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Newgioco Group reopens all land-based betting shops throughout Italy

The Italian government on March 9 imposed restrictions on business establishments due to the coronavirus outbreak but recently lifted them

Newgioco Group, Inc. - Newgioco reopens all land-based betting shops throughout Italy
Newgioco, which reopened its betting shops on June 19, is taking a number of anti-contagion measures in the meantime

Newgioco Group Inc (NASDAQ:NWGI) said Tuesday that all of its land-based betting shops throughout Italy have reopened.

The Italian government on March 9 imposed restrictions on physical business establishments due to the coronavirus (COVID-19) outbreak but recently lifted them.

Newgioco, which reopened its betting shops on June 19, said it is taking a number of anti-contagion measures in terms of maintaining minimum distance, sanitization, and health-related obligations at all locations where its sports betting products are offered.

READ: Newgioco Group adds Oddsmatcher system to its Italian sports betting operations

In addition, both the English Premier League and Italian Serie A soccer championship resumed play over the June 19 weekend to join Spain’s La Liga and the German Bundesliga, bringing most major and minor European soccer leagues back into action with catchup matches over the coming months.

Toronto-based Newgioco currently makes 100% of its revenues in Italy where it first established operations in the early 1990s. The company is in the process of seeking its first US sports betting license in Washington, DC. 

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Price: 2.95 USD

NASDAQ:NWGI
Market: NASDAQ
Market Cap: $36.87 m
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