Elys Game Technology Announces Expansion of Washington DC Restaurant Sports Betting Location

Elys Reports Strong First Quarter Results for US Small Business Operations.

NEW YORK, NY/ACCESSWIRE/January 20, 2022/Elys Game Technology, Corp. (“Elys” or the “Company”) (NASDAQ: ELYS) (BER: 3UW)an interactive gaming and sports betting technology company, today announces promising results at the company’s first U.S. small business venture at Grand Central Restaurant and Sportsbook in Washington D.C. has accelerated expansion plans to increase the number player terminals within the establishment.

Elys launched its small business strategy in October last year with the Grand Central Restaurant and Sportsbook (“Grand Central”). December was a very successful month for Grand Central, with revenue exceeding $90,000, as well as approximately $735,386 in total sportsbooks handled by Sportsbook.

Brian Vasile, owner of Grand Central, said “We wanted to have a meaningful impact on sports betting in DC – and we do that with Elys as our management service provider. To have a partner whose knowledge and experience in sports betting, complemented by their ability to effectively resolve any situation, has been critical to Grand Central Sportsbook’s success and Elys is a key driver of our growth in this market.

“2022 is shaping up to be a major inflection point as the company continues to build a strong customer base in both Canada and the United States. The company’s North American go-to-market strategy has performed exceptionally well since launching its newly designed US betting platform in October,” said Michele Ciavarella, Executive Chairman of Elys.

Table 1: Results from October to December

October

November

December

bet tickets

2,508

7,951

12,661

To manage

$207,355

$494,998

$735,386

Payments

$164,497

$427,923

$643,596

GGR*

$42,858

$67,075

$91,790

Hold

20.67%

13.55%

12.48%

*Gross Gaming Revenue

Monthly betting tickets from November to December almost doubled from 7,951 to 12,661 in the company’s third month of operation in the United States. This represents a more than fivefold increase in betting slips and more than three times bets wagered from October, while Hold’s remained firmly in double digits.

Mr. Ciavarella continued, “Grand Central’s early performance has been extremely encouraging for Elys and has generated considerable attention from potential operators in neighboring states. Remarkably, Grand Central’s results are generated from a single kiosk and point-of-sale terminal (POS or Ticket Window) and speaks to the close relationship between small businesses and their customers. Building on this success, Elys is actively working with Grand Central to double the number of access points, which would increase capacity and customer comfort.

The company forecasts continued month-over-month revenue growth and expects these trends to continue into the new year. The outstanding results of the Elys platform within a single small business site represent the huge potential for scalability in the US and Canada. In March, Elys also plans to expand with its first major retail location at the Ocean Resort Casino in Atlantic City, NJ.

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 considerable attention they are attracting from potential operators in neighboring states, doubling the number of access points to increase capacity and customer convenience, continuing to gain a strong presence in the US sports betting market, continued month-over-month revenue growth and these trends continuing into the new year, small-business sites representing huge scalability potential in the US and in Canada, expanding with its first major retail site at the Ocean Resort Casino in Atlantic City, and the versatility of Elys serving the full range of physical locations. 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 statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to continue to attract significant attention from potential operators in neighboring states as anticipated, doubling the number of access points to increase capacity and customer convenience as planned. , continue to gain a strong foothold in the US sports betting market as expected, continue month-over-month revenue growth and these trends will continue into the new year as expected, with smaller businesses representing a huge potential to scale in the US and Canada as planned, expand with its first major retail site at the Ocean Resort Casino in Atlantic City as planned, with Elys serving the full range of physical locations as planned, 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 t 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.

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]

THE SOURCE: Elys Game Technology, Corp.

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