Online gambling technology provider NeoGames has entered into a joint venture operating agreement with lottery solutions specialist Pollard Banknote with respect to NeoPollard Interactive (NPI).
NeoGames and Pollard Banknote have been running NPI as an online lottery solutions provider joint venture for a number of years, though the new deal and subsequent amendment to the parties’ Michigan Joint Venture Agreement will formalize this arrangement.
The agreements seek to reinforce the long-term approach aimed to ensure the continued success of NPI and the operations of its customers across a host of markets and jurisdictions.
The two parties also said the new deal would provide both businesses with the option to pursue future online lottery opportunities within the North American market either in partnership, as part of the joint Venture, or independently.
In addition, it was noted that the operations of NPI would remain unchanged, with. the NPI team to continue to provide player operations support, account management and professional services.
“Our partnership with Pollard and the formation of NPI close to a decade ago has resulted in creation of the leading provider of ilottery programs in the North American market,” NeoGames chief executive Moti Malul said. “NPI and its customers have and continue to benefit from the close cooperation between the partners.
“We are pleased to announce these long-term agreements that provide continued future commitment to growth and success of our joint customers.
“The agreements represent the natural evolution of both the relationship of NPI partners and the markets in which we operate. Both parties will cooperate closely on government relations focusing particularly on new market authorizations.
“Within NPI we will continue to work closely to deliver our exceptional products and services to our existing customer accounts.
“Given the ever-changing market dynamics, the agreements further provide the flexibility for both joint Venture parties to pursue future ilottery opportunities in the North American market within the Joint Venture or independently, depending on the specific facts and circumstances of each relevant opportunity.”