Naugames’ share price bThe sale offer Of its shareholders is set at $ 36, and the shareholders will sell shares worth about $ 124 million. The company, which provides technological solutions to government lottery companies, is traded on Nasdaq at a value of $ 948 million, announced a few days ago its shareholders intend to sell parts of their holdings, and in response its share has weakened by 16%. 3% on the share price on the Nasdaq.

As part of the sale, the largest shareholder in Naugames, Caesars, sells about half of its holding in Naugames shares for about $ 110 million. The volume of the sale may increase later because the underwriters were given an option to purchase additional shares at the issue price within 30 days. In the event of the option being exercised, Caesars will sell shares for an additional $ 18.7 million.

Caesars became the largest shareholder in the company after acquiring British gambling company William Hill, which owned Naugames, a few months ago.

Business people Help me And Pini Zahavi, who before the sale each held 12.5% ​​of Naugames shares, are selling a small portion of their holdings. Azoor (who owns the media and energy business) sells shares worth $ 3.6 million, and Zehavi (a football player agent) sells shares worth about $ 7 million. Following the sale, Azor will retain shares worth $ 115 million, and Zehavi will remain with a holding of approximately $ 111 million. CEO Moti Malul did not sell shares, and was left with a 1.1% stake in the company at a current value of $ 10.5 million.

Naugames was founded when it was split from Aspire Global, which is a provider of iGaming solutions – systems and services for operators of online sports betting sites, customer management and payments. Aspire Global, which also currently owns Zahavi and Azor, is traded on the Swedish stock exchange at a market value of about $ 404 million (about 3.47 billion Swedish kronor).

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