Elys Game Technology Announces Partnership to Provide Sportsbook Services at Top Hat Sports Bar & Grill in Maryland
Elys Game Technology announced a strategic partnership with Bookmakers, LLC to launch land-based sportsbook services at Top Hat Sports Bar & Grill in Parkville, Maryland. Pending regulatory approval from the Maryland Lottery and Gaming Control Commission, Elys will earn a share of the sports betting revenue. This collaboration aims to enhance customer experience and generate new revenue streams for local businesses. Elys plans to expand its sportsbook solution across various establishments nationwide, demonstrating its growing presence in Maryland's evolving gaming market.
- Partnership with Bookmakers, LLC to provide sportsbook services, enhancing revenue potential.
- Opportunity to attract new customers and engage existing patrons at Top Hat Sports Bar & Grill.
- Elys expresses commitment to expand its sportsbook solutions across the nation.
- Dependence on regulatory approval from the Maryland Lottery and Gaming Control Commission may delay operations.
- Future revenue generation is contingent on the effectiveness of the 'Build-A-Bet' feature.
NEW YORK, NY, Oct. 10, 2022 (GLOBE NEWSWIRE) -- Elys Game Technology, Corp. (“Elys” or the Company”) (Nasdaq: ELYS), an interactive gaming and sports betting technology company, today announced a partnership with Bookmakers, LLC to provide land-based sportsbook services within the Top Hat Sports Bar & Grill, located in Parkville, Maryland. Under the agreement, Elys will receive a percentage of all sports betting revenue generated pending final regulatory approval of the Maryland Lottery and Gaming Control Commission.
Karen Senac, owner of Bookmakers, LLC commented, “We are delighted to partner with Elys to provide sportsbook services within the Top Hat Sports Bar & Grill located in Parkville, Maryland. Elys’ experience in the market, ease of use for players and reporting for regulatory compliance is what drove Bookmakers to select and sign with Elys. We expect that their “Build-A-Bet” feature will be especially attractive to our customers. We are excited about the prospect of offering yet another layer of entertainment to the customers of this already busy establishment. I am truly excited at the prospect of being part of this progressive program in the state of Maryland and appreciate the support of the Maryland Lottery and Gaming Control Commission in driving new revenue streams to support locally owned businesses.”
Michele Ciavarella, Executive Chairman of Elys Game Technology, stated, “We are pleased to enter this partnership with Bookmakers, LLC to provide them with an end-to-end, best-in-class sportsbook solution for their customers. Top Hat Sports Bar & Grill, Parkville’s premier pool hall for over three decades, includes a sports bar and lounge area with multiple flat screen TVs for viewing your favorite sports, making it an ideal location to include our sportsbook solution for their customers. We look forward to working with Karen Senac and the Bookmakers team to fulfil their inaugural sportsbook goals.”
“This partnership is a further example of both our growing traction within the state of Maryland, as well as the eagerness of local business operators to provide their customers with sports betting as an ancillary product in their establishments. The Maryland Lottery and Gaming Control Agency recently approved new rules for Maryland sports betting. This agreement follows a similar agreement in the state of Maryland with the Rod ‘N’ Reel Resort, which is one of just seven named ‘class B’ entities in the state of Maryland guaranteed a sportsbook license. Adding a sportsbook to a local business operator, such as the Top Hat Sports Bar & Grill, is expected to be a win-win for the establishment, as it could generate a new stream of revenue and provide an engaging product and service for their current guests, as well as potentially allowing establishments to build their businesses by drawing new customers interested in the sportsbook solution to their venues. We plan to continue to aggressively develop our sales pipeline with additional bars, restaurants and other retail establishments to implement our sportsbook solution throughout the nation,” concluded Mr. Ciavarella.
About Elys Game Technology, Corp.
Elys Game Technology, Corp., is a B2B global gaming technology company operating in multiple countries worldwide, with B2C online and land-based gaming operations in Italy. Elys offers its clients a full suite of leisure gaming products and services, such as sports betting, e-sports, virtual sports, online casino, poker, bingo, interactive games, and slots in Italy and has operations in five states as well as the District of Columbia in the U.S. market. Elys’ vision is to become a global leader in the gaming industry through the development of pioneering and innovative technology.
The Company provides wagering solutions, services online operators, casinos, retail betting establishments and franchise distribution networks. Additional information is available on our corporate website at www.elysgame.com.
Investors may 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. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements and include statements regarding the Company’s plans to provide land-based sportsbook services within the Top Hat Sports Bar & Grill, in Parkville, Maryland, Top Hat Sports Bar & Grill commencing land-based sportsbook betting upon regulatory approval, “Build-A-Bet” being especially attractive to customers, Top Hat Sports Bar & Grill being an ideal location to include the Company’s sportsbook solution for their customers, working with Karen Senac and the Bookmakers team to fulfil their inaugural sportsbook goals, adding a sportsbook to a local business operator being a win-win for the establishment, generating a new stream of revenue and providing an engaging product and service, establishments building their businesses by drawing new customers interested in the sportsbook solution to their venues and the Company‘s plans to continue to aggressively develop its sales pipeline with additional bars, restaurants and other retail establishments to implement its sportsbook solution throughout the nation. 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 that could cause actual results to differ materially from current expectations and assumptions from those set forth 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 provide land-based sportsbook services within the Top Hat Sports Bar & Grill, in Parkville, Maryland upon regulatory approval as planned, the ability to make “Build-A-Bet”, especially attractive to customers, the ability to generating a new stream of revenue and draw new customers interested in the sportsbook solution to venues, the Company‘s ability to continue to aggressively develop its sales pipeline with additional bars, restaurants and other retail establishments to implement its sportsbook solution throughout the nation, the duration and scope of the COVID-19 outbreak worldwide, including the impact to 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, 2021 and its subsequent filings with the U.S. Securities and Exchange Commission, including subsequent periodic reports on Form 10-Q and current reports on Form 8-K. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly 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 unanticipated events, except as required by law.
Contact:
Crescendo Communications, LLC
Tel: (212) 671-1020
Email: Elys@crescendo-ir.com
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