Elys Adds Third Sportsbook Location In Washington, D.C.

Author: Benzinga Newsdesk | October 10, 2023 08:07am

Elys Game Technology, Corp. ("Elys" or the "Company") (NASDAQ:ELYS) (BER:3UW), an interactive gaming and sports betting technology company, today announced the expansion of its footprint in Washington, D.C. with the addition of a third sportsbook location, Grand Central Sportsbook on H Street. The new location builds on the success of both the Grand Central Restaurant and Sportsbook and the Cloakroom Gentlemen's Club Over Under Sportsbook Lounge, which have been operating successfully in the nation's capital.

Since the inaugural launch of the small business sportsbook at the Grand Central Restaurant and Sportsbook in October 2021, Elys has been actively seeking opportunities for program expansion. This proven model, which has achieved wide success in Europe, is steadily gaining momentum in the United States. As the sports betting landscape evolves, and more states embrace the small business sportsbook concept, Elys is positioned to capitalize on the burgeoning market.

"The small business model presents a compelling opportunity as it offers customers convenient access to betting on their favorite sports while enjoying a night out at their local social establishment," said Michele Ciavarella, Executive Chairman of Elys Game Technology, Corp. "We are buoyed by industry trends in the United States and believe that as more states adopt this model, we can rapidly expand our customer base with minimal upfront costs."

Grand Central Sportsbook on H Street, located at 625D H Street NE in Washington, D.C., is expected to open in Q4 - 2023. Commencement of sports wagering at Grand Central Sportsbook is subject to final approval by the DC Office of Lottery and Gaming (DCOLG).

Posted In: ELYS