Elys Game Technology Granted Conditional License Approval in Ohio
Elys Game Technology, Corp. has received conditional approval for Type C sports gaming proprietor licensure from the Ohio Casino Control Commission, effective January 1, 2023. This license will be valid for five years, allowing the company to commence betting transactions in Ohio, subject to further certifications and compliance. Elys is programming its technology platform to meet Ohio Lottery specifications and has ordered 100 point of sale and self-service betting terminals for local host locations. The company aims to meet all requirements to start operations swiftly.
- Conditional approval for Type C sports gaming licensure in Ohio.
- Five-year license allows entry into the Ohio market.
- Investment in 100 point of sale and self-service betting terminals.
- Commencement of operations is dependent on additional certifications and compliance.
- Potential risks include uncertainties around obtaining necessary licenses.
NEW YORK, NY, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Elys Game Technology, Corp. (“Elys" or the “Company") (Nasdaq: ELYS)(BER:3UW), an interactive gaming and sports betting technology company, today announced that on November 16th the Company was granted conditional approval for Type C sports gaming proprietor licensure from the Ohio Casino Control Commission (“OCCC”) for a period of 5 years effective January 1, 2023. The commencement of betting transactions in Ohio is subject to obtaining all further required certifications and licensing, and is conditioned upon the payment of license fees, ongoing proprietor suitability and continuous maintenance of compliance requirements of the OCCC for the duration of the license.
The Company has commenced programming of its technology platform to comply with betting compliance specifications of the Ohio Lottery and has entered into an agreement to purchase 100 point of sale terminals and 100 self-service betting terminals for installation at host locations throughout Ohio. The Company is committed to processing any further requirements and certifications to commence operations as soon as practicable, and to providing the best possible product for sports bettors and for our host operators in Ohio.
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 commence betting transactions in Ohio, the Company programming of its technology platform to comply with betting compliance specifications of the Ohio Lottery and the Company purchasing 100 point of sale terminals and 100 self-service betting terminals for installation at host locations throughout Ohio. 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 obtain all required certifications and licensing from the OCCC, the Company’s ability to consummate the purchase of 100 point of sale terminals and 100 self-service betting terminals for installation at host locations throughout Ohio, 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 quarterly 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.
Company Contacts:
Elys Game Technology, Corp.
Investor Relations
Tel.: 1-628-258-5148
Email: i.relations@elysgame.com
FAQ
What is the significance of Elys receiving licensure approval in Ohio?
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