Elys Game Technology Receives Approval to Operate Sportsbook at Ocean Casino Resort in Atlantic City
March 01 2022 - 9:00AM
Business Wire
Ocean sportsbook represents a key inflection
point for Elys’ North American strategy
Elys Game Technology, Corp. (“Elys” or the “Company”)
(Nasdaq: ELYS) (BER:3UW), an interactive gaming and sports
betting technology company, is pleased to announce that the joint
petition of Ocean Casino Resort (“Ocean”) and Bookmakers Company
US, LLC (“USBookmaking”), a wholly owned subsidiary of Elys, (the
“Joint Petition”) has been approved for a term of six months from
the date of the order of the New Jersey Division of Gaming
Enforcement’s (“NJDGE”) Regulatory Enforcement Bureau dated
February 25, 2022 (the “Order”).
The Order is subject to the continued approval of all product
submissions by the NJDGE’s Technical Service Bureau as authorized
by the issuance of an Approval Letter by the Director and subject
further to the representations contained within the Joint Petition.
The approval is further subject to each new product submission’s
approval as required by the NJDGE’s Technical Service Bureau.
Pursuant to the Order, the Company expects to commence sports
betting transactions in the temporary lounge situated at Ocean at 1
p.m. EST on Tuesday, March 1, 2022.
“Atlantic City is one of the top sports betting and resort
destinations in the country and Ocean is one of the most
prestigious properties in the area,” stated John Salerno, Director
of Operations of USBookmaking. “We are delighted to begin our
commercial partnership today with Ocean and their professional
leadership and operational teams, and we also look forward to
bringing new and unique sports betting products and services to New
Jersey players.”
“We are very proud of our engineering and deployment teams at
Odissea and USBookmaking for developing and delivering the new
sportsbook platform at Ocean on-time while meeting the rigorous
standards of the NJDGE Technical Service Bureau,” commented Michele
Ciavarella, Executive Chairman of Elys Game Technology. “We plan to
continue to work closely with the NJDGE in expanding our
operational footprint and product diversification and believe that
the soft launch today at Ocean is a key inflection point for our
expansion in North America and a key component of our growth
strategy within other casinos and partnerships with small
businesses, as well as further development of the Company’s mobile
platforms in 2022.”
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 in
five states in the U.S. market. Elys’ vision is to become a global
leader in the gaming industry through the development of pioneering
and innovative technology.
The Company provides wagering solutions, 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 commencing sports betting transactions on
Tuesday, March 1, 2022, bringing new and unique sports betting
products and services to New Jersey players, working with the NJDGE
to expand our operational footprint and product diversification,
Ocean being a key inflection point for our expansion in North
America and component of our growth strategy in 2022. 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, commencing sports
betting transactions on Tuesday, March 1, 2022 as expected,
bringing new and unique sports betting products and services to New
Jersey players as planned, working with the NJDGE to expand our
operational footprint and product diversification as planned, Ocean
being a key inflection point for our expansion in North America and
component of our growth strategy in 2022 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/20220301005784/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
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