NEW YORK–(BUSINESS WIRE)–Elys Recreation Expertise, Corp. (“Elys” or the “Firm”) (Nasdaq:ELYS)(BER:3UW), an interactive gaming and sports activities betting know-how firm, right now introduced the settlement the Petworth Wagering, LLC to function a sportsbook at Entitlement Restaurant and Cigar Lounge (“Entitlement”) situated at 829 Upshur Road NW, in Washington D.C. The Firm’s wholly owned subsidiary USBookmaking is predicted to offer sport wagering and bookmaking companies to handle the sportsbook danger.
Entitlement is a full service neighborhood restaurant lounge located in one among DC’s trendiest communities within the Petworth district of Washington, DC. The venue serves conventional American meals and an array of drinks in an inclusive atmosphere designed for socializing and networking. If efficiently licensed, Entitlement will develop into the fifth restaurant and bar in Washington, DC the place patrons might benefit from the pleasure of sports activities wagering on the Elys sportsbook system within the consolation and ambiance of their favourite social institution. The settlement has an preliminary time period of three years from the date of issuance of the license with two potential extensions of two years every.
In October 2021, Elys launched its small enterprise technique to put a white label sportsbook in eating places and bar venues on the Grand Central Restaurant and Sportsbook within the Adams Morgan space of Washington, DC.
“We’re trying ahead to launching our fifth sportsbook with our newest companions and administration crew at Entitlement Restaurant and Cigar Lounge within the Petworth district of Washington, DC. and to additional increasing our sportsbook footprint inside eating places and bars in DC and neighboring states over the approaching months,” commented Michele Ciavarella, Elys Government Chairman. “We consider that including sports activities wagering inside an thrilling atmosphere the place patrons can take pleasure in their favourite meals and drinks might convey a wholly new vibe to the institution and will drive ancillary income and foster employment alternatives for small companies. Partnering with Entitlement supplies additional affirmation of the scalability and adaptability of the Elys retail sportsbook resolution and is a key driver in our pathway to profitability and growth of long-term shareholder worth in Elys Recreation Expertise.
About Elys Recreation Expertise, Corp.
Elys Recreation Expertise, Corp., is a B2B world gaming know-how firm working in a number of nations worldwide, with B2C on-line and land-based gaming operations in Italy. Elys gives its shoppers a full suite of leisure gaming services and products, resembling sports activities betting, e-sports, digital sports activities, on-line on line casino, poker, bingo, interactive video games and slots in Italy and has operations in 5 states in addition to the District of Columbia within the U.S. market. Elys’ imaginative and prescient is to develop into a world chief within the gaming trade by the event of pioneering and revolutionary know-how.
The Firm supplies wagering options, companies on-line operators, casinos, retail betting institutions and franchise distribution networks. Extra data is out there on our company web site at www.elysgame.com.
Traders may discover us on Twitter @ELYS_gaming.
Ahead-Wanting Statements
This press launch accommodates sure forward-looking statements inside the that means of the protected harbor provisions of the Non-public Securities Litigation Reform Act of 1995. These statements are recognized by way of the phrases “might,” “consider,” “anticipate,” “intend,” “estimate,” “count on,” “might,” “proceed,” “predict,” “potential,” “venture” and related expressions which are meant to determine forward-looking statements and embrace statements relating to Entitlement changing into the fifth Washington, DC restaurant on the Elys sportsbook system, launching the sportsbook with our newest companions and administration crew at Entitlement Restaurant and Cigar Lounge, increasing our sportsbook footprint inside eating places and bars in DC and neighboring states over the approaching months, perception that sports activities wagering might convey a wholly new vibe to the institutions, driving ancillary income and foster employment alternatives for small companies, Entitlement offering additional affirmation of the scalability and adaptability of the Elys retail sportsbook resolution, driving profitability and long-term shareholder worth. These forward-looking statements are primarily based on administration’s expectations and assumptions as of the date of this press launch and are topic to a variety of dangers and uncertainties, lots of that are tough to foretell that would trigger precise outcomes to vary materially from present expectations and assumptions from these set forth or implied by any forward-looking statements. Vital components that would trigger precise outcomes to vary materially from present expectations embrace, amongst others, the Firm’s capacity to license and launch the fifth Washington, DC restaurant on the Elys sportsbook system, the Firm’s capacity to develop its sportsbook footprint inside eating places and bars in DC and neighboring states over the approaching months, the Firm’s perception that including sports activities wagering might convey a wholly new vibe to the institutions, the Firm’s capacity to drive ancillary income and foster employment alternatives for small companies, the Firm’s capacity present additional affirmation of the scalability and adaptability of the Elys retail sportsbook resolution by the partnership with Entitlement, the Firm’s capacity to drive profitability and long-term shareholder worth, and the danger components described within the Firm’s Annual Report on Kind 10-Okay for the 12 months ended December 31, 2021 and its subsequent filings with the U.S. Securities and Trade Fee, together with subsequent periodic stories on Kind 10-Q and present stories on Kind 8-Okay. The data on this launch is offered solely as of the date of this launch, and the Firm undertakes no obligation to replace or revise publicly any forward-looking statements, whether or not on account of new data, future occasions or in any other case, after the date on which the statements are made or to replicate the incidence of unanticipated occasions, besides as required by regulation.