Working Partnership Established to Create Mutual Approach to Sports Betting in New York State
NEW YORK, September 28, 2021– (COMMERCIAL THREAD) – Elys Game Technology, Corp. (“Elys” or the “Company”) (Nasdaq: ELYS) (NEO: ELYS), an interactive gaming and sports betting technology company, and the New York State Restaurant Association (“NYSRA”), the voice of the The New York State restaurant industry, advocating for the business interests of restaurant owners and providing valuable support services to members, today announced the signing of a Memorandum of Understanding (“MOU”) which expresses a common interest in promoting and facilitating opportunities for catering establishments to participate in the state’s sports betting industry.
The purpose and scope of the MOU is to create a partnership that provides the cornerstone and structure for all future opportunities that benefit Restaurant Association members and New York State. Elys and NYSRA will strive to work together to develop and establish policies and procedures to advance sports betting related opportunities for catering establishments. Joint efforts should include, but are not limited to, collective advocacy on the benefits and safety of offering leisure betting entertainment in small businesses, and the intention to maintain a product and / or service that respects or exceeds all commercial and industrial standards. .
“We are excited to be working with NYSRA to advance a strong and coordinated effort that could effectively enable operators in the restaurant industry to deliver sports betting in a dynamic and exciting environment where friends and family come together. often to watch and enjoy a wide range of sporting events, “said Michele Ciavarella Executive Chairman of Elys.” With our partner Grand Central Restaurant and Bar, Elys successfully obtained the first class B and supplier licenses management services 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 offer sports betting in North America and a showcase for the US sports betting market in the future. Elys will provide affordable turnkey sports betting technology and products to Grand Central using our sophisticated, highly scalable and customizable software developed specifically for the United States market. We have always said that small businesses like restaurants and bars are the best places to offer sports betting and our technology is the most practical economical solution. This solid business proposition could allow restaurateurs to attract customers to their establishments and build loyalty thanks to the generous number of sporting events and promotional opportunities around the theme. “
Mr. Ciavarella continued, “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 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 to l. ‘to come up. I believe the low cost of installing our highly scalable on-premises retail and mobile platform Elys is a win-win solution for small businesses and could give a boost to a key industry that is the heart of the business. New York atmosphere. “
“The New York State Restaurant Association is thrilled to be working 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 revenue streams Elys Game Technology has the experience of delivering top notch sports betting in bars and restaurants around the world and has shown how beneficial this can be for the bottom line of many, ”said Melissa Fleischut, president and CEO of the NYS Restaurant Association.
About the New York State Restaurant Association
The New York State Restaurant Association (“NYSRA”), the official voice of the restaurant industry in New York State, is a non-profit trade association for New York restaurants. We work to promote the business interests of restaurant owners and provide valuable support services to our members. NYSRA provides a platform for statewide cooperation and leadership on advocacy issues, as well as resources and support to help restaurateurs succeed.
NYSRA delivers value to members through access to powerful resources and support. From advocacy and compliance, events and education, training and cost reduction programs, our goal is to help our members grow their businesses and make their jobs easier. Together with our members, we are shaping the future of the restaurant industry.
Additional information is available on the NYSRA website at www.nysra.org and can be followed on Twitter and Instagram at @nysra.
About Elys Game Technology, Corp.
Elys Game Technology, Corp., is a global B2B game technology company operating in multiple countries around the world, with B2C online and land-based gaming operations in Italy. In Italy, Elys 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. 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. These statements are identified by the use of the words “may”, “believe”, “anticipate”, “” have l ‘intention to’, ‘estimate’, ‘expect’, ‘may’, ‘continue’, ‘anticipate’, ‘potential’, ‘project’ and similar expressions which are intended to identify forward-looking statements and include statements regarding partnership with NYSRA develop and establish policies and procedures to advance sports betting related opportunities for foodservice establishments, engage in collective advocacy on the benefits and safety of offering high quality betting entertainment recreation in small business venues, maintain a product and / or service that meets or exceeds all commercial and industrial standards, openness to Grand Central Rest aurant and Bar in early October 2021, Grand Central being the first restaurant to offer licensed sports betting in North A merica and a showcase for the US sports betting market in the future, and bringing legal sports betting to the industry catering in New York. 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 and which could cause results to be achieved. actuals differ materially from current expectations and assumptions from those stated or implied by forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to develop and establish policies and procedures to advance sports betting opportunities for gambling establishments. catering, the Company’s ability to engage in collective advocacy on the benefits and safety of offering small business leisure betting entertainment, the Company’s ability to maintain a product and / or service that meets or exceeds all commercial and industrial standards, the company’s ability to open at Grand Central Restaurant and Bar in early October 2021 as planned, the Company’s ability to make Grand Central the first restaurant to offer licensed sports betting in North America and a showcase for the US sports betting market in the future, the Company’s ability to prop dare to legal sports betting to the restaurant industry in New York., the duration and extent of the COVID-19 epidemic around the world, including the impact on national and local economies, and the factors risks 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 press release is provided only as of the date of this press release, and the Company assumes 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.
Michele Ciavarella, Executive Chairman
Phone. : 1-628-258-5148
Email: [email protected]