NeoGames sees ‘seasonal impacts’

Ilottery games developer NeoGames saw its second quarter revenues fall $12.9m, or 0.6 per cent, it was announced this week.

The company’s second quarter adjusted EBITDA was up 6.6 per cent, however, at $8.3m. The overall trend, however, was “encouraging,” said CEO Moti Malul. “There were the expected seasonal impacts during the quarter.”

Malul said that there was evidence of strong growth in Alberta, Canada, where new gaming verticals were added and there had been further expansion of the company’s games content into new markets in the Ukraine and Italy with new contracts.