Elys Game Technology Adds Fifth D.C. Location in New Sportsbook Deal
The gambling industry is constantly evolving and growing. With new technologies and opportunities, companies are always looking for new ways to expand their reach. Elys Game Technology,. Corp. is one of those companies.
As more states legalize gambling, companies are racing to establish a presence in the market. Elys Game Technology is one of the leading gambling companies, and they have just announced a new partnership that will see them open a fifth D.C. location.
The new location will be a sportsbook, and it marks a significant expansion for the company.
This is just the latest example of how gambling companies are moving into the mainstream, and it is sure to have a significant impact on the industry as a whole.
Elys Game Technology is a gambling software provider that offers its services to both online and offline gambling operators. The company is situated in Malta and was launched in 2017.
Online gambling operators use its sportsbook solution to offer sports betting to their customers. In addition to its sportsbook solution, Elys Game Technology also provides a casino gaming platform and a poker platform. The company’s products are available in 26 languages and 30 currencies.
In an official press release, Michele Ciavarella, Elys Executive Chairman, shared: “We are looking forward to launching our fifth sportsbook with our latest partners and management team at Entitlement Restaurant and Cigar Lounge in the Petworth district of Washington, DC. and to further expanding our sportsbook footprint within restaurants and bars in D.C. and neighboring states over the coming months,”
The new sportsbook will operate at Entitlement Restaurant and Cigar Lounge (“Entitlement”) located at 829 Upshur Street N.W., in Washington DC. According to Elys Game Technology, Entitlement will be the fifth restaurant and bar in Washington, DC, where customers can enjoy the thrill of sports betting on the Elys sportsbook system if licensed successfully.
The agreement has a three-year initial duration from the date of license issuance, with two possible two-year extensions.
They perceive that incorporating sports betting into an attractive environment where guests can enjoy their favorite food and beverages will give an establishment a whole new feel that can also generate additional revenue and create job chances for small enterprises.
And its partnership with Entitlement proves the scalability and flexibility of the Elys retail sportsbook solution and is a significant driver in Elys Game Technology’s route to profitability and long-term shareholder value development.
The company already has a presence in other U.S. states, including Nevada, New Jersey, Pennsylvania, and Mississippi.
The gaming technology company has been growing rapidly in recent years. In 2020, the company’s revenue was $37.3 million. In 2021, it garnered $45.6 million exceeding the company goal by $0.5 million and up 22.2 percent year-over-year (YoY).
This growth can be attributed to the company’s aggressive expansion strategy. The company has been working on expanding its reach in the online gambling industry. Elys Game Technology partnered with 888 Holdings, one of the world’s largest online gambling operators. The deal allowed 888 to use Elys Game Technology’s products in the U.S. market.
In Italy, Elys has a gambling license that was issued by the AAMS, now ADM, in 2011. The U.K. Gambling Commission also licenses the company. Elys has been operational for over 15 years and its experience in gambling is unrivaled. The company has a team of experienced professionals who have a deep understanding of the gambling industry.
At the Grand Central Restaurant and Sportsbook in the Adams Morgan neighborhood of Washington, DC, Elys debuted their small business plan to place a white label sportsbook in restaurants and bar venues in October 2021.
The strategy is a result of the company’s belief that gambling should be an enjoyable social activity that can take place in a variety of different venues.
The launch of the sportsbook at Entitlement is part of Elys Game Technology’s more comprehensive small business strategy. The company plans to roll out its sportsbooks to other restaurants and bars in Washington, DC, and neighboring states in the coming months. They are dedicated to providing consumers with a safe and secure gambling environment.
Elys Game Technology has met all of the product regulatory requirements to start B2B operations in the United States.
The Benefits of a Sportsbook Deal
People nowadays prefer gambling in a more relaxed environment. This is the reason why sportsbooks are becoming more popular because it is a place where people can gamble on their favorite sports teams.
A sportsbook deal will benefit both the customer and the business owner. The customer will be able to gamble in a more relaxed environment, and the business owner will be able to earn more revenue.
For both parties concerned, this deal is a win-win situation. So, if you operate a business, you should start considering a sportsbook partnership. It will undoubtedly benefit your company and boost income.
Just like Michele Ciavarella, Elys Executive Chairman, said, “adding sports wagering within an exciting environment where patrons can enjoy their favorite food and beverages could bring an entirely new vibe to the establishment and could drive ancillary revenue and foster employment opportunities for small businesses.”
Evolution of the Gambling Industry
In television shows, gambling is often associated with seedy characters in smoky back rooms. However, the gambling industry has changed a lot in recent years. The industry is now more regulated, and there are a variety of different gambling options available.
The gaming industry has grown to be worth billions of dollars each year. There are a lot of people who are interested in gambling, and the industry is continuing to grow.
Recent gambling news has revealed that the gambling industry is now worth $450 billion. This is a massive increase from the $380 billion that it was worth in 2014. The gambling industry is expected to continue to grow in the coming years.
Sportsbook gambling is one of the most popular gambling options. This is because people can gamble on their favorite sports teams. It is a very exciting way to gamble, and it can be very profitable.
In recent years, the gambling industry has come a long way, and it is only going to get bigger.
With the new sportsbook at Entitlement, this kind of gambling will become even more popular.
With that said, you may ask: is the ordinary way of gambling dying? Well, no. There are still a lot of people who prefer to gamble in the traditional way. The gambling industry, on the other hand, is evolving, and more people are getting interested in gambling in a more casual atmosphere.
In Closing
The gambling industry is constantly evolving and Elys Game Technology is always innovating to stay ahead of the curve. This is for the reason that the gambling industry is driven by the needs of the customer. With its new sportsbook deal in Washington D.C., the company is positioning itself for continued success in the gambling industry.
This deal will surely attract more customers and gambling enthusiasts to their establishment. And will also bring in more revenue for the company. It is, once again, a win-win situation for both parties involved.
We hope that this article has been informative and helpful. Stay tuned for more gambling news and updates. And remember, always gamble responsibly.
Thank you for reading!