Elys Game Technology Partners with District Hospitality To Expand Restaurant Sportsbooks in Washington, DC
June 01 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, today announced the agreement to operate the
BetDupont, LLC (BetDupont) sportsbook with District Hospitality,
LLC (District Hospitality) located at 1813 M St. NW in Washington
D.C.
BetDupont, situated in the prestigious Dupont Circle area of
Washington, DC, is a chic lounge bar featuring table and cigar
service and full-service Mediterranean/American fusion dining
experience. The location is heralded as one of Washington’s
premiere lounges easily accessible from all areas of DC, Maryland
and Virginia.
If successfully licensed, the partnership with District
Hospitality would represent the Company’s fourth execution of its
restaurant sportsbook solution. Elys launched its small business
strategy to place a white label sportsbook in restaurants and bar
venues at the Grand Central Restaurant and Sportsbook in the Adams
Morgan area of Washington, DC. The agreement has an initial term of
three years from the date of issuance of the license with two
possible extensions of 2 years each.
“We are delighted to partner with District Hospitality to
operate BetDupont in the Dupont Circle area of Washington, DC. and
look forward to continuing our sportsbook expansion within
restaurants and bars in DC and neighboring states over the coming
months,” commented Michele Ciavarella, Elys Executive Chairman.
“This model puts Elys in the enviable position of being able to
scale up rapidly with low incremental installation costs and brings
a unique experience to small business entrepreneurs that can
leverage their established customer relationships and drive
economic opportunities in grass roots businesses.”
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 the partnership with District Hospitality
representing the Company’s fourth execution of its restaurant
sportsbook solution, partnering with District Hospitality to
operate BetDupont in the Dupont Circle area of Washington, DC.,
continuing our sportsbook expansion within restaurants and bars in
DC and neighboring states over the coming months, scaling up
rapidly with low incremental installation costs, bringing a unique
experience to small business entrepreneurs that can leverage their
established customer relationships and driving economic
opportunities in grass roots businesses. 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 execute its fourth
restaurant sportsbook solution, the Company’s ability to operate
BetDupont in the Dupont Circle area of Washington, DC., the
Company’s ability to continue its sportsbook expansion within
restaurants and bars in DC and neighboring states over the coming
months, the Company’s ability to scale up rapidly with low
incremental installation costs, the Company’s ability to bring a
unique experience to small business entrepreneurs that can leverage
their established customer relationships and drive economic
opportunities in grass roots businesses, and the risk factors
described in the Company's Annual Report on Form 10-K for the year
ended December 31, 2021 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/20220601005233/en/
Elys Game Technology, Corp. Michele Ciavarella, Executive
Chairman Tel: 1-628-258-5148 Email: m.ciavarella@elysgame.com
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