Elys Game Technology Signs Memorandum Of Understanding With New York State Restaurant Association To Promote And Facilitate Opportunities In Sports Betting Industry

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The company said the purpose and scope of the MOU is to create a partnership that provides the cornerstone and structure for all future opportunities that benefit members of the Restaurant Association and the New State. York.

Elys Game Technology, Corp. said it has signed a memorandum of understanding with the New York State Restaurant Association (NYSRA), the voice of the restaurant industry in New York State that expresses a common interest in promoting and facilitating restaurant opportunities . and drinking establishments to participate in the New York State sports betting industry.

The company said the purpose and scope of the MOU is to create a partnership that provides the cornerstone and structure for all future opportunities that benefit members of the Restaurant Association and the New State. York.

Elys said she and the NYSRA will strive to work together to develop and establish policies and procedures to advance sports betting opportunities for dining establishments. Joint efforts should include, but not be limited to, collective advocacy on the benefits and safety of offering small business leisure betting entertainment, and the intention to maintain a product and / or service that meets or exceeds all commercial and industrial standards.

READ: Elys Game Technology has granted its first US-based sports betting license, set to launch US platform at Grand Central Restaurant & Bar in Washington DC

In a statement, Michele Ciavarella, Executive Chairman of Elys, said, “We are delighted to work with NYSRA to advance a strong and coordinated effort that could effectively enable operators in the restaurant industry to offer sports betting in a dynamic and exciting environment where friends and family often gather to watch and enjoy a wide range of sporting events.

“With our partner Grand Central Restaurant and Bar, Elys successfully obtained the first Class B and Management Service Provider licenses in Washington DC. We plan to open in Grand Central in early October 2021 and believe it will be the first restaurant to be licensed. to provide sports betting in North America and a showcase for the US sports betting market in the future. Elys will provide Grand Central with turnkey and affordable sports betting technology and products using our sophisticated, highly scalable and customizable software developed specifically for the US market. We have always said that small businesses like restaurants and bars are the best places to offer sports betting and that our technology makes the most economic sense. This solid commercial proposition could allow restaurateurs to attract customers to their establishments and retain them thanks to the generous number of sporting events and promotional opportunities that surround them.

Ciavarella added: “Our long experience with this business model in Italy, our pioneering efforts in Washington DC and our partnership with NYSRA are aimed at giving restaurant and bar owners the ability to offer legal sports betting in their establishments. and to quickly become operational. Additionally, this model could generate a potential ancillary revenue center alongside food and drink for their businesses, as well as generate significant tax resources for New York State and other states across the country in the future. . We are convinced that the low cost of installing our highly scalable on-premise retail and mobile platform Elys is a win-win solution for small businesses and could give a boost to a key industry that constitutes the heart of the New York atmosphere.

NYSRA is a nonprofit trade association for New York restaurants that works to promote the business interests of restaurateurs and provide valuable support services to its members. NYSRA provides a platform for statewide cooperation and leadership on advocacy issues, as well as resources and support to help restaurateurs succeed.

Melissa Fleischut, President and CEO of NYSRA, said, “The New York State Restaurant Association is excited to work with Elys Game Technology to bring sports betting to the restaurant industry here in New York. Our bars and restaurants have been devastated over the past 18 months and are in desperate need of additional sources of income. Elys Game Technology has the experience of bringing top notch sports betting to bars and restaurants around the world and has shown how beneficial this can be for the bottom line of many. “

Elys Game Technology is a global B2B game technology company operating in several countries around the world, with B2C online and land-based gaming operations in Italy. In Italy, the company offers its customers a full range of leisure gaming products and services, such as sports betting, e-sports, virtual sports, online casino, poker, bingo, interactive games and slot machines.

The company’s innovative betting solution serves online operators, casinos, retail betting establishments and franchise distribution networks.

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