Elys Activity Engineering Enters Into Definitive Agreements With Lottomatica S.p.A.

NEW YORK, April 06, 2022–(Enterprise WIRE)–Elys Recreation Engineering, Corp. (“Elys” or the “Enterprise”) (Nasdaq:ELYS) (BER:3UW), an interactive gaming and athletics betting technology business, is pleased to announce the entry into definitive agreements (the “Agreements”) with Lottomatica S.p.A. (“Lottomatica”).

Below the terms of the Agreements, Elys will license a tailored sportsbook system (the “Solution”) for Lottomatica for its B2C activities, with a most important target on the North American market.

Elys expects to receive land-dependent license rights by way of an ancillary arrangement that will grow its land-primarily based distribution in the Italian sector forward of the expected federal license renewals in Italy. Elys also programs to post its land-centered engineering for certification to the Italian regulator for land-dependent operation in Italy.

“We are extremely delighted to have achieved the Agreements with Lottomatica enabling Elys to accelerate its digital and mobile channel growth for Canadian and U.S. markets,” stated Michele Ciavarella, Government Chairman of Elys Video game Engineering. “This milestone romantic relationship for Elys is the outcome of our investments in technological innovation and human capital specializing in B2C intelligence dealing with sports activities bettors in the strong Italian market as effectively as the integration of committed bookmaking working experience in the remarkably competitive and rapid escalating U.S. market with the USBookmaking acquisition. We see this relationship as an prospect to placement Elys’ technology as the main sports betting technological innovation in our market, and to mix the practical experience and brand strength of Lottomatica with our chopping-edge system to obstacle for a top rated place in the expanding North American marketplaces.”

Mr. Ciavarella continued, “Collectively, the Agreements along with our prior deployments, set up Elys as a totally controlled omni-channel resolution for both land-primarily based and cellular operators trying to find a tested, finish-to-finish sportsbook remedy. As established out in our June 2019 Pathway-to-Profitability and go-to-marketplace strategy, Elys sees 2022 as a breakthrough 12 months, with the conversion of investments in our Elys Gameboard technologies and expertise the two in Europe and North The us into revenue and possible income for many years in advance.”

Story carries on

About Elys Recreation Engineering, Corp.

Elys Game Technology, Corp., is a B2B world-wide gaming technological know-how company operating in several nations globally, with B2C on the internet and land-centered gaming operations in Italy. Elys presents its shoppers a complete suite of leisure gaming items and expert services, these types of as sporting activities betting, e-athletics, virtual athletics, on line casino, poker, bingo, interactive games and slots in Italy and has operations in five states as nicely as the District of Columbia in the U.S. current market. Elys’ vision is to grow to be a world-wide chief in the gaming sector by means of the improvement of groundbreaking and revolutionary engineering.

The Firm supplies wagering answers, products and services online operators, casinos, retail betting establishments and franchise distribution networks. Additional data is offered on our company internet site at www.elysgame.com.

Buyers may also find us on Twitter @ELYS_gaming.

Ahead-Hunting Statements

This press release consists of sure forward-wanting statements in the which means of the protected harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are discovered by the use of the phrases “could,” “feel,” “anticipate,” “intend,” “estimate,” “count on,” “may well,” “keep on,” “forecast,” “possible,” “project” and comparable expressions that are intended to determine forward-searching statements and involve statements about anticipated federal license renewals in Italy, submitting Elys’ land-centered know-how for certification to the Italian regulator for land-based operation in Italy, accelerating channel improvement for Canadian and U.S. markets, positioning Elys’ technological innovation as the major sports betting know-how in the sector, combining the working experience and brand name toughness of Lottomatica, challenging for a major place in the increasing North American marketplaces, 2022 becoming a breakthrough calendar year, and changing of investments in know-how and expertise into revenue and opportunity gains. These forward-on the lookout statements are based on management’s expectations and assumptions as of the date of this press launch and are subject matter to a variety of dangers and uncertainties, quite a few of which are tricky to predict that could bring about true effects to differ materially from present anticipations and assumptions from all those set forth or implied by any forward-wanting statements. Important elements that could bring about actual final results to differ materially from latest expectations involve, among the other people, the Company’s capability to renew its federal license in Italy, the Company’s means to post its land-based know-how for certification to the Italian regulator for land-centered procedure and accelerate channel advancement for Canadian and U.S. markets, the Company’s means to placement Elys’ technologies as the major sports activities betting technological know-how in the marketplace and challenge for a leading spot in the growing North American marketplaces, the Company’s ability to change of investments in know-how and talent into profits and likely revenue, the period and scope of the COVID-19 outbreak around the world, like the effects to state and neighborhood economies, and the danger elements explained in the Company’s Yearly Report on Type 10-K for the 12 months ended December 31, 2020 and its subsequent filings with the U.S. Securities and Trade Fee, which includes subsequent periodic studies on Kind 10-Q and current experiences on Variety 8-K. The details in this release is offered only as of the day of this launch, and the Organization undertakes no obligation to update or revise publicly any ahead-looking statements, whether as a consequence of new info, foreseeable future activities or in any other case, right after the date on which the statements are manufactured or to reflect the prevalence of unanticipated activities, besides as necessary by law.

View source version on businesswire.com: https://www.businesswire.com/information/home/20220406005671/en/

Contacts

Elys Activity Technology, Corp.
Michele Ciavarella, Government Chairman
Tel: 1-628-258-5148
E mail: [email protected]