he Company´s Elys technology was certified by GLI in accordance with the testing, inspection and compliance procedures of GLI-20, GLI-33 and the standards set out by the DC Lottery and Gaming Commission. .
The kiosk installation system is designed to facilitate the transaction of land-based (retail) sports betting through kiosks in licensed betting venues and potentially a wide variety of other establishments such as OTB and sports bars throughout the U.S. where permitted.
The certification of the Company’s Elys self-service betting terminal clears the final hurdle to commence installations in DC, which is subject to completion of the state licensing process.
“The U.S. market opportunity has grown significantly since the repeal of PASPA in May 2018 with about 21 states now allowing regulated sports betting either through online or land-based channels,” commented Mike Ciavarella, CEO of Newgioco Group, Inc. “We estimate that the addressable market for our Elys technology can significantly outsize that of our foundational market in Italy over the next few years. Elys is an innovative and state-of-the-art betting technology that certainly should make its mark on the gaming industry in the coming years.”
“GLI is pleased to have had the privilege to work with Newgioco on this project. Their team was enthusiastic, supportive and professional throughout the process which was a key contributor to the success of the evaluation,” adds Salim Adatia, GLI’s Vice President of Client Services for North America. “As the only independent lab working with all regulated jurisdictions worldwide – both existing and emerging – we are excited to continue our work with Mike and his team as we help Newgioco navigate the way forward with their expansion plans.”