NEW YORK–(BUSINESS WIRE)–Elys Game Technology, Corp. (“Elys” or the “Company”) (Nasdaq:ELYS)(BER:3UW), an interactive gaming and sports betting technology company, today announced the agreement to operate bookmaker BetDupont, LLC ( BetDupont) with District Hospitality, LLC (District Hospitality) located at 1813 M St. NW in Washington DC
BetDupont, located in the prestigious Dupont Circle neighborhood of Washington, DC, is a chic cocktail lounge offering table service and cigars and a full-service Mediterranean/American fusion dining experience. The location is advertised as one of the best salons in Washington, easily accessible from all areas of DC, Maryland and Virginia.
If licensed, the partnership with District Hospitality would represent the company’s fourth run of its restaurant sports betting solution. Elys launched its small business strategy to place a white-label bookmaker in restaurants and bars across the Grand Central Restaurant and sports betting in the Adams Morgan neighborhood of Washington, DC. The agreement has an initial term of three years from the date of issue of the license with two possible extensions of 2 years each.
“We are thrilled to partner with District Hospitality to operate BetDupont in the Dupont Circle area of Washington, DC. and we look forward to continuing our expansion of sports betting into restaurants and bars in DC and surrounding states over the coming months,” commented Michele Ciavarella, Executive Chairman of Elys. “This model puts Elys in the enviable position of being able to scale quickly with low additional setup costs and brings a unique experience to small business entrepreneurs who can leverage their established customer relationships and drive economic opportunities in grassroots businesses. .”
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 as well as in the District. of Columbia in the US 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.
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 partnership with District Hospitality represents the company’s fourth execution of its restaurant sports betting solution, partnering with District Hospitality to operate BetDupont in the Dupont Circle area of Washington, D.C., continuing our restaurant sports betting expansion and bars in DC and neighboring states over the next few months quickly with low additional setup costs, providing a unique experience to small business entrepreneurs who can leverage their established customer relationships and drive economic opportunities in grassroots businesses. 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 execute its fourth restaurant sports betting solution, the Company’s ability to operate BetDupont in the Dupont Circle in Washington, D.C., the company’s ability to continue its expansion of sports betting into restaurants and bars in DC and surrounding states over the coming months, the company’s ability to scale quickly with low costs additional facilities, the company’s ability to provide a unique experience for small business entrepreneurs who can leverage their established customer relationships and generate economic opportunities in grassroots businesses, and the risk factors described in the annual report of the company on Form 10-K for the fiscal year ended December 31, 2021 and its subsequent filings with e 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.