International edition
October 25, 2020

For the company's U.S. and Italian operations

Newgioco unveils initial coverage research report by WallStreet Research

Newgioco unveils initial coverage research report by WallStreet Research
Newgioco Group entered the sports betting and online gaming industry initially by completing several acquisitions in Italy, one of the largest gaming markets in Europe.
United States | 10/16/2020

The WSR Research Report highlights the sports betting and interactive gaming technology company’s recent accomplishments and growth plans for 2020 and 2021, for both the U.S. and Newgioco’s Italian operations.

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ewgioco Group announced on Thursday the initiation of research coverage published by WallStreet Research (WSR), a top-ranked independent research firm with a history spanning over four decades.

WallStreet Research is ranked Number One on the Google, Yahoo, and Bing search engines for both small and micro-cap research with a global following.

The initial research report on Newgioco highlights the company’s recent accomplishments and growth plans for 2020 and 2021, for both the U.S. and Newgioco’s Italian operations.

Alan Stone, CEO of WallStreet Research has stated: "We are pleased to announce we have initiated research coverage on Newgioco Group, Inc., a well-positioned gaming and gambling technology company. The Company’s acquisitions during the past several years have positioned it for rapid growth in the near term, which the report discusses. Our report includes analytics and metrics on how the Company compares favorably to its industry competitors and highlights the growth trends in the global gaming industry and technology sectors. Our research team includes three top ranked analysts alongside two interns assisting with in depth research of the topics at hand."

Highlights of the Report

Newgioco Group entered the sports betting and online gaming industry initially by completing several acquisitions in Italy, one of the largest gaming markets in Europe. With both brick-and-mortar and online offerings, the Company offers its gaming products and services through partnerships, web services and agency locations. NWGI has recently expanded into the U.S. through its sports betting platform ELYS, and expects to launch by year-end in Washington DC.

  • September 9, 2020 - The company announced that it has obtained the Gaming Labs International (GLI) “Events Wagering System” certification standard GLI-33 for its ELYSTM Betting Platform. e GLI-33 technical specifications standard certifies the Company’s betting system and retail functionality and is phase one of a multi-tiered plan for operations throughout the United States.

  • September 1, 2020 - The company announced announce that Odissea Betriebsinformatik Beratung GmbH, its wholly-owned software development subsidiary, has completed Stage 2 compliance and testing procedures and has obtained ISO-27001: 2013 certification for safety management. This certification allows for the management of sensitive third party information such as financial and legal assets and personal details involved in encrypting communications. This reassures customers that their information is secure and the company is operating at an international quality standard.

  • August 25, 2020 - The company announced that it has reached the top five out of 29 in Italian online Poker services with 5.56% of the market share - according to a recent report by industry publication: Agenzia Giornalistica Sul mercato Del Gioco.

  • August 17, 2020 - The company announced the closing of a $10 million dollar underwritten public offering. The company had previously announced 4,166,666 units at a price of $2.40. Newgioco received gross proceeds of approximately $10.0 million, before deducting underwriting discounts and commissions and other estimated offering expenses.
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