Georgia Lottery

NeoGames Announces Fourth Quarter and Full Year 2023 Results

Retrieved on:

Wednesday, March 6, 2024

LUXEMBOURG, March 06, 2024 (GLOBE NEWSWIRE) -- NeoGames S.A. (Nasdaq: NGMS) (“NeoGames” or the “Company”), a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today financial results for the fourth quarter and year ended December 31, 2023.

Key Points:

iLottery revenues were $14.4 million during the fourth quarter of 2023, compared to $14.5 million during the fourth quarter of 2022, representing a decrease of (0.4)% year-over-year.
In addition, the Company’s share in NPI revenues was $17.2 million during the fourth quarter of 2023, compared to $14.0 million during the fourth quarter of 2022, representing an increase of 22.9% year-over-year.
Adjusted net income1 was $1.7 million, or $0.05 per share, during the fourth quarter of 2023, compared to $7.3 million, or $0.22 per share, during the fourth quarter of 2022.
Adjusted EBITDA¹ was $18.2 million during the fourth quarter of 2023, compared to $18.1 million during the fourth quarter of 2022, representing an increase of 0.4% year-over-year.

NeoGames launches content with Georgia Lottery, expanding NeoGames Studio’s presence in US

Retrieved on:

Tuesday, March 5, 2024

Georgia Lottery, HOPE, Neogames

NeoGames Studio has been delivering award-winning eInstant content to lotteries worldwide for over 17 years, vastly improving the offerings of NeoGames’ customers.

Key Points:

NeoGames Studio has been delivering award-winning eInstant content to lotteries worldwide for over 17 years, vastly improving the offerings of NeoGames’ customers.
Launches in West Virginia and Pennsylvania are scheduled for later in 2024, further expanding the studio’s presence in the continent.
Diggi Games contribute greatly to the Georgia Lottery’s mission to maximize revenues for Georgia’s HOPE Scholarship and Pre-K programs.
We appreciate the opportunity to partner with NeoGames as we work to continue growing this vital category of games.”

Lucky Bucks Files RICO Lawsuit Against Former Employees Alleging Systematic Looting of Company as Part of Years-long Organized Criminal Conspiracy Prior to Bankruptcy

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Friday, January 5, 2024

Casino, Gaming, Entertainment, Legal, Professional Services, Superior court, Bankruptcy, Georgia Superior Courts, Complaint, Georgia Lottery, COAM, Haqq (surname), Fraud, Growth, ARC, United States bankruptcy court, Crime

The defendants named in the complaint include Anil Damani, founder and former owner of Lucky Bucks, who in June 2020 was required by the Georgia Lottery Corporation (“GLC”) to be barred from Lucky Bucks operations.

Key Points:

The defendants named in the complaint include Anil Damani, founder and former owner of Lucky Bucks, who in June 2020 was required by the Georgia Lottery Corporation (“GLC”) to be barred from Lucky Bucks operations.
Each of the former Lucky Bucks employees either resigned before or shortly after the new management took control of the company or was subsequently terminated.
Kassam, Ali, Vaswani and Haque are additionally accused of breaching their fiduciary duty as senior members of Lucky Bucks by engaging in self-dealing transactions.
On October 3rd, Lucky Bucks announced the completion of its restructuring process and successful emergence from Chapter 11.

Lucky Bucks Successfully Completes Restructuring

Retrieved on:

Tuesday, October 3, 2023

Electronic Games, Theme Parks, Entertainment, Bankruptcy, Greenhill & Co., Latham & Watkins, Milbank, COAM, United States Bankruptcy Court for the Southern District of New York, Title 11 of the United States Code, United States bankruptcy court, Growth, LP, Georgia Lottery, Security (finance), Financial adviser

Lucky Bucks, LLC (“Lucky Bucks” or the “Company”), one of the largest Class B coin operated amusement machine (“COAM”) route operators in Georgia, has announced the completion of its restructuring process and successful emergence from chapter 11.

Key Points:

Lucky Bucks, LLC (“Lucky Bucks” or the “Company”), one of the largest Class B coin operated amusement machine (“COAM”) route operators in Georgia, has announced the completion of its restructuring process and successful emergence from chapter 11.
The restructuring enables Lucky Bucks to substantially strengthen its balance sheet, reduce debt by over $500 million, and inject substantial new liquidity.
The newly reorganized Lucky Bucks will operate under an experienced long-term ownership group, which has collectively provided significant new capital to support Lucky Bucks’ future growth and innovation.
Court filings and additional information regarding Lucky Bucks’ prepackaged chapter 11 cases is available on a separate restructuring information website administered by Lucky Bucks’ claims, noticing and solicitation agent, Epiq Corporate Restructuring, LLC, which is located at https://dm.epiq11.com/LuckyBucks .

Ammunition Appoints New Vice President of Client Partnership to Support Client-Centric Growth

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Tuesday, September 26, 2023

Advertising, Partnership, American Heart Association, Marketing, Culture, BBDO, Jeanna Fine, Georgia Lottery, Trust, Acquisition, Growth, Atlanta Hawks, Sales, Oldcastle, Ammunition, Chick-fil-A

Atlanta, Georgia--(Newsfile Corp. - September 26, 2023) - Ammunition, an Atlanta-based full-service advertising industry, today announced the appointment of Jeanna Welday as Vice President of Client Partnership.

Key Points:

Atlanta, Georgia--(Newsfile Corp. - September 26, 2023) - Ammunition, an Atlanta-based full-service advertising industry, today announced the appointment of Jeanna Welday as Vice President of Client Partnership.
As Vice President of Client Partnership, Jeanna will support Ammunition's client partnership efforts, ensuring that the organization delivers exceptional results to its valued clients, driving revenue growth, and fostering a culture of collaboration and trust within the agency.
Her proven track record in building strong client relationships and her commitment to driving growth align with our agency's values and mission.
Ammunition has continued its rapid growth in 2023, both in its breadth of services and in staff.

Financial Recapitalization to Position Lucky Bucks as Dominant Player in Georgia Coin Operated Amusement Machine Market

Retrieved on:

Friday, July 28, 2023

Electronic Games, Theme Parks, Entertainment, Bankruptcy, Plan, Greenhill & Co., Latham & Watkins, Milbank, United States Bankruptcy Court for the Southern District of New York, Title 11 of the United States Code, United States bankruptcy court, Growth, LP, Georgia Lottery, Corporate development, Security (finance), Financial adviser

Lucky Bucks, LLC (“Lucky Bucks”), one of the largest Class B coin operated amusement machine (“COAM”) operators in Georgia, announced that it has achieved confirmation of its Plan of Reorganization (the “Plan”) from the United States Bankruptcy Court for the District of Delaware (“the Court”).

Key Points:

Lucky Bucks, LLC (“Lucky Bucks”), one of the largest Class B coin operated amusement machine (“COAM”) operators in Georgia, announced that it has achieved confirmation of its Plan of Reorganization (the “Plan”) from the United States Bankruptcy Court for the District of Delaware (“the Court”).
The financial restructuring contemplated under the Plan will strengthen Lucky Bucks’ capital structure by right-sizing its balance sheet and reducing its debt by over $500 million.
Lucky Bucks’ restructuring, which remains subject to regulatory approval, will strengthen Lucky Bucks’ leadership position across the Georgia COAM market.
Latham & Watkins LLP is serving as legal counsel to certain other lenders holding secured debt of Lucky Bucks.

MORE GREAT GEORGIA LOTTERY SCRATCHERS COMING TO PLAYERS FROM GEORGIA-BASED SCIENTIFIC GAMES

Retrieved on:

Thursday, April 13, 2023

ATLANTA, April 13, 2023 /PRNewswire/ -- Georgia-based Scientific Games will continue to bring the company's high-performance Scratchers to Georgia Lottery players for seven more years through a recent contract extension. The announcement comes as the Georgia Lottery Corporation celebrates its 30th Anniversary, highlighted by a 30-year primary instant game partnership with Scientific Games for Scratchers that has helped the Lottery raise more than $26.1 billion in funding for the state's HOPE Scholarship and Georgia Pre-K Program.

Key Points:

ATLANTA, April 13, 2023 /PRNewswire/ -- Georgia-based Scientific Games will continue to bring the company's high-performance Scratchers to Georgia Lottery players for seven more years through a recent contract extension.
Headquartered in metro Atlanta since the mid-1970s, Scientific Games provides games, technologies, analytics and services to 130 lotteries in 50 countries.
Gretchen Corbin, Georgia Lottery Corporation President and CEO, said, "We are proud to celebrate our 30th Anniversary and a 30-year successful partnership with Scientific Games this year.
Our partnership has helped responsibly grow Georgia Scratchers to one of the most successful lottery instant game portfolios in the world, and the real winners are students in Georgia."

SCIENTIFIC GAMES CHIEF INFORMATION OFFICER JESSIE PACK NAMED TECHNOLOGY ASSOCIATION OF GEORGIA 2023 TECH LEADER OF THE YEAR

Retrieved on:

Tuesday, April 4, 2023

ATLANTA , April 4, 2023 /PRNewswire/ -- Scientific Games Chief Information Officer Jessie Pack was named 2023 Tech Leader of the Year by the Technology Association of Georgia, the largest tech organization in the state with more than 30,000 members, including across the metro Atlanta tech corridor. Pack received the honor for a private company tech leader.

Key Points:

ATLANTA , April 4, 2023 /PRNewswire/ -- Scientific Games Chief Information Officer Jessie Pack was named 2023 Tech Leader of the Year by the Technology Association of Georgia , the largest tech organization in the state with more than 30,000 members, including across the metro Atlanta tech corridor.
Scientific Games CEO Pat McHugh said,"On behalf of the entire Scientific Games family, we are very proud to have Jessie Pack as our CIO.
With 100+ team members in eight countries, Pack joined SG in 1986 and is responsible for technology operating Scientific Games and its customers' systems globally.
Scientific Games provides retail and digital games, technologies, analytics and services to 130 lotteries in 50 countries, including the Georgia Lottery Corporation.

SCIENTIFIC GAMES POWERING UP DIGITAL AND SPORTS LEADERSHIP

Retrieved on:

Monday, March 20, 2023

ATLANTA, March 20, 2023 /PRNewswire/ -- Scientific Games is building on momentum following its sale to Brookfield Business Partners in April 2022 by expanding the new organization's Digital and Sports Betting teams and re-aligning leadership to continue serving its digital lottery and lottery sports betting customers globally. The company is also hiring for a number of roles related to its digital and sports business.

Key Points:

Currently, Scientific Games provides digital lottery games, second-chance programs, player loyalty clubs, mobile apps, CRM, and iLottery solutions to more than 20 U.S. and 30 international lotteries.
The company continues to enhance the record-breaking Pennsylvania iLottery program with 46 eInstant games, five eDraw games and more than 11,500 CRM campaigns launched in 2022.
In her new role, Kira will create and execute Scientific Games' long-range plans for digital programs.
Scientific Games launched the first digital instant game in the U.S. in 2014, and is a leading provider of digital games, mobile apps, player loyalty programs and other digital products and services for the global lottery industry.

Sensis Research Finds Continued Hesitancy for Clinical Trial Participation Among Minorities

Retrieved on:

Monday, November 7, 2022

Sensis, the largest minority-owned advertising agency in the country completed its first survey on diversity in medical research and found minorities grossly underrepresented in clinical trials.

Key Points:

Sensis, the largest minority-owned advertising agency in the country completed its first survey on diversity in medical research and found minorities grossly underrepresented in clinical trials.
Even though the FDA will require 15% diversity in federal drug trials for approval, African Americans and Hispanics are the least likely to take part according to research conducted by Sensis.
There is a lot of mistrust of institutions among Hispanics and African Americans that has developed over centuries.
Nearly one-third of African American respondents had heard negative things about medical research studies or clinical trials.