Elys Game Technology has received the green light from the DC Department of Small & Local Business Development (DSLBD) of BetDupont, for a certified business enterprise joint venture (CBEJV) between the company and Washington DC’s District Hospitality.
The company recently signed a sportsbook partnership deal with District Hospitality, with an initial three-year term from the license issuance date. The deal includes room for two anticipated extensions, lasting for two years apiece.
Under the terms of the agreement, Elys will launch a sportsbook at Ozio Lounge, which is operated by District Hospitality. The sportsbook’s opening is subject to regulatory approval from the DC Office of Lottery and Gaming (DCOLG).
Elys Executive Chairman Michele Ciavarella said: “While this approval is the first in a two-step process to obtain the license required to operate our sportsbook solution at the Ozio Lounge, we believe the increasing pace of approvals demonstrates our US expansion momentum, as well our ability to operate sportsbooks as an ancillary product for restaurants, bars and other small business establishments in a fully compliant manner.
“We are excited to partner with District Hospitality and believe the launch of our sportsbook solution will help further establish the Ozio Lounge as a premier destination for both local guests and tourists alike.”
In addition to its sportsbook, the company provides wagering solutions and services to online operators, casinos, retail betting establishments and franchise distribution networks.
Ciavarella noted that Elys anticipates adding retail locations in DC “in the near future” and commented about the growing sportsbook market throughout the region.
He concluded by saying: “Our sportsbook solution is not only garnering attention within DC, but we believe that interest is growing rapidly in this sector across the nation.
“We look forward to announcing additional retail locations in the near future, and to replicating this success in additional markets, including our recently announced expansion into the state of Ohio.”
