Newgioco and Northern Winz Make Tribal Sports Wagering History
October 01 2019 - 8:29AM
InvestorsHub NewsWire
Newgioco and Northern Winz Make Tribal Sports Wagering History
Company debuts U.S. sports betting
operations with historical event at tribal casino in Montana
New York, NY -- October 1, 2019 -- InvestorsHub NewsWire --
Newgioco Group, Inc. (“Newgioco” or the
“Company”) (OTCQB: NWGI), a global sports
betting and gaming technology company providing software solutions
to regulated online and land-based sports betting and gaming
operators, is pleased to announce that history was made on
Saturday, September 28, 2019 with the first commercially controlled
wager through Newgioco’s ELYS betting platform on an Indian Horse
Relay Class I event held on the Rocky Boy reservation in northern
Montana.
The Company provided its full featured and flexible ELYS sports
book platform in land-based mode to customize event odds, risk
management and wager processing for two race heats, a consolation
and a championship round. ELYS performed seamlessly from start to
finish and is now setup for full season operations throughout the
2020 Indian Horse Relay Racing Schedule. On hand for this historic
day were several dignitaries including Chairman Ernie Stevens JR of
the National Indian Gaming Association and Jon Dehler of Fleetwood
Gaming. Also in attendance were key members from tribal gaming
operators throughout the U.S. and Canada with Jay Dustybull of the
BlackFeet Tribe of Montana and Lynn Roanhorse of the Mescalero
Apache Tribe of New Mexico entering the first wagers, and Northern
Winz cashier Ina Fox transacting first wagers on Newgioco’s ELYS
platform.
“We are very proud to have hosted this event at Northern Winz
and wish to thank our many guests and dignitaries that visited
Montana from many parts of the U.S. and Canada for this historic
day. This occasion is just the beginning of significant
developments in tribal gaming and we plan to be at the forefront of
the expansion and modernization of Class I traditional games,”
remarked Raymond (Jazz) Parker, General Manager of Northern Winz
Casino. “We have been looking for a company that would work with
our communities for a very long time and are grateful to have found
a team with Newgioco that has worked so hard to gain our confidence
and promote our partnership.”
“We are extremely honored to have played such a significant role
in this special day for Northern Winz Casino and tribal gaming
throughout the U.S.,” stated Newgioco CEO Michele (Mike)
Ciavarella. “Our technology and risk management teams at Odissea
worked tirelessly to customize our platform for the Class 1 Indian
Horse Relay race and to ensure that the day was a huge success for
Northern Winz and the Rocky Boy community. We look forward to
working with the many tribal gaming commissions throughout the U.S.
to bring wagering on traditional games to a safe and entertaining
environment.”
About Newgioco Group, Inc.
Newgioco Group, Inc., is a global leisure gaming technology
company, with licensed online and land-based gaming operations and
innovative betting technology platforms that provide bet processing
for casinos and other gaming operators. The Company conducts its
business under the registered brand Newgioco primarily through its
internet-based betting distribution network on its
website, www.newgioco.it as well as in retail
neighborhood betting shops throughout Italy.
Newgioco offers clients a full suite of leisure gaming products
and services, such as sports betting, virtual sports, online
casino, poker, bingo, interactive games and slots. Newgioco also
owns and operates innovative betting platform software providing
both B2B and B2C bet processing for casinos, sports betting and
other online and land-based gaming operators. Additional
information is available on our corporate website
at www.newgiocogroup.com.
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 includes
statements regarding the Company working with the tribal gaming
commissions throughout the U.S. to bring wagering on traditional
games to a safe and entertaining environment. 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
including the ability of the Company to work with tribal gaming
commissions throughout the U.S. to bring wagering on traditional
games to a safe and entertaining environment, and the risk factors
described in our Annual Report on Form 10-K for the year ended
December 31, 2018 and subsequent filings with the U.S. Securities
and Exchange Commission, including subsequent periodic reports on
Forms 10-Q and 8-K. The information in this release is provided
only as of the date of this release, and we undertake 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.
For further information, please contact:
Newgioco Group, Inc.
Michele Ciavarella, Chief Executive Officer
investor@newgiocogroup.com