Elys Game Technology Obtains Conditional License Approval
NEW YORK, NY, Nov. 23, 2022 (GLOBE NEWSWIRE) — Elys Game Technology, Corp. (“Elys” or the “Company”) (Nasdaq: ELYS)(BER:3UW)an interactive gaming and sports betting technology company, today announced that on November 16e the company has obtained conditional approval from the Ohio Casino Control Commission (“OCCC”) for a Type C Sports Gaming Owner’s License for a period of 5 years beginning January 1, 2023. The start of betting transactions in Ohio is subject to obtaining all other certifications and licenses, and is conditioned on the payment of license fees, the continued adequacy of the owner, and the continued maintenance of OCCC compliance requirements for the term of the license.
The company began programming its technology platform to comply with Ohio Lottery wagering compliance specifications and reached an agreement to purchase 100 point-of-sale terminals and 100 wagering terminals self-service to install at host sites throughout Ohio. The company is committed to addressing all additional requirements and certifications to begin operations as soon as possible and to providing the best possible product to sports bettors and our host operators in Ohio.
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”, “” 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 begin wagering transactions in Ohio, with the Company programming its technology platform to comply with Ohio Lottery wagering compliance specifications and the Company purchasing 100 point terminals vending machines and 100 self-service betting terminals to be installed at host sites in Ohio. 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 obtain all required certifications and licenses from the OCCC, the Company’s ability to achieve the purchase of 100 point-of-sale terminals and 100 betting terminal self-service terminals for installation at host sites throughout Ohio, 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, 2021 and its subsequent filings with the Securities and Exchange Commission, including subsequent quarterly 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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