Elys Game Technology Obtains Class III Contractor License to Provide Sports Wagering Services in North Dakota

Rhea-AI Summary

Elys Game Technology, Corp. (Nasdaq: ELYS) has obtained a Class III Contractor license from the Three Affiliated Tribes Gaming Commission to provide sports betting technology and bookmaking services to 4 Bears Casino & Lodge in New Town, North Dakota. This partnership represents Elys' expansion of its Elys America brand and sportsbook products in the U.S. and Canada, offering a wide range of sports events through self-service kiosks and in-person ticket counters.

Positive

• Elys has secured a significant partnership with 4 Bears Casino & Lodge, a well-known destination for gaming, live entertainment, and dining, enhancing the company's presence in the U.S. and Canada.

Negative

• None.

Elys America to partner with 4Bears Casino & Lodge for retail sportsbook operations

NEW YORK, July 27, 2023 (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 the Company has been granted a Class III Contractor license by the Three Affiliated Tribes Gaming Commission to provide goods and services to the 4 Bears Casino & Lodge (“4 Bears”), situated at 202 Frontage Rd, in New Town, North Dakota. The Company’s subsidiary Elys Gameboard Technologies, LLC is providing sports betting technology and bookmaking services to 4 Bears and represents the Company’s plans to continue expansion of its Elys America brand and leading-edge sportsbook products throughout the U.S. and Canada.

The 4 Bears sportsbook will offer a full array of sports events on the new Elys America event wagering system including NFL, NBA, MLB, NASCAR Racing as well as college football and basketball through self-service kiosks and in-person ticket counters situated throughout the newly remodeled Vegas style sportsbook bar and lounge. The 4 Bears Casino & Lodge is an award-winning destination for gaming, live entertainment, dining, lodging and conventions located on the beautiful Lake Sakakawea State Park in North Dakota. The recently remodeled establishment features 90 guest rooms and spa, gaming and fine dining steakhouse, sports bar with dining room and gaming stations, as well as a variety of meeting rooms and offices.

About Elys Game Technology, Corp.
Elys Game Technology, Corp., is a global gaming technology company operating in multiple countries worldwide. Elys offers its clients a full suite of omnichannel leisure gaming products and services, such as online sports betting, e-sports, virtual sports, online casino, poker, bingo, interactive games and online slots on a B2C basis in Italy and has B2B 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 online casino software.

The Company provides sports betting software, online casino software, services for commercial and tribal 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 @ELYS5D; Instagram @elys5d; LinkedIn Elys America; Youtube @Elys5D; and on Facebook @Elys5D.

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 Elys. 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 risk factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 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.

Contacts:
Elys Game Technology, Corp.
Investor Relations
Email: i.relations@elysgame.com

FAQ

What license has Elys obtained from the Three Affiliated Tribes Gaming Commission?

Elys has obtained a Class III Contractor license.

Where is 4 Bears Casino & Lodge located?

4 Bears Casino & Lodge is situated at 202 Frontage Rd, in New Town, North Dakota.

What sports events will be offered at the 4 Bears sportsbook?

The sportsbook will offer NFL, NBA, MLB, NASCAR Racing, college football, and basketball events.

What services will Elys Gameboard Technologies, LLC provide to 4 Bears?

Elys Gameboard Technologies, LLC will provide sports betting technology and bookmaking services.

What is the significance of this partnership for Elys?

This partnership represents Elys' expansion of its Elys America brand and sportsbook products in the U.S. and Canada.