Elys Game Technology Enters Virtual Sports Retail Distribution Agreements

NEW YORK, May 09, 2022–(BUSINESS WIRE)–Game Technology, Corp.” class=”link “>Elys Game Technology, Corp. (“Elys” or the “Company”) (Nasdaq:ELYS)(BER:3UW), an interactive gaming and sports betting technology company, today announced that the Company has entered into retail distribution agreements for deploy sound Limited virtual generation (“VG”) virtual sports betting and entertainment products throughout Italy.

The deal is expected to place VG products in approximately 5,000 outlets operated by both Multigioco subsidiary and other licensed operators in the Italian market that would allow customers to bet on a variety of high definition virtual sporting events such as pre-recorded greyhound and horse racing, virtual horse racing and Italian league play football virtual. With these deployments in the robust regulated Italian market in addition to games such as Virtual English League Football, Keno, Colors, American Roulette and others specifically developed for localized markets, VG now operates extensively in over 110 global markets. The company’s goal is to generate accretive organic incremental revenue of approximately $5-7 million per year from our virtual product suite.

“We expect our investments in Virtual generation to quickly become profitable with deployments in multiple regulated markets including Europe, US and Canada, Africa, Asia and in April 2020, VG became the first certified online virtual gaming provider through Newgioco Colombia based in Bogota, and is now one of the leading localized virtual sports product providers in South America,” said Michele Ciavarellaexecutive chairman of Elys. “VG’s efficient mathematical algorithm and certified random number generator technology could offer our retail partners a superior economic proposition and flexibility compared to many peer competitors in the space, while the technology stack highly versatile is perfectly suited to serve all potential operator segments through web and mobile applications as well as land-based client and desktop solutions.VG’s pipeline of new virtual sports interfaces and graphical development continues to impress potential customers, and we believe that our competitive advantages are key differentiators that could drive the rapid adoption and global growth of our virtual sports products in the coming years.The growth of our virtual product offering should complement our expansion of Elys sports betting on the markets of US and Canadian bets and quickly contribute to our roadmap and profitability schedule.

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.

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”, “” intend”, “estimate”, “expect”, “may”, “continue”, “predict”, “potential”, “project” and similar expressions intended to identify forward-looking statements and include statements regarding VG products in approximately 5,000 points of sale in Italy, the company’s objective of generating accretive organic incremental revenues of approximately $5-7 million per year from our virtual product suite, the investments of the company in Virtual Generation should pay off quickly, offering our retail partners a superior economic proposition and flexibility compared to many peer competitors, perfect technology stack t tailored to serve all potential operator segments, with our competitive advantages being key differentiators which could drive the rapid adoption and global growth of our virtual sports products, the growth of our virtual product offering which should complement our expansion of Elys Sportsbook and the rapid contribution to our roadmap and profitability schedule. 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 place VG products in approximately 5,000 retail locations in Italy, the Company’s ability to generate accretive organic incremental revenue of approximately $5-7 million from our virtual product suite each year, the Company’s ability to quickly realize a return on our investments in Virtual Generation, the Company’s ability to offer our retail partners a economics and flexibility superior to many competitors, the Company’s ability to adapt to all potential operator segments, the Company’s belief that our competitive advantages are key differentiators that could drive the rapid adoption and the global growth of our virtual sports products, the capacity of virtual product offerings the company’s virtual products to complement our Elys sports betting expansion and the ability of the company’s virtual products to quickly contribute to our profitability the security roadmap and timeline, as well as the risk factors described in the company’s annual report 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 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.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220509005381/en/

contacts

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


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