Elys Game Technology has signed a deal with Petworth Wagering, LLC to operate a sportsbook at Entitlement Restaurant and Cigar Lounge in Washington DC. Its USBookmaking subsidiary is expected to provide bookmaking services and sports wagering in the restaurant.
Pending license approval, this will be Elys’ fifth Washington DC restaurant sportsbook location.
The deal’s initial term is for three years once a license has been issued and can be extended twice for another possible two years.
Elys Executive Chairman Michele Ciavarella commented: “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 DC and neighboring states over the coming months.
“We believe that 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. Partnering with Entitlement provides further affirmation of the scalability and flexibility of the Elys retail sportsbook solution and is a key driver in our pathway to profitability and development of long-term shareholder value in Elys Game Technology.”
Elys is an interactive gaming and sports betting technology company. It operates in multiple countries worldwide and currently has operations in six US states. Elys offers gaming products and services, such as sports betting, esports, virtual sports, online casino, poker, bingo, interactive games and slots.
The company also provides wagering solutions and services to online operators, casinos, retail betting establishments and franchise distribution networks.
