Elys Game Technology Partners with Minority-Owned All Bets Inc. to Expand Washington, D.C. Operations
NEW YORK, April 12, 2022–(BUSINESS WIRE)–Elys Game Technology, Corp. (“Elys” or the “Company”) (Nasdaq: ELYS) (BER: 3UW), an interactive gaming and sports betting technology company, today announced a partnership with All Bets Inc. to establish allBETS DC One (“allBETS DC”) and will operate a sports betting site scheduled to open at 821 Upshur St. NW, Washington, D.C. The Company’s subsidiary, USBookmaking (“USB”), will provide sports betting services for manage sports betting risk and provide trading services.
Following the successful launch of Grand Central Restaurant and Sportsbook, in the Adams Morgan area, and with Cloakroom DC currently undergoing regulatory review, the partnership with allBETS DC would represent the company’s third implementation of its strategy to to offer a turnkey sports betting solution in unconventional venues such as restaurants and bars in Washington, DC. And, if it gets licensed, allBETS DC is believed to be a groundbreaking venture of an African-American woman-owned sports betting company.
“We are thrilled to partner with the team at allBETS DC, led by pioneering entrepreneur Stacie Whisonant, and are deeply honored to support minority-owned businesses and women-led sportsbooks as we continue our coast-to-coast expansion focused on North America,” said Michèle Ciavarella, Executive Chairman of Elys. “We strongly believe that the unique architecture of our technology gives us an effective and one-of-a-kind sports betting solution to deploy in small businesses such as restaurants, bars, cafes and similar establishments. Our solution could generate ancillary revenue streams, employment opportunities and could foster a complementary business where restaurants and bars across the country can leverage existing customer relationships and deliver a sports betting product that their customers desire.Elys encourages diversity in the sports betting opportunities and believes that allBETS DC could potentially be a precursor to success and a role model for aspiring entrepreneurs to follow this progression.”
“This journey, which began for me in 2018, included many days of endless research and became a reality in the spring of 2022. I am proud to partner with Elys/USB, and with the community business framework provided by DCOLG and DSLDB in Washington, this deal structure allowed me to enter and get started in the Class B model sports betting industry with the convenience of training wheels,” Stacie Whisonant, CVO/ founder of allBETS “I am excited and grateful for this momentous opportunity, but I was also anxious about the possibilities. My confidence was reassured by the partnership with the professionals at Elys/USB in that they could provide the necessary support to ensure the overall success and expansion of our business relationship with allBETS.”
About All Bets Inc.
All Bets Inc, founded by Stacie Whisonant, is a consulting firm specializing in strategic diversity, equity and inclusion (DEI) and digital transformations through a borderless high-tech social betting platform. All Bets works on high growth and emerging industries making sure to bring the advantage of diversity into these new sectors. The organization is proudly women-centric and invites women to engage, learn and enjoy the betting space in a “Learn and Earn” model. All Bets’ goal is to become the premier female, African American and veteran-owned sports betting operation in the United States, connecting women and minority-led businesses across the country.
Follow allBETS on Twitter @allbetsHQ
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 intended to identify forward-looking statements and include statements regarding planned sports betting operations at 821 Upshur St NW, Washington D.C., the company’s third implementation of its strategy to offer a turnkey sports betting solution in unconventional locations, a groundbreaking venture by a sports betting owned by an African-American woman, the unique architecture of our technology providing us with an effective and unique sports betting solution, ancillary revenue streams s, employment opportunities and fostering a complementary activity, allBETS could potentially be a precursor to success and provide the support that is necessary to ensure the overall success and expansion of the allBETS business. 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 open sportsbook operations at 821 Upshur St NW, Washington D.C., as expected, the ability of the company to implement the third turnkey solution for sports betting in unconventional locations as planned, the possibility of a sports betting business owned by an African-American woman being revolutionary as believed, the ability to the Company’s unique technology architecture to deliver an effective and one-of-a-kind sports betting solution as believed, the Company’s solution’s ability to generate ancillary revenue streams, employment opportunities and foster complementary business as planned, the ability for allBETS to potentially be a precursor to the planned success, the company’s ability to provide the necessary support ire to ensure the overall success and expansion of the allBETS business as expected, the duration and extent of the COVID-19 outbreak worldwide, 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.
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Elys Game Technology, Corp.
Michèle Ciavarella, Executive President
Email: [email protected]