Newgioco Obtains GLI-20 and GLI-33 Certification for Kiosk Installations of Elys Platform
22 Outubro 2020 - 9:00AM
Business Wire
Newgioco Group, Inc. (“Newgioco” or the “Company”) (Nasdaq:
NWGI), a global sports betting and interactive gaming technology
company, is pleased to announce that the Company has received
Gaming Labs International (GLI®) certification to the GLI 20:
Standards for Kiosks and GLI-33: Event Wagering Systems standards
for the self-service betting terminal (“SSBT” or “kiosk”)
installation of its Elys sports betting platform.
GLI is the world’s largest and most experienced independent
testing laboratory delivering the highest quality land-based,
lottery and iGaming testing and assessment services to regulators,
suppliers, and operators in the gaming industry. The 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
Company will now commence the final phase of testing the Elys
mobile platform.
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.”
About Newgioco Group, Inc.
Newgioco Group, Inc., is a global leisure gaming technology
company operating in 12 countries worldwide, with fully licensed
online and land-based gaming operations in Italy. In Italy,
Newgioco 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 alternative wagering system 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.newgiocogroup.com.
Investors may also find us on Twitter @NWGI_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 the commencement of the final phase of testing
the Elys mobile platform, the commencement of installations in DC
and completion of the state licensing process, the addressable
market for Elys technology significantly outsizing that of our
foundational market in Italy over the next few years, and Elys
technology making its mark on the industry in the coming years.
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 successfully commence the final phase of testing the
Elys mobile platform, our ability to commence installations in DC
and complete the state licensing process, our ability to expand the
addressable market for Elys technology over the next few years, the
impact of the Elys technology on the gaming industry in the coming
years, 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/20201022005293/en/
Newgioco Group, Inc. Michele Ciavarella, Chief Executive Officer
investor@newgiocogroup.com
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