Elys Sport Know-how Enters Into Definitive Agreements With Lottomatica S.p.A.

NEW YORK–(BUSINESS WIRE)–Elys Sport Know-how, Corp. (“Elys” or the “Firm”) (Nasdaq:ELYS) (BER:3UW), an interactive gaming and sports activities betting expertise firm, is happy to announce the entry into definitive agreements (the “Agreements”) with Lottomatica S.p.A. (“Lottomatica”).

Below the phrases of the Agreements, Elys will license a custom-made sportsbook platform (the “Product”) for Lottomatica for its B2C actions, with a fundamental concentrate on the North American market.

Elys expects to acquire land-based license rights by means of an ancillary settlement that may develop its land-based distribution within the Italian market forward of the anticipated federal license renewals in Italy. Elys additionally plans to submit its land-based expertise for certification to the Italian regulator for land-based operation in Italy.

“We’re very happy to have reached the Agreements with Lottomatica permitting Elys to speed up its digital and cell channel improvement for Canadian and U.S. markets,” acknowledged Michele Ciavarella, Govt Chairman of Elys Sport Know-how. “This milestone relationship for Elys is the result of our investments in expertise and human capital specializing in B2C intelligence dealing with sports activities bettors within the sturdy Italian market in addition to the mixing of devoted bookmaking expertise within the extremely aggressive and quick rising U.S. market with the USBookmaking acquisition. We see this relationship as a chance to place Elys’ expertise because the main sports activities betting expertise in our business, and to mix the expertise and model power of Lottomatica with our cutting-edge platform to problem for a high spot within the increasing North American markets.”

Mr. Ciavarella continued, “Collectively, the Agreements together with our prior deployments, set up Elys as a totally regulated omni-channel resolution for each land-based and cell operators searching for a confirmed, end-to-end sportsbook resolution. As set out in our June 2019 Pathway-to-Profitability and go-to-market plan, Elys sees 2022 as a breakthrough 12 months, with the conversion of investments in our Elys Gameboard expertise and expertise each in Europe and North America into income and potential income for years forward.”

About Elys Sport Know-how, Corp.

Elys Sport Know-how, Corp., is a B2B international gaming expertise firm working in a number of nations worldwide, with B2C on-line and land-based gaming operations in Italy. Elys provides its purchasers a full suite of leisure gaming services, 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 turn into a worldwide chief within the gaming business by means of the event of pioneering and modern expertise.

The Firm gives wagering options, providers on-line operators, casinos, retail betting institutions and franchise distribution networks. Extra info is on the market on our company web site at www.elysgame.com.

Buyers may additionally discover us on Twitter @ELYS_gaming.

Ahead-Wanting Statements

This press launch accommodates sure forward-looking statements inside the which means of the secure harbor provisions of the Personal Securities Litigation Reform Act of 1995. These statements are recognized by way of the phrases “may,” “imagine,” “anticipate,” “intend,” “estimate,” “count on,” “could,” “proceed,” “predict,” “potential,” “challenge” and related expressions which are supposed to establish forward-looking statements and embrace statements relating to anticipated federal license renewals in Italy, submitting Elys’ land-based expertise for certification to the Italian regulator for land-based operation in Italy, accelerating channel improvement for Canadian and U.S. markets, positioning Elys’ expertise because the main sports activities betting expertise within the business, combining the expertise and model power of Lottomatica, difficult for a high spot within the increasing North American markets, 2022 being a breakthrough 12 months, and changing of investments in expertise and expertise into income and potential income. These forward-looking statements are based mostly on administration’s expectations and assumptions as of the date of this press launch and are topic to plenty of dangers and uncertainties, lots of that are troublesome to foretell that might trigger precise outcomes to vary materially from present expectations and assumptions from these set forth or implied by any forward-looking statements. Necessary components that might trigger precise outcomes to vary materially from present expectations embrace, amongst others, the Firm’s capacity to resume its federal license in Italy, the Firm’s capacity to submit its land-based expertise for certification to the Italian regulator for land-based operation and speed up channel improvement for Canadian and U.S. markets, the Firm’s capacity to place Elys’ expertise because the main sports activities betting expertise within the business and problem for a high spot within the increasing North American markets, the Firm’s capacity to transform of investments in expertise and expertise into income and potential income, the period and scope of the COVID-19 outbreak worldwide, together with the influence to state and native economies, and the danger components described within the Firm’s Annual Report on Kind 10-Ok for the 12 months ended December 31, 2020 and its subsequent filings with the U.S. Securities and Trade Fee, together with subsequent periodic experiences on Kind 10-Q and present experiences on Kind 8-Ok. The knowledge on this launch is supplied 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 info, future occasions or in any other case, after the date on which the statements are made or to mirror the incidence of unanticipated occasions, besides as required by legislation.

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