Elys Adds Third Sportsbook Location in Washington, D.C.
October 10 2023 - 8:00AM
Elys Game Technology, Corp. (“Elys” or the “Company”)
(Nasdaq: ELYS) (BER:3UW), an interactive gaming and sports
betting technology company, today announced the expansion of its
footprint in Washington, D.C. with the addition of a third
sportsbook location, Grand Central Sportsbook on H Street. The new
location builds on the success of both the Grand Central Restaurant
and Sportsbook and the Cloakroom Gentlemen’s Club Over Under
Sportsbook Lounge, which have been operating successfully in the
nation’s capital.
Since the inaugural launch of the small business
sportsbook at the Grand Central Restaurant and Sportsbook in
October 2021, Elys has been actively seeking opportunities for
program expansion. This proven model, which has achieved wide
success in Europe, is steadily gaining momentum in the United
States. As the sports betting landscape evolves, and more states
embrace the small business sportsbook concept, Elys is positioned
to capitalize on the burgeoning market.
“The small business model presents a compelling
opportunity as it offers customers convenient access to betting on
their favorite sports while enjoying a night out at their local
social establishment," said Michele Ciavarella, Executive Chairman
of Elys Game Technology, Corp. “We are buoyed by industry trends in
the United States and believe that as more states adopt this model,
we can rapidly expand our customer base with minimal upfront
costs.”
Grand Central Sportsbook on H Street, located at
625D H Street NE in Washington, D.C., is expected to open in Q4 -
2023. Commencement of sports wagering at Grand Central Sportsbook
is subject to final approval by the DC Office of Lottery and Gaming
(DCOLG).
About Elys Game Technology,
Corp.Elys Game Technology, Corp. is a global gaming
technology company operating in multiple countries worldwide. Elys
offers its clients a full suite of omnichannel leisure gaming
products and services, such as online sports betting, e-sports,
virtual sports, online casino, poker, bingo, interactive games, and
online slots on a B2C basis in Italy and has B2B operations in five
states as well as the District of Columbia in the U.S. market. The
Company provides sports betting software, online casino software,
services for commercial and tribal casinos, retail betting
establishments, and franchise distribution networks.
Elys' vision is to become a global leader in the
gaming industry through the development of pioneering and
innovative online casino software. Additional information is
available on our corporate website at www.elysgame.com.
Investors may also find us on Twitter @ELYS5D;
Instagram @elys5d; LinkedIn Elys America; YouTube @Elys5D; and on
Facebook @Elys5D.
Forward-Looking StatementsThis
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 Elys.
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
risk factors described in the Company’s Annual Report on Form 10-K
for the year ended December 31, 2022, 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.
Investor Contact:Tom Colton and Alec
WilsonGateway Group, Inc.949-574-3860ELYS@gateway-grp.com
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