Elys Game Technology Receives Conditional License Approval

NEW YORK, NY, November 23, 2022 (GLOBE NEWSWIRE) — Elys Game Technology Corp. (“Elys” or the “Company”) (Nasdaq: ELYS)(BER:3UW)an interactive gaming and sports betting technology company, announced today that on April 16th The Company has been granted conditional approval for the Type C Sports Games Ownership License by the Ohio Casino Control Commission (“OCCC”) for a period of 5 years effective January 1, 2023. Commencement of betting transactions in Ohio is subject to obtaining all other necessary certifications and licensing, and is conditional on payment of royalties, continued eligibility of the owner, and continued adherence to the OCCC’s compliance requirements for the duration of the license.

The Company has begun programming its technology platform to meet Ohio Lottery betting compliance specifications and has entered into an agreement to purchase 100 point-of-sale terminals and 100 self-service betting terminals for installation at host locations in hit all of Ohio. The company is committed to processing all additional requirements and certifications in order to start operations as soon as possible and to provide the best possible product for sportsbooks and our host operators in Ohio.

About Elys Game Technology, Corp.

Elys Game Technology Corp., is a global B2B gaming technology company operating in multiple countries worldwide, with B2C online and land-based gaming operations in Italy. Elys offers its customers a full range of leisure gaming products and services such as sports betting, e-sports, virtual sports, online casino, poker, bingo, interactive games and slot machines in Italy and operates in five states as well as the District of Columbia on the US market. Elys’ vision is to become a global leader in the gaming industry through the development of groundbreaking and innovative technologies.

The Company provides betting solutions, services to online operators, casinos, retail bookmakers and franchise distribution networks. For more information, visit our corporate website at www.elysgame.com.

Investors can 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 identifiable by the use of the words “may”, “believe”, “anticipate”, “”. intend”, “estimate”, “expect”, “may”, “continue”, “predict”, “potential”, “project” and similar expressions intended to identify forward-looking statements and include statements regarding the Company’s plans for betting transactions in Ohio begin, the Company will program its technology platform to meet the Ohio Lottery’s betting compliance specifications, and the Company will acquire 100 point-of-sale terminals and 100 self-service betting terminals for installation at host locations throughout Ohio. 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 and which could cause actual results to differ materially from the current assumptions made by those set forth or implied in any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to obtain all required certifications and licenses from the OCCC, the Company’s ability to purchase 100 Point of-sale terminals and 100 self-service terminals to complete betting terminals for installation at host locations throughout Ohio, the duration and magnitude of the COVID-19 outbreak worldwide, including the impact on the state and local economy, and the risk factors discussed in the annual report of the Company on Form 10-K for the year ended December 31, 2021 and its subsequent filings with the US Securities and Exchange Commission, including subsequent quarterly reports on Form 10-Q and current reports on Form 8-K. The information in this press release is provided only as of the date of this press release, and the Company undertakes no obligation to update or publicly revise any forward-looking statements after the date on , whether as a result of new information, future events or otherwise in which the statements are made or to reflect the occurrence of unforeseen events, except where required by law.

Company contacts:

Elys Game Technology Corp.
Investor Relations
Phone: 1-628-258-5148
E-mail: [email protected]

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