Neogames, Caesars Entertainment extend agreement on NeoSphere platform

NeoGames (NGMS) "announced that it has amended its license agreement with an affiliate of Caesars Entertainment (CZR), including an initial three-year extension, followed by annual renewals unless terminated by either party. Under the revised agreement, the Company will continue to provide Caesars with a sublicense to its Player Account Management system, the NeoSphere platform, and associated services, to be used by Caesars in operating its successful online sports betting and iGaming business. In addition, the Company will continue to work with Caesars to enhance the solution in support of the ongoing growth of Caesars’ online business. During the term of the agreement the Company will assist Caesars in transitioning its operations from the Company’s platform to its own tech platform, where applicable and as requested by Caesars. As part of the agreement, NeoGames secured a guaranteed net profit level for the full term of the agreement."