Michele Ciavarella to continue as Executive
Chairman
Elys Game Technology, Corp. (“Elys” or the “Company”)
(Nasdaq:ELYS), an interactive gaming and sports betting
technology company, today announced the appointment of Matteo
Monteverdi as Chief Executive Officer, effective January 1, 2021.
Mr. Monteverdi served as an independent strategic advisor to the
Company since March 2020, and in September 2020 was appointed
President. Michele Ciavarella will continue in his current role as
Executive Chairman of the Company.
Matteo has been leading world-class B2B and B2C teams in the
technology and digital industry for over 20 years between Silicon
Valley and Boston. He spent the last decade of his career at the
intersection of social gaming, digital betting, i-gaming and media
working for international organizations in high growth segments.
Prior to joining Elys, Mr. Monteverdi served as the US President of
Sportradar, a global leader in real-time sports data and analytics,
where he led the strategic direction of the company in the newly
regulated US betting market. He was a key contributor in signing
exclusive distribution deals with the NBA, NFL and MLB while
turning around the company’s US media products and business. From
2015 to 2018, he served as SVP Global Digital Products for
International Gaming Technology (NYSE: IGT), where he led the real
money and social gaming global businesses. Mr. Monteverdi played a
pivotal role in the $6 billion acquisition of IGT by GTECH by
integrating and accelerating the combined digital businesses,
positioning the new organization as the prime digital gaming B2B
player in US.
While at GTECH (MIB: GTK), the largest B2C lottery operator in
the world and leading gaming technology provider based in Rome and
Boston, he covered the roles of SVP of Sales and Trade Marketing,
President of the Digital & Sport Betting Unit and SVP iGaming
and iLottery B2B Products.
Mr. Monteverdi also served as Entrepreneur-in-Residence and
Venture Partner at Innogest Capital, an early-stage Venture Capital
firm, and worked as VP Products and Marketing for Promptu Systems,
a mobile SW voice recognition and AI company co-located in SRI
(Stanford Research Institute).
Mr. Monteverdi holds an MBA from SDA Bocconi, a Law Degree from
Milan University, and a specialization in Marketing from Stanford
Graduate Business School.
“We are honored to welcome one of most accomplished and
recognized gaming executives in the industry to our team,” stated
Michele (Mike) Ciavarella, Chairman and CEO of Elys Game
Technology, Corp. “Matteo brings over 20 years of industry
experience, including an amazing track record in the betting,
gaming and technology sectors. In the short time since joining the
Company, he has already demonstrated his leadership and continuous
innovation. We believe his experience in driving organic revenue
growth, combined with his background in M&A, will help
accelerate growth in both our online and land-based retail
channels.”
Mr. Monteverdi commented, “Over the past 9 months, I have had an
opportunity to fully immerse myself with the Elys team, customers,
and technologies. I can confidently state that Elys has built a
first-class operation with a strong product foundation and has
tremendous potential waiting to be unleashed. Given the convergence
of shifts in the US regulatory landscape and technological
innovation, Elys is positioned to capitalize on emerging trends as
sport betting evolves into new forms of entertainment at the
intersection of media and gaming. The Company offers a
differentiated omni-channel framework that provides a distinct
competitive advantage in this market. Overall, I believe Elys has
the potential to become a market leader and capture a significant
share of the i-gaming and sports betting markets in Europe and the
Americas.”
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. The Company has completed the product
regulatory requirements to commence B2B operations in the United
States. 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 accelerating growth in both our online and
land-based retail channels, and potential to become a market leader
and capture a significant share of the i-gaming and sports betting
markets in Europe and the Americas. 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 contribution of Mr. Monteverdi to the
Company, the Company’s ability to accelerate growth in both its
online and land-based retail channels, and ability to become a
market leader and capture a significant share of the i-gaming and
sports betting markets in Europe and the Americas as believed, the
duration and scope of the COVID-19 outbreak worldwide, including
the impact to the 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, 2019 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/20201125005670/en/
Crescendo Communications, LLC David Waldman Tel: (212) 671-1020
Email: elys@crescendo-ir.com
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