The sports betting operator is now conducting the second phase of its testing of the self-service betting terminal through its collaboration with the United Tote Company.
Commenting on the news, Newgioco Michele Ciavarella, said: “Completing the first phase of GLI certification is another major milestone in positioning Newgioco to obtain the required licenses and commence operations in the US market.
“The certification is a key component of our multi-year business growth strategy and the investments we made for expansion into new markets outside of Italy.
“Getting it right the first time it critical to a successful launch in the US and I am very pleased with the outstanding dedication of our software developers, compliance team and project managers at Odissea to accomplish this mandate.”
Newgioco reported a 19% drop in revenue year-on-year for the first half of 2020, at $15m. Turnover fell 11% to $210m, while online turnover grew 4% to 182.2m.
Despite this, the operator halved its net loss for the period as a result of reduced operating costs. Costs fell from $2.6m in H1 2019 to $881,377 in 2020.
