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Newgioco via subsidiary Multigioco plans to install up to 400 self-service point of sale locations in Italy

The installation has commenced with the first 100 NGoy Virtual Operator terminals to be operational by December 2020 and an additional 300 to be installed through 2021

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Newgioco intends to expand deployment of the NGoy terminal in other European countries that permit regulated sports betting

Newgioco Group Inc (NASDAQ:NWGI) via its wholly-owned subsidiary Multigioco Srl plans to install up to 400 new self-service point-of-sale locations throughout Italy with the launch of NGoy Virtual Operator terminals.

In a statement Monday, the company said it has commenced installation with the first 100 NGoy terminals to be operational in Italy by December 2020 and an additional 300 to be installed through 2021. Additionally, Newgioco intends to expand the deployment of the NGoy terminals in other European countries that permit regulated sports betting.

The Newgioco design-built kiosk, commissioned under a previously announced agreement with VNE Produzione Srl, is an all-in-one self-service terminal that allows frictionless access to player gaming accounts for remote deposits and withdrawals along with the convenience of loading and re-loading of pre-paid cards, phone cards, and a variety of other banking services, including bill-paying features.

READ: Newgioco gets regulatory nod to bring Elys sportsbook to Washington DC

“Our NGoy branded virtual operator terminal is a first of its kind and built to address market demand from our customers in Italy for reliable, seamless accessibility to their gaming accounts and to provide convenient ancillary services in a one-stop solution,” said Alessandro Marcelli, vice president of operations at Newgioco.

“At full capacity, we expect that each new terminal location could generate approximately $35,000 to $40,000 in gross gaming and other value-added service revenues on an annual basis and believe that our NGoy terminal will provide a unique customer engagement edge as we expand into additional European and newly regulated U.S. markets.”

Newgioco, based in Toronto, operates in 12 countries around the world and offers its clients a full suite of leisure gaming products and services, such as sports betting, esports, virtual sports, online casino, poker, bingo, interactive games, and slots.

Contact the author: [email protected]

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Quick facts: Newgioco Group, Inc.

Price: 1.81 USD

NASDAQ:NWGI
Market: NASDAQ
Market Cap: $30.23 m
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