Elys Game Technology and Grand Central Restaurant and Bar Announce Official Opening Date of October 4, 2021
September 30 2021 - 8:00AM
Business Wire
Establishment in Adams Morgan area of
Washington, D.C. could pioneer sports betting in restaurants, bars
and other small businesses throughout North America.
Elys Game Technology, Corp. (“Elys” or the “Company”)
(Nasdaq:ELYS) (NEO:ELYS), an interactive gaming and sports betting
technology company, and Grand Central LLC (“Grand Central”), an
independently owned operator of the Grand Central Restaurant &
Bar located in the Adams Morgan area of Washington, D.C., today
announced the official opening date of October 4, 2021 for patrons
to place real-money sports bets within the restaurant premises.
As previously announced, in connection with the grant by the
District of Columbia’s Office of Lottery and Gaming (OLG) of a
Class B Operator license to Grand Central to operate a sportsbook
within the Grand Central Restaurant & Bar and of a Management
Services Provider License to the Company, and with US Bookmaking
advising on risk management and bookmaking services, the Company
will commence licensed sportsbook operations in the United States
with the opening event.
“This moment has been eagerly awaited by our entire team and
shareholders for the better part of three years and we are very
pleased to share this significant milestone event with Brian Vasile
and the team at Grand Central, along with all of our partners and
CBE businesses in Washington, D.C. that were instrumental not only
in preparing our technology and product delivery but also staff
training and diligently planning for a successful opening,”
commented Michele Ciavarella, Executive Chairman of Elys Game
Technology. “We expect that Grand Central and the integration of
legalized sports betting operations within the restaurant venue
could be a valuable template for numerous other small businesses
across North America and provide an important live location for
Elys to showcase its world-class, end-to-end sports betting
technology and services also to casino operators, restaurant chains
and other small business entrepreneurs. In addition, we hope that
the venue could serve as a model for regulators across the U.S. and
Canada to see how this turn-key solution could be applied in their
jurisdictions to help drive economic development at the grass-roots
level and invite all our friends and valued shareholders to
experience our newly developed U.S. facing products and services at
the Grand Central Restaurant and Bar.”
Elys is currently operational in both online and retail channels
throughout Italy via approximately 1,200 web-shops and is now live
in North America with 6 tribal casino customers. The Company is
planning to process applications to offer sports wagering through
its leading-edge betting platform to large and small casinos and
independent business venues in the U.S. and Canada representing one
of the most exciting long-term growth opportunities for Elys. The
provisional OLG’s Standard Management Services Provider License
granted to the Company expires August 26, 2022.
The Sports Wagering Lottery Amendment Act of 2018 legalized
Sports Betting in the District of Columbia and it became law on May
3, 2019. OLG regulates privately-operated sports wagering
throughout the District, licensing and monitoring these operations
and their gaming-related suppliers for compliance with applicable
District and federal laws.
About Grand Central, LLC
Grand Central Restaurant & Bar, located at 2447 18th Street,
NW, Washington, DC, is an independently owned and operated bar and
grill founded in 2007. The establishment is well known for its
classic American pub fare and televised sports viewing. Food and
beverage service hours are 11:00 am to 2:00 am Sunday through
Thursday and 11:00 am to 3:00 am Friday and Saturday, while the
Grand Central sportsbook will open seven days a week, from 10:00 am
to 1:00 am.
Additional information is available on the Grand Central website
at www.grandcentraldc.com and can be followed on Twitter and
Instagram at @grandcentraldc.
About Elys Game Technology, Corp.
Elys Game Technology, Corp., is a B2B global gaming technology
company operating in multiple countries worldwide, with B2C online
and land-based gaming operations in Italy. In Italy, Elys offers
its clients a full suite of leisure gaming products and services,
such as sports betting, e-sports, virtual sports, online casino,
poker, bingo, interactive games and slots.
The Company’s innovative wagering solution services online
operators, casinos, retail betting establishments and franchise
distribution networks. Additional information is available on our
corporate website at www.elysgame.com.
Investors may also find us on Twitter @ELYS_gaming.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
identified by the use of the words “could,” “believe,”
“anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,”
“predict,” “potential,” “project” and similar expressions that are
intended to identify forward-looking statements and include
statements regarding the opening date of October 4, 2021 for
patrons to place real-money sports bets within Grand Central
Restaurant & Bar, commencing licensed sportsbook operations in
the United States on October 4, 2021 with the opening event, the
integration of legalized sports betting operations within the
restaurant venue being a valuable template for numerous other small
businesses across North America, the venue providing an important
live location to showcase the Company’s sports betting technology
and services to casino operators, restaurant chains and other small
business entrepreneurs, the venue serving as a model for regulators
across the U.S. and Canada to drive economic development at the
grass-roots level and plans to process applications to offer sports
wagering through the Company’s betting platform to large and small
casinos and independent business venues in the U.S. and Canada.
These forward-looking statements are based on management’s
expectations and assumptions as of the date of this press release
and are subject to a number of risks and uncertainties, many of
which are difficult to predict that could cause actual results to
differ materially from current expectations and assumptions from
those set forth or implied by any forward-looking statements.
Important factors that could cause actual results to differ
materially from current expectations include, among others, the
Company’s ability to commence licensed sportsbook operations within
Grand Central Restaurant & Bar on October 4, 2021, the
Company’s ability to establish the integration of legalized sports
betting operations within the restaurant venue as a valuable
template for numerous other small businesses across North America,
the Company’s ability to establish the venue as a model for
regulators across the U.S. and Canada, the Company’s ability to
offer sports wagering through its betting platform to large and
small casinos and independent business venues in the U.S. and
Canada as planned , the duration and scope of the COVID-19 outbreak
worldwide, including the impact to state and local economies, and
the risk factors described in the Company’s Annual Report on Form
10-K for the year ended December 31, 2020 and its subsequent
filings with the U.S. Securities and Exchange Commission, including
subsequent periodic reports on Form 10-Q and current reports on
Form 8-K. The information in this release is provided only as of
the date of this release, and the Company undertakes no obligation
to update or revise publicly any forward-looking statements,
whether as a result of new information, future events or otherwise,
after the date on which the statements are made or to reflect the
occurrence of unanticipated events, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210930005055/en/
Elys Game Technology, Corp. Michele Ciavarella, Executive
Chairman Tel: 1-628-258-5148 Email: m.ciavarella@elysgame.com
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