Tue. May 17th, 2022

WASHINGTON- (BUSINESS MANAGEMENT) -Elys Game Technology, Corp. (“Elys” or “Company”) (Nasdaq: ELYS) (NEO: ELYS), an interactive gaming and sports gaming technology company, and Grand Central LLC (“Grand Central”), an independently owned operator of Grand Central Restaurant & Bar, located in the Adams Morgan area of ​​Washington, DC, announced today that the District of Columbia’s Office of Lottery and Gaming (OLG) has granted a Class B operator’s license to Grand Central to operate a sports book within Grand Central Restaurant & Bar and of a provisional License for Standard Management Services provider license to the Company in connection with management services to be provided to Grand Central.

The Grand Central venue will offer sports betting along with food and beverages that provide a unique customer experience and are believed to be the first sports book of its kind to be run in an independently owned business in the United States. The Class B license allows a full service sportsbook with no restrictions on the maximum bets to be wagered and where all winnings can be redeemed on site. Elys will provide Grand Central with the turnkey retail betting solution on POS and kiosk hardware as well as managed services for operating the sports book, including back-office and business intelligence, odds and event offerings, risk management and trading services, while both Elys and Grand Central will collaborate on customer engagement campaigns, marketing and any co-branding projects. To provide sufficient time for staff training and hardware installation, it is expected that sports betting will be offered at Grand Central in or around October 2021 with the local mobile app launched in 2022.

“We’ve been a part of the vibrant Adams Morgan neighborhood since Grand Central opened in 2007,” said Grand Central owner Brian Vasile. “We look forward to offering our customers an extraordinary experience betting on their favorite team while enjoying our signature dishes and beverages for lunch, dinner or gathering for team events and special games or even just stopping by to place a bet. We are very honored to have been approved as the first Class B licensed operator by the DC Office of Lottery and Gaming and believe that our establishment will serve as an exhibition example for this operating model and a key role in the economic growth of this anchored residential area. and commercial neighborhoods as well as the greater DC area. ”

“We are absolutely excited to get our first US-based sports betting license and look forward to launching our Elys Gameboard US platform at Grand Central Restaurant & Bar in Washington, DC. We would also like to acknowledge Brian Vasile, his partners and staff who worked tirelessly with our engineering team located in our Group Technology subsidiary, Odissea, and our US operations team to achieve this significant achievement, ”said Michele Ciavarella Elys, CEO. “At all ages, sporting events and championship games have been used and enjoyed most in restaurants and bars, and we believe that the unique Class B classification established by the DC Office of Lottery and Gaming will be groundbreaking for a brand new and exciting vertical where sports games could elevate the dining and gathering experience at bars and restaurants throughout North America. We also believe that this model could be adopted across multiple states to support local and growing businesses, and that Grand Central could become the typical model for running a sports book in a business accessible to all fans of sports. ”

Ciavarella continued: “With low deployment costs and high scalability, our leading micro-services technology is perfectly suited for operating sports books in the massive network of small businesses in Canada and the United States, and we believe small businesses could be a big one. contributes to local and regional economic development in the coming years. The addition of US bookmaking is expected to play a key role in Grand Central’s product offering and bookmaking, as well as the potentially rapid expansion that Elys expects from small businesses across the country. ”

Elys operates in approximately 1,200 venues throughout Italy, in both online and retail channels and now lives in 5 states with 6 regular casinos and a restaurant bar. The company plans to process applications to offer sports betting through its leading betting platform to large and small casinos and independent business venues in the United States and Canada, representing one of the most exciting long-term growth opportunities for Elys. The provisional license for the Standard Management Services Provider granted to the Company expires on August 26, 2022.

The Sports Wagering Lottery Amendment Act of 2018 legalized sports betting in the District of Columbia and became law on May 3, 2019. OLG regulates privately run sports betting throughout the district, licenses and monitors these operations and their gaming-related providers for compliance with applicable district and federal laws .

About Grand Central, LLC

Grand Central Restaurant & Bar, located at 2447 18th Street, NW, Washington, DC, is an independently owned and operated bar and grill, founded in 2007. The company is known for its classic American pub fare and sports television broadcast. Food and beverages are open from 11 a.m. to 2 p.m. Sunday through Thursday and 11 a.m. to 3 p.m. Friday and Saturday, while the Grand Central sportsbook opens seven days a week from 10 a.m. to noon. 1:00.

More information is available on the Grand Central website at www.grandcentraldc.com and can be followed on Twitter and Instagram at @grandcentraldc.

About Elys Game Technology, Corp.

Elys Game Technology, Corp., is a B2B global gaming technology company operating in several countries worldwide, with B2C online and land-based gaming business in Italy. In Italy, Elys offers its customers a complete 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 services online operators, casinos, retail betting and franchise distribution networks. Further information is available on our company 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 Reform Act 1995. These statements are identified using the words “could”, “believe”, “anticipate”, “” have intent, “” estimates “,” expects “,” can “,” continues “,” predicts “,” potential “,” project “and similar terms intended to identify forward-looking statements and include class B statements. the license model, which represents a potential paradigm shift for the sports betting market throughout the United States, with the Grand Central site being the first sports book of its kind to operate in an independently owned business in the United States, betting on sports offered at or around Grand Central October 2021, the local mobile app launched in 2022, and Grand Central serves as an exhibition example of the operating model for Class B licenses and plays a key role in the economic growth of its neighborhood, the unique Cla ss B-Classification established by the DC Office of Lottery and Gaming, which pioneered a brand new and exciting vertical for sports betting across North America, adoption of the sportsbook within a multi-state corporate licensing model to support local and growing businesses, as the market for small businesses is a major contributor to local and regional economic development in the coming years and the addition of US bookmaking, which plays a key role in product offerings and bookmaking in Grand Central, the potentially rapid expansion that Elys expects in small businesses throughout the country, and the company plans to process applications to offer sports betting through its betting platform to large and small casinos and independent business venues in the United States and Canada. These forward-looking statements are based on management’s expectations and assumptions from the date of this press release and are subject to a range of risks and uncertainties, many of which are difficult to predict that may cause actual results to differ materially from current expectations and assumptions. , which appear or are indicated by forward-looking statements. Important factors that may cause actual results to differ materially from current expectations include the company’s ability to exploit the potential paradigm shift that the Class B licensing model represents for the sports betting market throughout the United States, the company’s ability to offer bets on sports at Grand Central in or around October 2021 and the on-premise mobile app launched in 2022 as planned, the company’s ability to use the Grand Central venue as an exhibition example of the Class B license operating model, the company’s ability to use Class B rating established by the DC Office of Lottery and Gaming to pioneer a brand new and exciting vertical for sports betting throughout North America, the company’s ability to implement the sportsbook within a business model across multiple states, the ability for American bookmaking to earn a key role in the product range and bookmaking at Grand Central, the company’s ability to process le applications ns to offer sports betting through its betting platform to large and small casinos and independent business venues in the US and Canada as planned, the duration and extent of the COVID-19 outbreak worldwide, including the impact on government and local economies and the risk factors described in the company’s annual report on Form 10-K for the year ended December 31, 2020 and its subsequent filings with the U.S. Securities and Exchange Commission, including subsequent periodic reports on Form 10-Q and current reports on Form 8-K. The information in this release is provided only from the date of this release, and the company does not undertake to update or revise publicly forward-looking statements, whether as a result of new information, future events or otherwise after the date the statements are made or reflect the occurrence of unexpected events, unless required by law.

Leave a Reply

Your email address will not be published.