Elys Game Technology enters into definitive agreements with Lottomatica SpA
NEW YORK–(BUSINESS WIRE)–Elys Game Technology, Corp. (“Elys” or the “Company”) (Nasdaq: ELYS) (BER: 3UW), an interactive gaming and sports betting technology company, is pleased to announce that it has entered into definitive agreements (the “Agreements”) with Lottomatica SpA (“Lottomatica”).
Under the terms of the agreements, Elys will license a custom sports betting platform (the “Product”) to Lottomatica for its B2C business, with a primary focus on the North American market.
Elys plans to secure terrestrial license rights through an ancillary agreement that will expand its terrestrial distribution in the Italian market ahead of planned federal license renewals in Italy. Elys also plans to submit its terrestrial technology for certification to the Italian regulator for terrestrial operation in Italy.
“We are very pleased to have entered into the agreements with Lottomatica allowing Elys to accelerate the development of its digital and mobile channel for the Canadian and American markets,” said Michele Ciavarella, Executive Chairman of Elys Game Technology. “This historic relationship for Elys is the result of our investments in technology and human capital specializing in B2C intelligence in the face of sports bettors in the robust Italian market as well as the integration of a dedicated bookmaking experience in the American market. highly competitive and rapidly growing with the USBookmaking acquisition.We see this relationship as an opportunity to position Elys’ technology as the leading sports betting technology in our industry, and to combine the experience and brand strength of Lottomatica with our industry-leading platform to fight for a top spot in expanding North American markets.”
Mr. Ciavarella continued, “Collectively, the agreements along with our previous deployments make Elys a fully regulated omnichannel solution for landline and mobile operators looking for a proven end-to-end sports betting solution. As outlined in our June 2019 Pathway-to-Profitability and go-to-market plan, Elys sees 2022 as a breakthrough year, with the conversion of investments in our Elys Gameboard technology and talent in Europe and North America into numbers. business and potential. benefits for years to come.
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 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.
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 which are intended to identify forward-looking statements and include statements regarding planned federal license renewals in Italy, submitting Elys’ land technology for certification to the Italian regulator for land operations in Italy, accelerating channel development for the Canadian and US markets, positioning Elys’ technology as the industry-leading sports betting technology, combining Lottomatica’s experience and brand strength, challenging for a prominent place in n expanding North Americans, with 2022 being a breakthrough year, and converting investments in technology and talent into potential revenue and profits. 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, among others, the Company’s ability to renew its federal license in Italy, the Company’s ability to submit its terrestrial technology for certification to the Italian regulator for land operations and accelerating the development of channels for the Canadian and US markets, the company’s ability to position Elys’ technology as the leading sports betting technology in the industry and to fight for a strong position in growing North American markets, the company’s ability to convert its investments in technology and talent into potential revenue and profits, the duration and extent of the COVID-19 outbreak around the world , including the impact on national and local economies, and the risk factors described in the company’s annual report on formai re 10-K for the 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.