{"id":691235,"date":"2022-10-03T09:05:11","date_gmt":"2022-10-03T13:05:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\/"},"modified":"2022-10-03T09:05:11","modified_gmt":"2022-10-03T13:05:11","slug":"elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\/","title":{"rendered":"Elys Game Technology and Grand Central Announce JV to Establish Second Sportsbook Location in Washington D.C."},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, NY, Oct.  03, 2022  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZIRmtjK2yqMluSfGkdh44qU2CFldXCt6OSQqKdkjIq3AzTGakyszx007N2UKKBB1E07QlnH4oo9OhtLcz8Dlt9e1he1R-i6axouDh_tAy2A=\" rel=\"nofollow noopener\" target=\"_blank\"><u>Elys Game Technology, Corp.<\/u><\/a>\u00a0(\u201cElys&#8221; or the \u201cCompany&#8221;) (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JzA3s-FKVNvBuuoK3xXL_DfZW_F0CYVoWhxW3hIzpnRQQMtfAvB6x5UQ9Zva5U2LV8CxuXcEYLB0zZW8eId1dDIdN_YbXmg_6Ajdqg2fHM1FdFAhMaZEH_28lslJz7bM\" rel=\"nofollow noopener\" target=\"_blank\"><u>Nasdaq:ELYS<\/u><\/a>)(BER:3UW), an interactive gaming and sports betting technology company, today announced it has entered into an agreement to expand its current partnership with the\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=r-0tzJEEPNUiZK4DqE-qBPbaB3V39sDEDJzTpF58oIfKerPwtvZTi5lkv_c9lK1h0LPTOHwqR75cjvOj5fz8cDHRUfsLKpGmxqhhjucp9b2hTZull6u_dMFZuHXYMUhpECGPTBYyRS9pTJib8oQOng==\" rel=\"nofollow noopener\" target=\"_blank\"><u>Grand Central Restaurant and Sportsbook<\/u><\/a>, by establishing a new joint venture (JV) to open a second sportsbook location in Washington D.C.\u00a0\u00a0The specific location has not yet been disclosed and is subject to approval by the DC Department of Small &amp; Local Business Development (DSLBD) and DC Office of Lottery and Gaming (DCOLG).<\/p>\n<p align=\"justify\">Michele Ciavarella, Executive Chairman of Elys Game Technology, commented, \u201cOur Management Services Provider (MSP) license with\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=r-0tzJEEPNUiZK4DqE-qBPbaB3V39sDEDJzTpF58oIfKerPwtvZTi5lkv_c9lK1h1ddEVU1bxbcvuQ5tBVvZIzCwfTDhxIecGiAWs8JRUghpsSsLL19vFh6x2sl7tLXu\" rel=\"nofollow noopener\" target=\"_blank\"><u>Grand Central Restaurant and Sportsbook<\/u><\/a>\u00a0(Grand Central), marked the first Class-B, small-business sportsbook location of its kind in the U.S.\u00a0\u00a0We are extremely pleased with the\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4zSnGHxxGtstqq0QHhNbGRXVKMRcdDLon_TAeKDCpyl5MUD7FlOXxeYMzc9qpu2X7M8vA-8hcCcCvPDOUWqwr9DJPrE7raOaA90fGA5Q0HDDqmCZiIFSLBZoF3lopsi7Nmh4-lnZ6imX9mK3ygqkXQ==\" rel=\"nofollow noopener\" target=\"_blank\"><u>strong performance<\/u><\/a>\u00a0of this first location\u00a0in the Adams Morgan district of DC, as illustrated by the continuous growth in betting handle. Given this joint success, we are proud to now announce plans for a second sportsbook location with the ownership of Grand Central in Washington D.C.\u00a0\u00a0We believe our sportsbook solutions could play an important role in supporting the recovery of bars, restaurants and other small businesses post pandemic, and are witnessing very strong interest and demand for our solutions and our highly popular\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XCq2KTcABr5Kd5G9FvfRBeHS_QgPWDtYbs3r9KS2EoCNfj2RalMw5vwGB-FiqP1SiV4oELo2D5nJET2MowMq82l7h2uKEy-FOzPjX74s18g=\" rel=\"nofollow noopener\" target=\"_blank\"><u>Build-Your-Bet<\/u><\/a>\u00a0feature for sports bettors.\u00a0\u00a0We appreciate the support of the DCOLG in establishing and developing our first MSP location and together with DSLDB we now look forward to working closely with District officials and ownership to advance plans for this second location and others underway through this new implementation model.\u201d<\/p>\n<p align=\"justify\">\n        <b>About Elys Game Technology, Corp.<\/b>\n      <\/p>\n<p align=\"justify\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZIRmtjK2yqMluSfGkdh44qU2CFldXCt6OSQqKdkjIq3J9EVUQREdh5ze0b8a53hH0kadd2LSoLsfDfbbOd3uZabkrG4GZtGwoWnkd1kY934=\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <u>Elys Game Technology, Corp.<\/u><br \/>\n        <\/a>, 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&#8217; vision is to become a global leader in the gaming industry through the development of pioneering and innovative technology.<\/p>\n<p align=\"justify\">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\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tRwUWwx2PfakW1ij9Lt8IfbTZiDvsbzVhmAXmdvoXYe-bR8dMVnXdiEnjWd6j6fKyCUSec9bJVKYKaG8Df3_MA==\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.elysgame.com.<\/u><\/a><\/p>\n<p align=\"justify\">Investors may also find us on Twitter\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=DvgntxqJdpm8BYW5e4cz2BOStg-ygnorF6U8aAvLEZeSBiMLD33oE6Tf91UsSwyvDd7BwW-PHZQhIYSzuwnqIUlqT4mgA88M32cXfjWcBWA=\" rel=\"nofollow noopener\" target=\"_blank\"><u>@ELYS_gaming<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <b>Forward-Looking Statements<\/b>\n      <\/p>\n<p align=\"justify\">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 \u201ccould,\u201d \u201cbelieve,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cmay,\u201d \u201ccontinue,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cproject\u201d and similar expressions that are intended to identify forward-looking statements and include statements regarding the receipt of approvals of the DC Department of Small &amp; Local Business Development and the DC Office of Lottery and Gaming, our sportsbooks playing an important role in supporting post pandemic recovery, advancing plans for this second location and others underway through this new implementation model. These forward-looking statements are based on management&#8217;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&#8217;s receipt of regulatory approval of the DC Department of Small &amp; Local Business Development and the DC Office of Lottery and Gaming, ability to play an important role in post pandemic recovery for bars, restaurants and other small businesses, ability to advance plans for this second location and others underway through this new implementation model, and the risk factors described in the Company&#8217;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.<\/p>\n<p align=\"justify\">\n        <b>Contact:<\/b>\n      <\/p>\n<p align=\"justify\">Crescendo Communications, LLC<br \/>Tel: (212) 671-1020<\/p>\n<p> Email:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Svb9sPApeADVm9YSBbEuMyY1Ld2KJ4HmmKMRdQs8jLmLLpx64f_31f5qsUJ9FoCmiAPYIBYliAvk8f_VoGR-zknEKZ-ZxdsQELMtMbFwB4w=\" rel=\"nofollow noopener\" target=\"_blank\"><u>elys@crescendo-ir.com<\/u><\/a><\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY1NzI4MiM1MTgyOTQ1IzUwMDEwOTUwMA==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MmQzZjZkYTUtOGRlYS00Mzc1LWE1MWQtNDczZjI4ZTBhZjM2LTUwMDEwOTUwMA==\/tiny\/Elys-Game-Technology-Corp-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, NY, Oct. 03, 2022 (GLOBE NEWSWIRE) &#8212; Elys Game Technology, Corp.\u00a0(\u201cElys&#8221; or the \u201cCompany&#8221;) (Nasdaq:ELYS)(BER:3UW), an interactive gaming and sports betting technology company, today announced it has entered into an agreement to expand its current partnership with the\u00a0Grand Central Restaurant and Sportsbook, by establishing a new joint venture (JV) to open a second sportsbook location in Washington D.C.\u00a0\u00a0The specific location has not yet been disclosed and is subject to approval by the DC Department of Small &amp; Local Business Development (DSLBD) and DC Office of Lottery and Gaming (DCOLG). Michele Ciavarella, Executive Chairman of Elys Game Technology, commented, \u201cOur Management Services Provider (MSP) license with\u00a0Grand Central Restaurant and Sportsbook\u00a0(Grand Central), marked the first Class-B, small-business sportsbook location of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Elys Game Technology and Grand Central Announce JV to Establish Second Sportsbook Location in Washington D.C.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-691235","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Elys Game Technology and Grand Central Announce JV to Establish Second Sportsbook Location in Washington D.C. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elys Game Technology and Grand Central Announce JV to Establish Second Sportsbook Location in Washington D.C. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, NY, Oct. 03, 2022 (GLOBE NEWSWIRE) &#8212; Elys Game Technology, Corp.\u00a0(\u201cElys&#8221; or the \u201cCompany&#8221;) (Nasdaq:ELYS)(BER:3UW), an interactive gaming and sports betting technology company, today announced it has entered into an agreement to expand its current partnership with the\u00a0Grand Central Restaurant and Sportsbook, by establishing a new joint venture (JV) to open a second sportsbook location in Washington D.C.\u00a0\u00a0The specific location has not yet been disclosed and is subject to approval by the DC Department of Small &amp; Local Business Development (DSLBD) and DC Office of Lottery and Gaming (DCOLG). Michele Ciavarella, Executive Chairman of Elys Game Technology, commented, \u201cOur Management Services Provider (MSP) license with\u00a0Grand Central Restaurant and Sportsbook\u00a0(Grand Central), marked the first Class-B, small-business sportsbook location of &hellip; Continue reading &quot;Elys Game Technology and Grand Central Announce JV to Establish Second Sportsbook Location in Washington D.C.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-03T13:05:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY1NzI4MiM1MTgyOTQ1IzUwMDEwOTUwMA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Elys Game Technology and Grand Central Announce JV to Establish Second Sportsbook Location in Washington D.C.\",\"datePublished\":\"2022-10-03T13:05:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\\\/\"},\"wordCount\":782,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODY1NzI4MiM1MTgyOTQ1IzUwMDEwOTUwMA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\\\/\",\"name\":\"Elys Game Technology and Grand Central Announce JV to Establish Second Sportsbook Location in Washington D.C. - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\/","og_locale":"en_US","og_type":"article","og_title":"Elys Game Technology and Grand Central Announce JV to Establish Second Sportsbook Location in Washington D.C. - Market Newsdesk","og_description":"NEW YORK, NY, Oct. 03, 2022 (GLOBE NEWSWIRE) &#8212; Elys Game Technology, Corp.\u00a0(\u201cElys&#8221; or the \u201cCompany&#8221;) (Nasdaq:ELYS)(BER:3UW), an interactive gaming and sports betting technology company, today announced it has entered into an agreement to expand its current partnership with the\u00a0Grand Central Restaurant and Sportsbook, by establishing a new joint venture (JV) to open a second sportsbook location in Washington D.C.\u00a0\u00a0The specific location has not yet been disclosed and is subject to approval by the DC Department of Small &amp; Local Business Development (DSLBD) and DC Office of Lottery and Gaming (DCOLG). Michele Ciavarella, Executive Chairman of Elys Game Technology, commented, \u201cOur Management Services Provider (MSP) license with\u00a0Grand Central Restaurant and Sportsbook\u00a0(Grand Central), marked the first Class-B, small-business sportsbook location of &hellip; Continue reading \"Elys Game Technology and Grand Central Announce JV to Establish Second Sportsbook Location in Washington D.C.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\/","og_site_name":"Market Newsdesk","article_published_time":"2022-10-03T13:05:11+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY1NzI4MiM1MTgyOTQ1IzUwMDEwOTUwMA==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Elys Game Technology and Grand Central Announce JV to Establish Second Sportsbook Location in Washington D.C.","datePublished":"2022-10-03T13:05:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\/"},"wordCount":782,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY1NzI4MiM1MTgyOTQ1IzUwMDEwOTUwMA==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/elys-game-technology-and-grand-central-announce-jv-to-establish-second-sportsbook-location-in-washington-d-c\/","name":"Elys Game Technology and Grand Central Announce JV to Establish Second Sportsbook Location in Washington D.C. - 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