The company seeks to expand its operation in new markets

Newgioco establishes US operating subsidiary

"We are thrilled with the progress of the Elys US development program and look forward to launching our platform in the very near future,” said Michele Ciavarella, Newgioco’s CEO.
2020-06-10
Reading time 49 seg
Newgioco, a global sports betting and interactive gaming technology company announced that it has completed the formation of Elys Gameboard Technologies, a wholly owned subsidiary for the purpose of expanding the Company's sports betting operations throughout the US.

Newgioco seeking first sports betting license and launching its new Elys US sports betting platform with Handle 19, Inc., in historic Capitol Hill area of Washington, DC by the third quarter of 2020

The Company is currently coding its leading-edge Elys betting platform for US certification and will provide investors with timely updates as this key development progresses.

“As part of a long-term global expansion plan, Newgioco takes in a prudent and strategic approach for launching in new markets and we are executing our plan to enter into the US market in the same manner,” stated Michele (Mike) Ciavarella, Newgioco’s Chief Executive Officer. “Our 20 plus years of regulated sports betting experience, has taught us that long-term success in the US market means thorough planning and preparation before taking steps to deploy a product that will work properly in this market. We are thrilled with the progress of the Elys US development program and look forward to launching our platform in the very near future.”

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