NeoGames has notified the markets that it has regained compliance with the Nasdaq stock exchange after the confirmation of Steve Capp’s addition to its board of directors.
Capp was elected to the board as an independent, non-executive director at the firm’s AGM, meaning that NeoGames was once again in compliance with rule 5605.
Rule 5605 stipulates that listed companies must have an auditing committee comprising at least three independent directors within the requisite cure period allowed under the listing rules.
Boasting over 25 years of experience in the gaming and financial services industries, Capp was previously EVP and CFO of Bally’s Corporation.
He guided the firm through its listing and subsequent acquisition, which saw the group go from a regional casino operator to a national firm with internet-based firms, sports betting, online casino, and DFS.
Earlier in his career, he was a director at Right Angle, a financial consultancy group, while he has also worked at Twin River Management and Pinnacle Entertainment.
“Steve is a highly experienced executive who brings leadership, deep expertise, and professional experience to our board,” said Moti Malul, Chief Executive Officer of NeoGames. “Steve will be a valuable addition to our board.”
NeoGames is currently in a transition phase as it awaits to be integrated into the Aristocrat group after accepting an offer of $1.2bn for the acquisition earlier this year.