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NeoGames Reports Strong Revenue Amid Merger
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Overview
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NeoGames, a technology provider in iLottery and iGaming, posted $254.6 million in 2023 revenues with a net loss of $18.3 million. Adjusted net income was $12.8 million, showing a 39.8% rise in adjusted EBITDA. The merger with Aristocrat Leisure is set for Q2 2024 after shareholder approval.
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How might the merger with Aristocrat Leisure impact NeoGames' market position?
What potential challenges could NeoGames face in executing its growth and partnership initiatives?
What strategies can NeoGames employ to mitigate its net loss moving forward?
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