Elys Game Technology Comments on BC Lottery Commission Restaurant and Bar Pilot Project

Elys’ Extensive Experience Running Small Business Sportsbooks Commends BCLC Initiative

NEW YORK, NY/ACCESSWIRE/February 22, 2022/Elys Game Technology, Corp. (“Elys” or the “Company”) (Nasdaq: ELYS) (BER: 3UW)an interactive gaming and sports betting technology company, today announces the January 2022 results of its initial small business sports betting facility at the Grand Central Restaurant (“Grand Central”) in Washington D.C. and provides comments regarding the Canada’s British Columbia Lottery Commission (“BCLC”) restaurant and bar pilot program.

January 2022 was another successful month at Grand Central with a steady reading of over 12,000 tickets processed and positive sportsbook holdback with an expected seasonal reduction in the handle and GGR.

Results from October 2021 to January 2022

October

November

December

January

betting tickets

2,508

7,951

12,661

12,691

To manage

$207,355

$494,998

$735,386

$597,553

Payments

$164,497

$427,923

$643,596

$525,615

GGR*

$42,858

$67,075

$91,790

$70,737

Hold

20.67%

13.55%

12.48%

11.84%

*Gross Gaming Revenue

“Elys compliments BCLC’s initiative to study legalized and regulated sports betting in restaurants and bars and similar small businesses. This pilot project is a critical step forward in expanding small business sports betting to across North America. Elys has been operating small business sports betting for over 20 years in Italy and actively supporting the segment in the United States and Canada since 2014,” said Michele Ciavarella, Executive Chairman of Elys. “Using this extensive experience, we have developed our technology to install a turnkey, lean and affordable solution with a highly skilled bookmaking team that could potentially drive traffic to our small business partners, as evidenced by early results at Washington DC. We believe that consistent ticket counts at Grand Central imply potential growth in visitor numbers that could improve core product sales for the business, and that the GGR reflects ancillary revenue that could be derived from sports betting and a source of voluntary tax revenue for the states and provinces where this small business application is approved.”

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 operates in five states in the US 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.

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. Such statements are identified by the use of the words “may”, “believe”, “anticipate”, “have intend”, “estimate”, “expect”, “may”, “continue”, “predict”, “potential”, “project” and similar expressions intended to identify forward-looking statements and include statements regarding the expansion of small commercial sports betting across North America, driving traffic to our partners, enhancing core product sales, potential ancillary revenue from sports betting, and a source of voluntary tax revenue for states and provinces. 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 statement. Important factors that could cause actual results to differ materially from current expectations include, but are not limited to, the expansion of small business sportsbooks in North America, the ability to drive traffic to our partners and ‘enhance commodity sales as expected, potential ancillary revenue derived from sports betting and source of voluntary tax revenue for states and provinces as expected, the duration and extent of the COVID-19 outbreak in the world, including the impact on state and local economies, and the risk factors described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and its subsequent filings with the United States Securities and Exchange Commission, including subsequent periodic 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.

contacts:

Elys Game Technology, Corp.
Michèle Ciavarella, Executive President
Tel: 1-628-258-5148
Email: [email protected]

Investor contacts:

KCSA Strategic Communications
Valter Pinto or Jack Perkins
Tel: 1-212-896-1254
Email: [email protected]

THE SOURCE: Elys Game Technology, Corp.

See the source version on accesswire.com:
https://www.accesswire.com/689793/Elys-Game-Technology-Comments-on-British-Columbia-Lottery-Commission-Restaurant-and-Bar-Pilot


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