Atlantic City, NJ – November 11, 2021 – Elys Game Technology, Corp. (“Elys” or the “Company”) (Nasdaq: ELYS) (NEO: ELYS), an interactive gaming and sports betting technology company, and Ocean Casino Resort in Atlantic City, New Jersey (“Ocean”), has today announced a partnership that is slated to begin March 1, 2022. Subject to regulatory approval from New Jersey gaming regulators, USBookmaking, a subsidiary of Elys, will provide trade management services and future sales solution Ocean retail.
Following this partnership announcement, details of a new entertainment experience at Ocean will be unveiled next year. Ocean recently announced a reinvestment in the resort of more than $ 75 million over the next year, with the highly anticipated addition of more than 460 rooms and suites. This follows real estate improvements from Ocean 2021, including a redesigned casino floor with new high limit experiences.
âWe are delighted to partner with USBookmaking to capitalize on their expertise and deliver a world-class experience,â said Bill Callahan, Interim General Manager of Ocean Casino Resort. “As Ocean continues to strengthen its position within Atlantic City, the addition of a renowned organization such as USBookmaking will only serve to strengthen our land betting product.”
âUSBookmaking looks forward to deepening its relationship with Ocean over the next several years. The combination of Ocean’s knowledge of the Atlantic City player market and our collective 125+ years of sports betting experience is a combination great, âsaid Vic Salerno, President of USBookmaking. . âThe Atlantic City market may be competitive, but with Ocean as a partner, USBookmaking is more than up to the challenge. ”
âWe are delighted to partner with Ocean to provide a highly entertaining and competitive land-based bookie at the Ocean Casino Resort. This commitment gives us the opportunity to demonstrate the versatility that we can offer our clients by offering very complex solutions for their sports betting operations, through the effective integration of our main strengths with external resources and suppliers â, said Michele Ciavarella, executive chairman of Elys Game Technology. âOur cutting-edge technology built in the competitive European market, coupled with the vast experience of our American book manufacturing team, represents our ability to deploy our North American go-to-market strategy in a wide range of missions ranging from small great restaurants and bars at prominent casino complexes such as Ocean. We are just beginning our plan for global expansion and expect to see the rapid adoption of our advanced Elys Gameboard betting technology in the United States and Canada in the coming months. ”
Elys is currently operational in online and retail channels throughout Italy through approximately 1,200 online stores and now has a presence in North America with 6 tribal casino customers. The Company plans to process sports betting offer requests through its state-of-the-art betting platform in the United States and Canada to large and small casinos as well as independent business sites representing one of the opportunities for long-term growth prospects of greatest interest to Elys. The commencement of betting transactions at Ocean Casino Resort is subject to obtaining the required Platform Certification and Casino Services Industry Corporate License from the New Jersey Division of Gaming Enforcement.
About Ocean Casino Resort
Spanning over 20 oceanfront acres on the famous Atlantic City Boardwalk, the Ocean Casino Resort, named “Best Casino” by Philadelphia Magazine’s “Best of Philly 2021” awards, offers 1,399 guest rooms and suites; 135,000 square feet of gaming entertainment; 1,720 slot machines; 108 gaming tables; 160,000 square feet of meeting and convention space; 90,000 square feet of unique outdoor space; 4 high-end gourmet restaurants; 11 casual dining options; a 40,000 square foot spa; 6 signature day and nightlife experiences; and a 4,500-seat concert hall. Ocean is home to the world’s largest Topgolf Swing suite and offers both land-based sports betting and online gaming in the state of New Jersey through its real-money gaming sites. Ocean Casino Resort is owned and operated by AC Beachfront, LLC. For more information on Ocean, please visit theoceanac.com or follow Ocean on Facebook, Twitter and Instagram.
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 website 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 âmayâ, âbelieveâ, âanticipateâ, ââ 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 USBookmaking deepening its Ocean relationship over the next several years, the rapid adoption of our advanced betting technology Elys Gameboard in the United States and Canada in the coming months and plans to process sports betting offer requests through its Cutting-edge betting platform in the United States and Canada at large and small casinos as well as independent business 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 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 ability of the company to deepen its relationship with Ocean over the next several years, the ability of the company to deploy its betting technology Elys Gameboard in the United States and Canada. over the coming months, the Company’s ability to offer sports betting through its betting platform in the United States and Canada to large and small casinos as well as independent commercial sites, the duration and extent of the global COVID-19 outbreak, including impact on state and local economies, and risk factors 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 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.
Elys Game Technology, Corp.
Michele Ciavarella, Executive Chairman
Phone. : 1-628-258-5148
Email: [email protected]
Release November 11, 2021