Elys Game Technology Submits Betting Platform for Certification Ahead of New Jersey Deployment
January 26 2022 - 8:00AM
Business Wire
Transactional Waiver is a key regulatory step
towards official launch with partner Ocean Casino Resort
Elys Game Technology, Corp. (“Elys” or the
“Company”) (Nasdaq:ELYS)(BER:3UW), an interactive gaming and
sports betting technology company, announced today that it has
submitted its U.S. Gameboard sports betting platform for
certification to the New Jersey Division of Gaming Enforcement, and
has applied for a Transactional Waiver which once approved would
permit the Company to begin installation procedures in the
state.
The procedures are a vital step in the Company’s partnership
through its wholly owned subsidiary, US Bookmaking, with Ocean
Casino Resort in Atlantic City, NJ.
Michele Ciavarella, Executive Chairman of Elys Game Technology,
commented, “We are continuing to put full measures in place towards
our launch with Ocean Casino Resort located in the heart of
Atlantic City, and submission of our platform for certification to
the New Jersey Division of Gaming Enforcement is a key milestone in
achieving this objective. Our anticipated entry into New Jersey
builds on our multi-pronged revenue strategy of expansion into the
traditional casino business, development of the small business
sportsbook market, and growth of the mobile i-Gaming market.”
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 the application for a Transactional Waiver
which would permit the Company to begin installation procedures in
New Jersey, and the entry into Ocean Casino Resort will build on
its multi-pronged revenue strategy. 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 obtain a
Transactional Waiver as expected, beginning installation procedures
in New Jersey as planned, and the entry into Ocean Casino Resort
will building on its multi-pronged revenue strategy 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/20220126005415/en/
Company Contacts: 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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