Elys Game Technology Partners With Minority Owned All Bets Inc. To Expand Washington, D.C. Operations
April 12 2022 - 8:00AM
Business Wire
Elys Game Technology, Corp. (“Elys” or the “Company”)
(Nasdaq:ELYS) (BER:3UW), an interactive gaming and sports betting
technology company, announced today a partnership with All Bets
Inc. to establish allBETS DC One (“allBETS DC”) and operate a
sportsbook planned to open at 821 Upshur St. NW, in Washington,
D.C. The Company’s subsidiary, USBookmaking (“USB”), will provide
sport wagering services to manage the sportsbook risk and provide
trading services.
Following the successful launch of Grand Central Restaurant and
Sportsbook, in the Adams Morgan area, and with the Cloakroom DC
currently in regulatory review, the partnership with allBETS DC
would represent the Company’s third implementation of its strategy
to offer a turn-key sportsbook solution in non-conventional
locations such as restaurant and bar venues in Washington, DC. And,
if awarded a license, allBETS DC is believed to be a groundbreaking
venture by an African-American woman owned sports wagering
business.
“We are delighted to join forces with the team at allBETS DC,
led by pioneering entrepreneur Stacie Whisonant and are quite
honored to support minority owned enterprises and women run
sportsbooks as we continue our coast-to-coast expansion focused on
North America,” stated Michele Ciavarella, Elys Executive Chairman.
“We firmly believe that the unique architecture of our technology
gives us an effective, one-of-a-kind sportsbook solution to deploy
in small businesses such as restaurants, bars, coffee shops, and
other similar establishments. Our solution could drive ancillary
revenue streams, employment opportunities and could foster
complimentary activity where restaurants and bars across the
country can leverage existing customer relationships and offer a
sportsbook product that their customers desire. Elys encourages
diversity in sports wagering opportunities and believes that
allBETS DC could potentially be a forerunner for success and a role
model for aspiring entrepreneurs to follow this progression.”
“This journey, that started for me in 2018, included many days
of endless research and became a reality in the spring of 2022. I
am proud to partner with Elys/USB, and along with the community
business framework provided by DCOLG and DSLDB in Washington, this
agreement structure allowed me the opportunity to enter into and
embark upon the Class B model sports wagering industry with the
comfort of training wheels,” Stacie Whisonant, CVO/Founder of
allBETS. “I am excited and grateful for this momentous opportunity,
but I was also anxious about the possibilities. My confidence has
been reassured by partnering with the professionals at Elys/USB in
that they could provide the support that's needed to ensure the
overall success and expansion of our allBETS business
relationships.”
About All Bets Inc.
All Bets Inc, founded by Stacie Whisonant, is a boutique
consulting firm focusing on strategic diversity, equity &
inclusion (DEI) and digital transformations through a borderless
high-tech social betting platform. All Bets works on high growth
and emerging industries ensuring that we bring the diversity edge
into these new sectors. The organization is proudly female-centric
and invite women to engage, learn and enjoy in the betting space in
a “Learn and Earn” model. The goal for All Bets is to become the
first female, African American and veteran-owned sports betting
operation in the U.S. connecting women and minority run businesses
across the nation.
Follow allBETS on Twitter @allbetsHQ
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 planned sportsbook operations at 821 Upshur St
NW, in Washington D.C, the Company’s third implementation of its
strategy to offer a turn-key sportsbook solution in
non-conventional locations, a groundbreaking venture by an
African-American woman owned sports wagering business, the unique
architecture of our technology giving us an effective,
one-of-a-kind sportsbook solution, ancillary revenue streams,
employment opportunities and fostering complimentary activity,
allBETS could potentially being a forerunner for success, and
providing support that's needed to ensure the overall success and
expansion of allBETS business. 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 open sportsbook
operations at 821 Upshur St NW, in Washington D.C. as planned, the
Company’s ability to implement the third turn-key sportsbook
solution in non-conventional locations as anticipated, the
possibility of an African-American woman owned sports wagering
business to be groundbreaking as believed, the ability of the
Company’s unique technology architecture to give an effective,
one-of-a-kind sportsbook solution as believed, the ability of the
Company’s solution to drive ancillary revenue streams, employment
opportunities and foster complimentary activity as expected, the
ability for allBETS to potentially be a forerunner for success as
expected, the Company’s ability to provide the support that's
needed to ensure the overall success and expansion of allBETS
business 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/20220412005490/en/
Elys Game Technology, Corp. Michele Ciavarella, Executive
Chairman Tel: 1-628-258-5148 Email: m.ciavarella@elysgame.com
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