Jonathan Chilton, the new managing director of NeoGames’ Aspire Global igaming division has been appointed.
Chilton assumed the role of CEO in February. However, the announcement was only made today (16th April). Aspire Global announced that Chilton would support the company’s ongoing expansion in regulated markets across the globe.
Chilton, an experienced executive who previously served as the chief operating officer of Playbook Engineering for a brief period of time, joins Aspire Global.
He spent six years at GM Gaming, owned by Super Group. He served here as the COO, Operations Director and Executive Director, helping to expand the Betway Brand into several European regulated markets.
Chilton has also worked for IngweTech Solutions Paywize Osiris Trading Raging River Trading.
Chilton stated that it was a great opportunity to join Aspire Global during a time of growth and excitement for the business. We have a very talented team and I am determined to speed up our growth by delivering a wide range of cutting edge solutions.
NeoGames CEO Moti malul said: “I am thrilled to welcome Jonathan aboard. Jonathan has a wealth of knowledge and experience. “He will be an asset to both our NeoGames white-label focus and the wider NeoGames Group.”
Aspire Global parent scores Brazil partnership
The confirmation of this appointment follows NeoGames’ partnership, which was announced last week with BIG Brazil – a Caesars Sportsbook Licensee. Caesars Brazil will be expanded in the Brazilian market through the deal.
NeoGames, as part of this deal with BIG Brazil will offer its platform for player management and sportsbook solutions to BIG Brazil. The company will offer additional products and services.
This deal was announced just one month after BIG Brazil had confirmed that it wanted to be accredited by the Rio de Janeiro State Lottery (Loterj).
Tsachi maimon, NeoGames’ president and director of igaming, stated that NeoGames was ready to assist BIG Brazil in its venture into Brazil.
NeoGames’ net loss will be flat in 2023, as Aristocrat takes over the company
Aspire Global also announced its 2023 financial results. Revenue at NeoGames jumped 15.6% to $191.5m (PS153.9m/EUR180.3m), while net loss was largely flat compared to FY22.
The spending wiped out revenue growth, but the net loss was only $18,2m. This is just 3.6% below 2022. The adjusted EBITDA doubled in the past year to $66.5m.
NeoGames didn’t host a call to discuss its results for 2023 in advance of the sale to Aristocrat Leisure. Aristocrat Leisure agreed in May to purchase NeoGames from Aristocrat for $1.20bn. The deal is expected to close during Q2 of 2024.
