Elys Game Technology Announces Partnership to Provide Sports Betting Services to Top Hat Sports Bar & Grill in Maryland
NEW YORK, NY, Oct. 10, 2022 (GLOBE NEWSWIRE) — Elys Game Technology, Corp.. (“Elys“or the Company”) (Nasdaq: ELYS), an interactive gaming and sports betting technology company, today announced a partnership with Bookmakers, LLC to provide land-based sports betting services within the Top Hat Sports Bar & Grill, located in Parkville, Maryland. Under the agreement, Elys will receive a percentage of all sports betting revenue generated pending final regulatory approval from the Maryland Lottery and Gaming Control Commission.
Karen Senac, owner of Bookmakers, LLC, said, “We are delighted to partner with Elys to provide sports betting services within the Top Hat Sports Bar & Grill located in Parkville, Maryland. Elys’ experience in the market, ease of use for players and regulatory compliance reports are what made bookmakers select and sign with Elys. We expect their “Build-A-Bet” feature to be particularly attractive to our customers. We are excited to bring yet another layer of entertainment to guests of this already busy establishment. I am truly excited to be a part of this progressive program in the state of Maryland and appreciate the support of the Maryland Lottery and Gaming Control Commission in generating new revenue streams to support local businesses.
Michele Ciavarella, Executive Chairman of Elys Game Technology, said, “We are delighted to enter into this partnership with Bookmakers, LLC to provide them with a best-in-class, end-to-end sports betting solution for their customers. Top Hat Sports Bar & Grill, Parkville’s premier pool hall in over three decades, features a sports bar and lounge with multiple flat screen TVs to watch your favorite sports, making it a great place to include our sports betting solution for their customers. . We look forward to working with Karen Senac and the bookmakers team to achieve their inaugural sports betting goals.
“This partnership is another example of our growing traction in the State of Maryland, as well as the willingness of local commercial operators to provide their customers with sports betting as an ancillary product in their establishments. The Maryland Lottery and Gaming The Control Agency recently approved new rules for Maryland sports betting.This agreement follows a similar agreement reached in the state of Maryland with the Rod ‘N’ Reel Resort, which is one of only seven “Class B” named entities in the state of Maryland to guarantee a sports betting license. Add a bookmaker to a local trading operator, such as the Top Hat Sports Bar & Grill, should be a win-win for the establishment, as it could generate a new revenue stream and provide an attractive product and service for their current customers, while potentially allowing establishments to grow their business by attracting new interested customers by the sports betting solution to their sites. We plan to continue to aggressively grow our sales pipeline with additional bars, restaurants and other retail establishments to implement our sports betting solution nationwide,” concluded Mr. Ciavarella.
About Elys Game Technology, Corp.
Elys Game Technology, Corp., is a global B2B gaming technology company operating in multiple countries around the world, with B2C online and land-based gaming operations in Italy. Elys offers its customers a full range of leisure gaming products and services, such as sports betting, electronic sports, virtual sports, online casino, poker, bingo, interactive games and slot machines. in Italy and is present in five states as well as in the District of Columbia in the American market. Elys’ vision is to become a world leader in the gaming industry through the development of pioneering and innovative technology.
The Company provides betting solutions, online operator services, 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. Such statements are identified by the use of the words “may”, “believe”, “anticipate”, “” intend”, “estimate”, “expect”, “may”, “continue”, “predict”, “potential”, “project” and similar expressions which are intended to identify forward-looking statements and include statements regarding the Company’s plans to provide land-based sports betting services within Top Hat Sports Bar & Grill, in Parkville, Maryland, Top Hat Sports Bar & Grill commencing land-based sports betting upon regulatory approval, “Build-A- Bet” being particularly appealing to customers, Top Hat Sports Bar & Grill being a great place to include the company’s sports betting solution for their customers, working with Karen Senac and the team of bookmakers to att achieving their inaugural sports betting goals, adding a sports betting to a local commercial operator being a win-win for the establishment, generating a new revenue stream and providing an attractive product and service, establishments building their business by attracting new new customers interested in the sports betting solution on their sites and the company’s plans to continue to aggressively grow its sales pipeline with additional bars, restaurants and other retail establishments to implement its sports betting solution in all the countries. 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, which could cause actual results differ materially from current expectations and assumptions from those expressed 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 provide land-based sports betting services within Top Hat Sports Bar & Grill, Parkville, Maryland, after regulatory approval as expected, the ability to make “Build-A-Bet” particularly attractive to customers, the ability to generate a new revenue stream and attract new customers interested in the sports betting solution to venues, the Company’s ability to continue to aggressively grow its sales pipeline with additional bars, restaurants and other retail establishments to implement its sports betting solution nationwide, the duration and the extent of the COVID-19 outbreak worldwide, including the impact on national and local economies, and the risk factors described in the annual report of the company on Form 10-K for the fiscal year ended December 31, 2021 and its subsequent filings with the United States Securities and Exchange Commission, including iodic reports on Form 10-Q and current reports on Form 8 -K. The information in this release speaks only as of the date of this release, and the Company undertakes 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.
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