Elys Game Technology Completes Formal License Approval Process in Ohio
NEW YORK, NY, Jan. 06, 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 on December 31st the Company’s wholly owned subsidiary Elys Gameboard Technologies, LLC received 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 remains subject to ongoing proprietor suitability and continuous maintenance of compliance requirements of the Ohio Lottery as well as any additional required compliance and certifications for the duration of the license.
As previously announced, the Company has commenced programming of its technology platform to comply with betting compliance specifications of the Ohio Lottery and while actively pursuing as many as up to 3,000 potentially approved host locations available, plans to launch the currently signed 100 plus host locations in phases commencing in the first half of 2023 and in time for ensuing major league sports season in mid-August. With over 30 plus years of experience in the small business leisure betting sector, the Company intends to invest in the right infrastructure to protect the integrity of the market and prior to launching, ensure problem-free operations for our hosts for years to come. We, and our partners, are committed to providing the best possible solution for sports bettors and long-term prosperity for our host operators in Ohio.
Additional information may be found on the Ohio Lottery website at Ohio Lottery Sportsbook Vendors
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, and services to 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.
SOURCE: Elys Game Technology, Corp.Tags: Ohio Lottery, Elys Game Technology, Formal License Approval in Ohio, interactive gaming and sports betting technology