Newgioco Group Changes Name to Elys Game Technology
10 Novembre 2020 - 2:00PM
Business Wire
Elys Game Technology, Corp. (formerly Newgioco Group, Inc.)
(“Elys” or the “Company”) (Nasdaq:ELYS), an interactive gaming and
sports betting technology company, is pleased to announce the
Company has changed its name from Newgioco Group, Inc. to Elys Game
Technology, Corp. The Company’s trading symbol will also change
from NWGI to ELYS at the opening of the markets on November 10,
2020. There is no consolidation of the Company’s share capital in
connection with the name change. As a result, shareholders are not
required to exchange their existing share certificates for new
certificates bearing the Company’s new name. The name change does
not affect the Company’s share structure or the rights of the
Company’s shareholders, and no further action is required by
existing shareholders.
The new name, Elys, comes with a focused and energetic team, to
be introduced over the following few days, to help unlock the
global potential of the Company’s leading-edge gaming and betting
software Elys Gameboard.
“Since inception in 1989 as Newgioco, the Company has built a
robust B2B and B2C multichannel gaming business with over 130
land-based betting-shop, 1,200 webshops and thousands online
players. The name Newgioco, which translates to Newgame, is a
well-respected brand in the regulated Italian market and since 2016
has been a showcase to develop and prove our state-of-the-art
gaming technology designed by our talented engineers,” stated
Michele (Mike) Ciavarella, CEO of Elys Game Technology, Corp. “The
Company’s Italian operations form a foundational pillar of strength
for our business where we operate profitably. Elys leadership
expects to continue to build on this experience in new markets as
we grow forward.”
“With the Company shifting focus towards the large and rapidly
developing U.S. sports betting market, the Company is leveraging
its innovative Elys technology and extensive know to deliver a
world class, end-to-end sports betting solution for gaming
operators around the world,” continued Mr. Ciavarella.
About Elys Game Technology, Corp.
Elys Game Technology, Corp., is a B2B global gaming technology
company operating in multiple countries worldwide, with B2C online
and land-based gaming operations in Italy. In Italy, Elys offers
its clients a full suite of leisure gaming products and services,
such as sports betting, esports, virtual sports, online casino,
poker, bingo, interactive games and slots.
The Company’s innovative wagering solution services online
operators, casinos, retail betting establishments and franchise
distribution networks. The Company has completed the product
regulatory requirements to commence B2B operations in the United
States. Additional information is available on our corporate
website at www.elysgame.com.
Investors may also find us on Twitter @ELYS_gaming.
Forward-Looking Statements
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 “could,” “believe,”
“anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,”
“predict,” “potential,” “project” and similar expressions that are
intended to identify forward-looking statements and include
statements regarding introducing over the following few days a
focused and energetic team and unlocking the global potential of
the Company’s leading-edge gaming and betting software Elys
Gameboard. These forward-looking statements are based on
management'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, our ability to leverage our Elys technology
and deliver a world class, end-to-end sports betting solution for
gaming operators around the world , the duration and scope of the
COVID-19 outbreak worldwide, including the impact to the state and
local economies, and the risk factors described in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2019 and
its subsequent filings with the U.S. Securities and Exchange
Commission, including subsequent periodic 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20201110005687/en/
Elys Game Technology, Corp. Michele Ciavarella, Chief Executive
Officer investor@elysgame.com
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