Elys Game Technology Surpasses 100 Hosting Sites Signed Up in Ohio
Retail sports betting in Ohio set to begin January 2023
NEW YORK, Oct. 25, 2022 (GLOBE NEWSWIRE) — Elys Game Technology, Corp.. (“Elys“or the Company”) (Nasdaq: ELYS)an interactive gaming and sports betting technology company, today announced that the company and its partner, Wright bet, surpassed 100 host sites registered with the company’s land-based sports betting services in the state of Ohio. The Company’s planned January 2023 sports betting launch in the State of Ohio is subject to regulatory approval, and all required licenses must be approved by the Ohio Casino Control Board.
Michele Ciavarella, Executive Chairman of Elys Game Technology, said, “We are extremely pleased with the momentum we are seeing among retail establishments looking to provide their customers with our proven, best-of-breed sports betting solution. its category and from start to finish. Yesterday, while attending the Ohio Bar Owners Association Trade Show, we showcased and productively demonstrated our “Build your bet“Technology. Our solution gives hosts the added benefit of providing mobile access for players to compare markets and prepare their bets off-site before coming to the host site to place their bet.
“We believe the betting speed advantage of this feature could be a win-win for hosts and players alike, as it could generate a new revenue stream while providing an attractive product and service for their current customers, and potentially helping to build their businesses by attracting new customers interested in the sports betting solution to their establishment. Bars and restaurants are ideal locations for our sports betting solution. As customers gather to enjoy food and drink, the bookie offers them an exciting way to watch their favorite teams play. We plan to continue to aggressively expand our sales pipeline with additional bars, restaurants and other retail establishments to implement our sports betting solution nationwide.
Additional information on the sports betting offer for Ohio location hosts can be obtained by contacting Tory Key at [email protected] or Elys partners Adam Stachler or Raj Shah at Wright Bet Ventures via their website at: Wright Bet Ventures.
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 American 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 launch sports betting in the State of Ohio in January 2023, the Company’s belief that its “Build-your-bet” feature is a win-win solution that could generate new source of revenue to potentially help grow the host location business, and the company plans to continue to aggressively grow its sales pipeline with bars, restaurants and other additional retail establishments. entaires to implement its sports betting solution nationwide. 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 launch its sports betting solution in Ohio in January 2023, the Company’s ability to continue to aggressively expand its sales pipeline with bars, restaurants and other retail establishments to implement its sports betting solution nationwide, the duration and extent of the COVID-19 outbreak worldwide, including the impact on national and local economies, and the risk factors described in the Company’s Annual Report on Form 10-K for the 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.
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