Elys Game Technology and Grand Central Restaurant and Bar announce official opening date of October 4, 2021
WASHINGTON–(COMMERCIAL THREAD) – Elys Game Technology, Corp. (“Elys” or the “Company”) (Nasdaq: ELYS) (NEO: ELYS), an interactive gaming and sports betting technology company, and Grand Central LLC (“Grand Central”), an independent operator of Grand Central Restaurant & Bar located in the Adams Morgan neighborhood of Washington, DC, today announced the official opening date of October 4, 2021 for customers to place real money sports bets on the restaurant’s premises.
As previously announced, in connection with the District of Columbia’s Office of Lottery and Gaming (OLG) granting a Class B Operator’s License at Grand Central to operate a bookmaker within the Grand Central Restaurant & Bar and licensed management services provider for the Company, and with US Bookmaking advising on risk management and bookmaking services, the Company will begin licensed sports betting operations in the United States with the event opening.
“This moment has been eagerly awaited by our entire team and shareholders for nearly three years and we are very happy to share this milestone with Brian Vasile and the Grand Central team, as well as all of our CBE partners and companies. in Washington, DC, who were instrumental not only in preparing our technology and delivering our products, but also in training staff and diligently planning for a successful opening, ”commented Michele Ciavarella , executive chairman of Elys Game Technology. “We expect that Grand Central and the integration of legalized sports betting operations within the restaurant can be a valuable model for many other small businesses across North America and provide an important live location to Elys to showcase their world-class, end-to-end business. end sports betting technology and services also to casino operators, restaurant chains and other small entrepreneurs. Additionally, we hope the venue can serve as a model for regulators in the United States and Canada to see how this turnkey solution could be applied in their jurisdictions to help spur economic development at the local level and invite all of our friends. and our valued shareholders to experience our new US-oriented products and services at the Grand Central Restaurant and Bar.
Elys is currently operational in online and retail channels throughout Italy through approximately 1,200 online stores and now has a presence in North America with 6 tribal casino customers. The Company plans to process sports betting offer requests through its state-of-the-art betting platform at large and small casinos and independent business locations in the United States and Canada, which represents one of the opportunities most interesting long-term growth plans for Elys. OLG’s interim standard management service provider license granted to the Company expires August 26, 2022.
The Sports Wagering Lottery Amendment Act of 2018 legalized sports betting in the District of Columbia and became law on May 3, 2019. OLG regulates private sports betting throughout the district, authorizing and monitoring these operations and their related providers. games to ensure their compliance. with applicable district and federal laws.
About Grand Central, LLC
Grand Central Restaurant & Bar, located at 2447 18th Street, NW, Washington, DC, is an independent grill bar founded in 2007. The establishment is well known for its classic American pub food and sports television shows. Food service hours are 11:00 a.m. to 2:00 a.m. Sunday through Thursday and 11:00 a.m. to 3:00 a.m. Friday and Saturday, while Grand Central sports betting will be open seven days a week from 10:00 a.m. to 1:00 a.m.
Additional information is available on the Grand Central website at www.grandcentraldc.com and can be followed on Twitter and Instagram at @grandcentraldc.
About Elys Game Technology, Corp.
Elys Game Technology, Corp., is a global B2B game technology company operating in multiple countries around the world, with B2C online and land-based gaming operations in Italy. In Italy, Elys offers its customers a full range of leisure gaming products and services, such as sports betting, e-sports, virtual sports, online casino, poker, bingo, interactive games and slot machines.
The Company’s innovative betting solution serves online operators, casinos, retail betting establishments and franchise distribution networks. Additional information is available on our corporate website at www.elysgame.com.
Investors can also find us on Twitter @ELYS_gaming.
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 “may”, “believe”, “anticipate”, “” Intend “,” estimate “,” expect “,” may “,” continue “,” anticipate “,” potential “,” plan “and similar expressions intended to identify forward-looking statements and include statements regarding an opening date of October 4, 2021 for customers to place real money sports bets within the Grand Central Restaurant & Bar, commencing licensed sports betting operations in the United States on October 4, 2021 with the opening event, the integration of legalized sports betting operations within the restaurant being a valuable model for many other small businesses in North America, with the venue providing a live venue i Important for showcasing the company’s sports betting technology and services to casino operators, restaurant chains and other small business entrepreneurs, with the site serving as a model for regulators in the United States and Canada to spur development economically at the local level and plans to process requests for sports betting offers through the Company’s betting platform at large and small casinos and independent places of business in the United States and Canada. 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 and which could cause results to be achieved. actuals differ materially from current expectations and assumptions from those stated or implied by forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the ability of the Company to launch licensed sports betting operations within the Grand Central Restaurant & Bar on October 4, 2021, the ability of the Company to establish the integration of legalized sports betting operations. in the restaurant as a valuable model for many other small businesses in North America, the company’s ability to establish the site as a model for regulators in the US and Canada, the company’s ability to offer betting sports via its betting platform to large and small casinos and independent business venues in the United States and Canada as expected, the duration and extent of the COVID-19 epidemic around the world, including the impact on national 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 United States Securities and Exchange Commiss ion , including subsequent periodic reports on Form 10-Q and current reports on Form 8-K. The information in this press release is provided only as of the date of this press release, and the Company assumes no obligation to publicly update or revise 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 unforeseen events, except as required by law.