Elys Game Technology Announces Authorization to Expand Washington DC Restaurant Sports Betting

Grand Central Restaurant has been granted permission to expand its betting operations.

NEW YORK, February 02, 2022–(BUSINESS WIRE)–Elys Game Technology, Corp. (“Elys” or the “Company”) (Nasdaq: ELYS) (BER: 3UW), an interactive gaming and sports betting technology company, today announces that the Grand Central Restaurant and Sportsbook in Washington D.C. (“Grand Central”) has received approval from the DC Office of Lottery and Gaming, Regulation and Oversight Division to increase the number of counters and self-service betting terminals. The expansion helps increase traffic to each terminal, improving customer experience and speed of stake.

“Our partnership with Grand Central has been mutually successful and we are confident that the onboarding rate for our small business deployment will increase significantly through 2022. Elys’ growth in the small business space is part of our approach three-pronged effort to generate revenue and establish a foothold in the North American gaming market, including through progress at Atlantic City’s Ocean Casino Resort and the continued development of the company’s digital and mobile channel in the States United States,” said Michele Ciavarella, Executive Chairman of Elys Game Technology. industry, and with the firm belief that we will continue to have better retention rates, we plan to gain a strong foothold in the US market.”

The company recently announced significant incremental growth in the handful of bets served at Grand Central, located in the Adams Morgan neighborhood of Washington DC, the first small business Class B site of its kind in the United States. The performance of Elys’ technology and expert trading services across the U.S. Bets-taking reflects the potential economic benefit and employment opportunities the model brings to small businesses.

Results December 2021

Operator

Paris

Payments

Online games
Income

Tax

Medium hold
Percentage

Caesars Sportsbook

$11,357,926.76

$10,785,379.07

$572,583.69

$57,258.37

5.04%

BetMGM

$2,159,639.69

$2,091,025.11

$68,614.58

$6,861.46

3.18%

ELYS/Grand Central

$735,385.80

$643,596.14

$91,789.66

$9,178.96

12.48%

Results for the 2021 financial year

Operator

Paris

Payments

Online games
Income

Tax

Medium hold
Percentage

Caesars Sportsbook

$44,346,879.95

$39,812,715.84

$4,534,164.11

$453,416.42

10.22%

BetMGM

$5,427,940.27

$5,133,828.54

$294,111.73

$32,503.29

5.42%

ELYS/Grand Central

$1,437,738.49

$1,236,015.49

$201,723.00

$20,172.29

14.03%

Source: https://www.dclotterysportsbetting.com/financial-reports/december-2021-unaudited/

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 operates through its wholly owned subsidiary in the United States. Bookmaking brand in 5 states in the US market.

The company’s innovative betting solution, the services of 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.

Forward-looking statements

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 the increasing traffic to each terminal improving the customer experience and betting speed, our onboarding rate for our small business rollout, the belief that we will continue to have a better retention rate, winning a stronghold in the US market, potential economic advantage and employment opportunities. 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 increase traffic to each terminal, improve customer experience and betting speed as expected, integrate small businesses as planned, to have a better retention rate and to gain a strong foothold in the American market as planned, reflect the economic advantage and employment opportunities in small businesses as planned, the duration and the extent of the COVID-19 outbreak around the world, including the impact on state and local economies, and the risk factors described in the 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.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220202005075/en/

contacts

Elys Game Technology, Corp.
Michèle Ciavarella, Executive President
Tel: 1-628-258-5148
Email: [email protected]

Investor contacts:
KCSA Strategic Communications
Valter Pinto or Jack Perkins
Tel: 1-212-896-1254
Email: [email protected]