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Newgioco gets regulatory nod to bring Elys sportsbook to Washington DC

It received GLI-33 “Events Wagering System” approval, which certifies the Elys betting system and the retail functionality of Newgioco’s point-of-sale terminal

Sports betting in Las Vegas
Newgioco operates global leisure gaming technology in 12 countries worldwide, with fully licensed online and land-based gaming operations in Italy

Newgioco Group Inc (NASDAQ:NWGI) (FRA:3UW) has earned the necessary certification from Gaming Labs International (GLI) to launch its Elys sportsbook platform in Washington DC, the company announced Wednesday.

The company received what is called GLI-33 “Events Wagering System” approval, which certifies the Elys betting system and the retail functionality of Newgioco’s point-of-sale (POS) terminal.

This is the first phase of Newgioco’s multi-tiered plan to unveil its new Elys betting platform for operations throughout the US. The second phase, which involves testing its Self-Service Betting Terminals (SSBT), is currently underway, the company said.

READ: Newgioco says wholly-owned software development subsidiary has obtained ISO-27001:2013 certification for safety management

“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,” CEO Michele Ciavarella said in a statement. “This 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.”

Newgioco operates global leisure gaming technology in 12 countries worldwide, with fully licensed online and land-based gaming operations in Italy.

“Getting it right the first time is 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,” Ciavarella said.

Gaming Laboratories International is the largest independent testing laboratory for land-based, lottery and iGaming technology in the world, the company said. 

“We are excited to have obtained GLI-33 certification and are pleased with the seamless interaction of testing protocols with the team at GLI,” Newgioco VP of Technology Luca Pasquini said. “We are eager to move on to the kiosk and mobile testing phases on our new US-facing platform ahead of schedule.”

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

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Price: 3.3 USD

NASDAQ:ELYS
Market: NASDAQ
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