Elys Game Technology Receives License to Operate Sports Betting at Ocean Casino Resort in Atlantic City

Ocean sports betting represents a key inflection point for Elys’ North American strategy

NEW YORK, March 01, 2022–(BUSINESS WIRE)–Elys Game Technology, Corp. (“Elys” or the “Company”) (Nasdaq: ELYS) (BER: 3UW)an interactive gaming and sports betting technology company, is pleased to announce that the joint petition of Ocean Casino Resort (“Ocean”) and Bookmakers Company US, LLC (“USBookmaking”), a wholly owned subsidiary of Elys, (the “Petition”) has been approved for six months from the date of the order of the New Jersey Gaming Enforcement Division’s Office of Regulatory Enforcement (” NJDGE”) dated February 25, 2022 (the “Order”).

The order is subject to the continued approval of all product submissions by the NJDGE Technical Services Office, as authorized by the issuance of a Director Approval Letter and subject to the representations contained in the joint request. Approval is further subject to approval of each new product submission as required by the NJDGE Technical Service Office.

Pursuant to the order, the Company plans to begin sports betting transactions at the temporary lounge located in Ocean at 1:00 p.m. EST on Tuesday, March 1, 2022.

“Atlantic City is one of the top sports and resort betting destinations in the country and Ocean is one of the region’s most prestigious properties,” said John Salerno, COO of USBookmaking. “We are excited to begin our business partnership with Ocean and their professional executives and operations teams today, and we also look forward to bringing new and unique sports betting products and services to New Jersey players.”

“We are very proud of our engineering and deployment teams at Odissea and USBookmaking for developing and delivering the new sports betting platform to Ocean on time while meeting the rigorous standards of the NJDGE Technical Service Office,” commented Michele Ciavarella, Executive Chairman of Elys Game. Technology. “We plan to continue to work closely with the NJDGE to expand our operational footprint and product diversification and believe the soft launch of Ocean today is a key inflection point for our expansion in North America. North and a key part of our strategy for growth in other casinos and partnerships with small businesses, as well as the continued development of the Company’s mobile platforms in 2022.”

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 of 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.

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 start of sports betting transactions on Tuesday, March 1, 2022, bringing new and unique sports betting products and services to players in New Jersey, working with the NJDGE to expand our operational footprint and product diversification, with Ocean as a hub key inflection for our expansion in North America and a component of our growth strategy in 2022. These forward-looking statements are based on the expectations and assumptions of the say ction as of the date of this press release and are subject to a number of risks and uncertainties, including which are difficult to predict and which could cause actual results to differ materially from current expectations and assumptions or 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 commencement of sports betting transactions on Tuesday, March 1, 2022 as expected, the offering of new and unique sports betting products and services to New Jersey players as planned, working with the NJDGE to expand our operational footprint and product diversification as planned, with Ocean being a key inflection point for our North American expansion and a component of our growth strategy in 2022 as expected, the duration and extent of the COVID-19 outbreak worldwide, including the impact on state 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 United States Securities and Exchange Commission, including subsequent periodic reports rs 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/20220301005784/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