Elys Game Technology Announces Approval to Expand Washington DC Restaurant Sportsbook
February 02 2022 - 8:00AM
Business Wire
Grand Central Restaurant Granted Approval to
Expand Betting Operations.
Elys Game Technology, Corp. (“Elys” or the “Company”)
(Nasdaq: ELYS) (BER:3UW), an interactive gaming and sports
betting technology company, today announces that Grand Central
Restaurant and Sportsbook in Washington D.C. (“Grand Central”) has
been granted approval by the DC Office of Lottery and Gaming,
Regulation and Oversight Division to increase the number of
authorized ticket window terminals and self-service betting kiosks.
The expansion allows for increased traffic to each terminal
improving customer experience and wager velocity.
“Our partnership with Grand Central has been mutually successful
and we are confident that the onboarding rate for our small
business deployment will increase significantly through 2022. Elys’
growth in the small business sector is one part of our
three-pronged approach to drive revenue and expand into the North
American gaming market that includes progress at the Ocean Casino
Resort in Atlantic City and the ongoing development of the
Company’s U.S. digital and mobile channel,” stated Michele
Ciavarella, Executive Chairman of Elys Game Technology. “With our
fast moving U.S. deployment, we have continued to prove our
cutting-edge betting technology by performing well against
recognized industry leaders, and with the strong belief that we
will continue to have a better retention rate, we expect to gain a
stronghold in the U.S. marketplace.”
The Company recently announced significant progressive growth in
betting handle served at Grand Central, situated in the Adams
Morgan district of Washington D.C., the first Class B small
business location of its kind in the U.S. The performance of Elys’
technology and expert trading services through US Bookmaking
reflects the potential economic advantage and employment
opportunities that the model brings to small businesses
establishments.
December 2021
Results
Operator
Wagers
Payouts
Net
Gaming Revenue
Tax
Average
Hold Percentage's
Caesars Sportsbook
$11,357,926.76
$10,785,379.07
$572,583.69
$57,258.37
5.04%
BetMGM
$2,159,639.69
$2,091,025.11
$68,614.58
$6,861.46
3.18%
ELYS/Grand Central
$735,385.80
$643,596.14
$91,789.66
$9,178.96
12.48%
2021 Fiscal Year
Results
Operator
Wagers
Payouts
Net
Gaming Revenue
Tax
Average
Hold Percentage's
Caesars Sportsbook
$44,346,879.95
$39,812,715.84
$4,534,164.11
$453,416.42
10.22%
BetMGM
$5,427,940.27
$5,133,828.54
$294,111.73
$32,503.29
5.42%
ELYS/Grand Central
$1,437,738.49
$1,236,015.49
$201,723.00
$20,172.29
14.03%
Source:
https://www.dclotterysportsbetting.com/financial-reports/december-2021-unaudited/
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. 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 in Italy and has operations
through its wholly owned subsidiary under the US Bookmaking brand
in 5 states in the U.S. market.
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 increased traffic to each terminal improving
customer experience and wager velocity, our onboarding rate for our
small business deployment, belief that we will continue to have a
better retention rate, gaining a stronghold in the U.S.
marketplace, potential economic advantage and employment
opportunities. 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 increase traffic to
each terminal improving customer experience and wager velocity as
planned, onboard small businesses as planned, having a better
retention rate and gaining a stronghold in the U.S. marketplace as
expected, reflect economic advantage and employment opportunities
in small business establishments as expected, 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/20220202005075/en/
Elys Game Technology, Corp. Michele Ciavarella, Executive
Chairman Tel: 1-628-258-5148 Email: m.ciavarella@elysgame.com
Investor Contact: KCSA Strategic Communications Valter
Pinto or Jack Perkins Tel: 1-212-896-1254 Email: ELYS@KCSA.com
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