Elys Game Technology completes formal license approval process in Ohio

(PRESS RELEASE) -- Elys Game Technology Corp., an interactive gaming and sports betting technology company, today announced that on 31 December the Company’s wholly owned subsidiary Elys Gameboard Technologies, LLC received approval for Type C sports gaming proprietor licensure from the Ohio Casino Control Commission for a period of five years effective 1 January 2023. The commencement of betting transactions in Ohio remains subject to ongoing proprietor suitability and continuous maintenance of compliance requirements of the Ohio Lottery as well as any additional required compliance and certifications for the duration of the license.

As previously announced, the Company has commenced programming of its technology platform to comply with betting compliance specifications of the Ohio Lottery and while actively pursuing as many as up to 3,000 potentially approved host locations available, plans to launch the currently signed 100 plus host locations in phases commencing in the first half of 2023 and in time for ensuing major league sports season in mid-August. With over 30 plus years of experience in the small business leisure betting sector, the Company intends to invest in the right infrastructure to protect the integrity of the market and prior to launching, ensure problem-free operations for our hosts for years to come. We, and our partners, are committed to providing the best possible solution for sports bettors and long-term prosperity for our host operators in Ohio.