good causes. Forward-looking assertion: This press launch accommodates forward-looking statements inside the that means of the Private Securities Litigation Reform Act of 1995. The Company intends such forward-looking statements to be lined by the protected harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are primarily based upon present plans, estimates and expectations of administration which are topic to varied dangers and uncertainties that might trigger precise outcomes to vary materially from such statements. The inclusion of forward-looking statements shouldn’t be considered a illustration that such plans, estimates and expectations shall be achieved. Words akin to “anticipate,” “anticipate,” “mission,” “intend,” “imagine,” “could,” “will,” “ought to,” “plan,” “might,” “could,” “proceed,” “goal,” “ponder,” “estimate,” “forecast,” “steering,” “predict,” “doable,” “potential,” “pursue,” “probably,” and related expressions or the unfavorable of these phrases or different comparable terminology are meant to establish forward-looking statements, although not all forward-looking statements use these phrases or expressions. All statements, aside from statements of historic reality, together with expectations relating to Mr. Capp’s service on the Board, are forward-looking statements. These forward-looking statements are topic to dangers, uncertainties and assumptions, some of that are past our management. In addition, these forward-looking statements replicate our present views with respect to future occasions and should not a assure of future efficiency. Actual outcomes could differ materially from the data contained in the forward-looking statements consequently of a quantity of components together with, with out limitation the threat components set forth in Item 3.D. “Key Information- Risk Factors” in our annual report on Form 20-F for the 12 months ended December 31, 2022, filed with the Securities and Exchange Commission (the “SEC”) on April 28, 2023, and different paperwork filed with or furnished to the SEC. These statements replicate administration’s present expectations relating to future occasions and working efficiency and converse solely as of the date of this press launch. You shouldn’t put undue reliance on any forward-looking statements. Although we imagine that the expectations mirrored in the forward-looking statements are cheap, we can not assure that future outcomes, ranges of exercise, efficiency and occasions and circumstances mirrored in the forward-looking statements shall be achieved or will happen. Except as required by relevant regulation, we undertake no obligation to replace or revise publicly any forward-looking statements, whether or not consequently of new data, future occasions or in any other case, after the date on which the statements are made or to replicate the prevalence of unanticipated occasions. Contacts Investor Contact: [email protected] Relations:[email protected]
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