Pollard Banknote Limited announced that it has entered into a joint venture operating agreement with respect to NeoPollard Interactive LLC and amended the parties’ Michigan Joint Venture Agreement with NeoGames S.A. The Agreements reinforce the long‐term approach to ensure the continued success of NPI and accordingly, the operations of its market leading customers. In addition, the Agreements allow Pollard and NeoGames the option to pursue future iLottery opportunities in the North American market either in partnership, as part of the Joint Venture, or independently.
Doug Pollard, Co‐Chief Executive Officer of Pollard Banknote, said: “NPI has been the leader in the North American iLottery market since its creation ten years ago and continues to generate significant value for its lottery clients. We are extremely pleased to reconfirm the commitment to our NPI joint customers and look forward to continuing long‐term success with the completion of the Agreements.
“The signing of the Agreements underlines the strong relationship we have had with NeoGames throughout the growth of NPI and the high level of commitment our team brings to our existing iLottery clients. The Agreements further provide the flexibility for both Joint Venture parties’ to pursue future iLottery opportunities within the Joint Venture or independently. Such decisions will be made on a case-by‐case basis and will depend on the specific facts and circumstances of each opportunity.”
The operations of NPI remain unchanged under the Agreements. The NPI team will continue to provide world class player operations support, account management and professional services.
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