Elys Game Technology Enters Into Definitive Agreements With Lottomatica S.p.A.
April 06 2022 - 8:30AM
Business Wire
Elys Game Technology, Corp. (“Elys” or the “Company”)
(Nasdaq:ELYS) (BER:3UW), an interactive gaming and sports betting
technology company, is pleased to announce the entry into
definitive agreements (the “Agreements”) with Lottomatica S.p.A.
(“Lottomatica”).
Under the terms of the Agreements, Elys will license a
customized sportsbook platform (the “Product”) for Lottomatica for
its B2C activities, with a main focus on the North American
market.
Elys expects to obtain land-based license rights through an
ancillary agreement that will expand its land-based distribution in
the Italian market ahead of the anticipated federal license
renewals in Italy. Elys also plans to submit its land-based
technology for certification to the Italian regulator for
land-based operation in Italy.
“We are very pleased to have reached the Agreements with
Lottomatica allowing Elys to accelerate its digital and mobile
channel development for Canadian and U.S. markets,” stated Michele
Ciavarella, Executive Chairman of Elys Game Technology. “This
milestone relationship for Elys is the outcome of our investments
in technology and human capital specializing in B2C intelligence
facing sports bettors in the robust Italian market as well as the
integration of dedicated bookmaking experience in the highly
competitive and fast growing U.S. market with the USBookmaking
acquisition. We see this relationship as an opportunity to position
Elys’ technology as the leading sports betting technology in our
industry, and to combine the experience and brand strength of
Lottomatica with our cutting-edge platform to challenge for a top
spot in the expanding North American markets.”
Mr. Ciavarella continued, “Collectively, the Agreements along
with our prior deployments, establish Elys as a fully regulated
omni-channel solution for both land-based and mobile operators
seeking a proven, end-to-end sportsbook solution. As set out in our
June 2019 Pathway-to-Profitability and go-to-market plan, Elys sees
2022 as a breakthrough year, with the conversion of investments in
our Elys Gameboard technology and talent both in Europe and North
America into revenue and potential profits for years ahead.”
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 as well as the District of Columbia 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 anticipated federal license renewals in Italy,
submitting Elys’ land-based technology for certification to the
Italian regulator for land-based operation in Italy, accelerating
channel development for Canadian and U.S. markets, positioning
Elys’ technology as the leading sports betting technology in the
industry, combining the experience and brand strength of
Lottomatica, challenging for a top spot in the expanding North
American markets, 2022 being a breakthrough year, and converting of
investments in technology and talent into revenue and potential
profits. 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 renew its federal license in Italy, the
Company’s ability to submit its land-based technology for
certification to the Italian regulator for land-based operation and
accelerate channel development for Canadian and U.S. markets, the
Company’s ability to position Elys’ technology as the leading
sports betting technology in the industry and challenge for a top
spot in the expanding North American markets, the Company’s ability
to convert of investments in technology and talent into revenue and
potential profits, 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/20220406005671/en/
Elys Game Technology, Corp. Michele Ciavarella, Executive
Chairman Tel: 1-628-258-5148 Email: m.ciavarella@elysgame.com
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