Newgioco Signs Expansion Deal Into Southern Italy

Newgioco Signs Expansion Deal Into Southern Italy

– Agreement strengthens footprint and boosts accretive growth in core Italian market

– Market response to cutting-edge ELYS betting platform continuous to drive growth

NEW YORK, April 10, 2019 – Newgioco Group, Inc. (“Newgioco” or the “Company”) (OTCQB: NWGI), today announced that the Company has signed a key operator based in Malta with a large network of regulated locations and online gaming business throughout southern Italy.

Our new customer previously operated through a licensed competitor prior to selecting the unique and innovative features of our ELYS™ betting Platform to improve the visibility of their gaming business analytics and bet risk-management throughout their venues. The agreement represents an accretive expansion of Newgioco’s distribution footprint in regulated stores and establishments such as bars, coffee shops, convenience stores, betting shops and other route operations throughout southern Italy and Sicily.

“Once again our team in Europe lead by Alessandro Marcelli, boosted by the recent addition of Angelo Merola, a highly respected name throughout the regulated Italian gaming industry, have proven the value of incorporating our ELYS™betting Platform by Odissea in the highly contested and vibrant Italian sports betting market,” commented Newgioco CEO Michele Ciavarella. “As a result of our recently launched Angular™ JavaScript website framework we expect a rapid go-to-market turnaround with bet processing starting in May 2019. Based upon their past performance, we anticipate an increase of approximately $350,000 in sports betting and $2 million in online Casino handle per month from this new operator.”

About Newgioco Group, Inc.

Newgioco Group, Inc., headquartered in Toronto, Canada, is a vertically-integrated leisure gaming technology company, with fully licensed online and land-based gaming operations and innovative betting technology platforms that provide bet processing for casinos and other gaming operators. The Company conducts its business under the registered brand Newgioco primarily through its internet-based betting distribution network on its website, www.newgioco.it as well as retail neighborhood betting shops situated throughout Italy.

The Company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots. Newgioco also owns and operates innovative betting platform software providing both B2B and B2C bet processing for casinos, sports betting and other online and land-based gaming operators. Additional information is available on our corporate website at www.newgiocogroup.com.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements and includes statements such as the expectation of a rapid go-to-market starting in May 2019 as a result of our recently launched Angular™ website framework and that the addition of this new operator to add approximately $350,000 in sports betting and $2 million per month in online Casino handle.  These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements.  Important factors that could cause actual results to differ materially from current expectations include our ability to develop the customer webskin and go to market by May 2019 through the use of Angular™ JavaScript design, design; our ability to add approximately $350,000 in sports betting and $2 millionper month in online Casino handle from this new operator, and the risk factors described in our Annual Report on Form 10-K and subsequent filings with the U.S. Securities and Exchange Commission, including subsequent periodic reports on Forms 10-Q and 8-K.  The information in this release is provided only as of the date of this release, and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.

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SOURCE Newgioco Group, Inc.

Newgioco CEO Mike Ciavarella Discusses Elys Betting Platform in Gambling Insider Magazine

  • Editorial Highlights the Challenges Faced by Casino Sportsbooks

NEW YORK, April 8, 2019 /PRNewswire/ — Newgioco Group, Inc. (“Newgioco” or the “Company”) (OTCQB: NWGI), today announced that Gambling Insider Magazine has published an exclusive editorial by Company CEO Mike Ciavarella. In the editorial, Mr. Ciavarella highlights the need for casinos and route operators to employ sophisticated business and artificial intelligence to the management of their sports books in order to build and sustain a transparent and level playing field for both players and operators alike.

 

“I am honored to have been able to comment on the fast rise of sports betting in the midst of complicated software terminology and the exuberance by casinos and patrons alike to partake in an active sports book as well as the many challenges and opportunities this creates for operators,” stated Mike Ciavarella, Chief Executive Officer of Newgioco. “Newgioco’s Elys™ betting platform by Odissea is a best-in-class differentiated solution that helps licensed operators quickly analyze risk and maximize profit. Utilizing sophisticated technology-based risk management and adaptive business intelligence, Elys aims to be a key business partner of betting operators around the world.”

 

Elys is currently being used by over 25 partner operators in 12 countries including: Italy, Peru, Nigeria, Paraguay, Albania, Honduras, Colombia, Mexico, Dominican Republic, Uganda, Nicaragua, and Turkey and soon to be deployed through recently signed agreements with both tribal casino and commercial route operations in the U.S.

 

As stated by Mr. Ciavarella in the editorial, “Specialized stacked schematics combines processing technology, applications, and human skill to extract key data from incoming bets to reveal observations that would otherwise be imperceptible by human traders and off-the-shelf, plug-in risk management software alone.”

 

The editorial can be read in its entirety by visiting: https://www.newgiocogroup.com/home/in-the-news/

 

About Newgioco Group, Inc.

 

Newgioco Group, Inc., headquartered in Toronto, Canada, is a vertically-integrated leisure gaming technology company, with fully licensed online and land-based gaming operations and innovative betting technology platforms that provide bet processing for casinos and other gaming operators. The Company conducts its business under the registered brand Newgioco primarily through its internet-based betting distribution network on its website, www.newgioco.it as well as retail neighborhood betting shops situated throughout Italy.

 

The Company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots. Newgioco also owns and operates innovative betting platform software providing both B2B and B2C bet processing for casinos, sports betting and other online and land-based gaming operators. Additional information is available on our corporate website at www.newgiocogroup.com.

 

Forward-Looking Statements

 

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements and include statements regarding Elys aim to be a key business partner of betting operators around the world, and our plans to deploy Elys in tribal casino and commercial route operations in the U.S. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward- looking statements. Important factors that could cause actual results to differ materially from current expectations include our ability to make Elys a key business partner of betting operators around the world,  our ability to deploy Elys in tribal casino and commercial route operations in the U.S and the risk factors described in our Annual Report on Form 10-K and subsequent filings with the U.S. Securities and Exchange Commission, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.

For further information, please contact:

 

Hayden IR

Brett Maas (646) 536-7331

nwgi@haydenir.com

 

Newgioco Group, Inc.

Ralph Garcea, VP Corporate and Business Development

r.garcea@newgiocogroup.com

Tel: (416) 304-9125

Newgioco Signs Multi-year Deal with First Tribal Casino Operator

Newgioco Signs Multi-year Deal with First Tribal Casino Operator

Newgioco selected to provide ELYS betting platform to Northern Winz Casino in Montana

Newgioco unveils customized tribal games at NIGA 2019 in San Diego

PR Newswire

NEW YORK, April 5, 2019 /PRNewswire/ — Newgioco Group, Inc. (“Newgioco” or the “Company”) (OTCQB: NWGI), today announced that the Company entered into a multi-year agreement with the Chippewa Cree Tribe in Box Elder, Montana to deploy Newgioco’s ELYS sports betting platform at the Northern Winz Casino.

Raymond Parker, General Manager of Northern Winz Casino stated, “After thoroughly exploring several betting providers, we are extremely pleased to have selected Newgioco to provide Class 1 betting solutions for our tribal casino. Newgioco’s management team continued to work closely with our representatives for several months and demonstrated a considerable shared-vision to help our council fully understand the unique aspects and risks of this new business line for our community. They were the only betting provider we found that dedicated a team of experts to quickly customise an indigenous game offering for tribal casino operators. To reach our selection of Newgioco, we considered their unblemished track record of regulated sports betting and virtual gaming operations in Europe, their united team approach to working with us, as well as the extraordinary customisation and in-depth risk management of the ELYS platform that perfectly suits our unique tribal needs.”

“Newgioco continues to capture market share with tribal casinos in the United States following the landmark Supreme Court decision which legalized sports betting nationwide,” commented Newgioco CEO Michele Ciavarella. “While we await a decision on sports betting in Montana and many other states, this united partnership with the Chippewa Cree allows us to pioneer a unique library of Class 1 indigenous games so that tribal casino patrons can bet on their favorite games in safe, regulated environment. The agreement with Chippewa Cree aligns with our core business of connecting with our clients by creating innovative tribal focused betting solutions through our ELYS platform and the many advantages this partnership can offer to the tribal gaming community as a whole.”

Newgioco is exhibiting at the National Indian Gaming Association (NIGA) Tradeshow & Convention (Booth #1550) at the San Diego Convention Center. Due to the uncertain regulatory timetable, Newgioco is unable to determine the impact, if any, that the agreement will have on its 2019 revenues. The deployment of Newgioco’s ELYS sports betting platform at the Northern Winz Casino will be subject to any required certification and approvals of the Gambling Control Division of the Montana Department of Justice.

About Newgioco Group, Inc.

Newgioco Group, Inc., headquartered in Toronto, Canada, is a vertically-integrated leisure gaming technology company, with fully licensed online and land-based gaming operations and innovative betting technology platforms that provide bet processing for casinos and other gaming operators. The Company conducts its business under the registered brand Newgioco primarily through its internet-based betting distribution network on its website, www.newgioco.it as well as retail neighborhood betting shops situated throughout Italy.

The Company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots. Newgioco also owns and operates innovative betting platform software providing both B2B and B2C bet processing for casinos, sports betting and other online and land-based gaming operators. Additional information is available on our corporate website at www.newgiocogroup.com.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements and includes statements such as the plan to deploy the Elys sports and virtual betting platform at the Northern Winz Casino in Montana and the many advantages the partnership can offer to the tribal gaming community as a whole. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements.  Important factors that could cause actual results to differ materially from current expectations include our ability to obtain any required certification and approvals from the Gambling Control Division of the Montana Department of Justice to use the Elys sports and virtual betting platform at the Northern Winz Casino in Montana; our ability to implement our plans to expand  sports betting in other states; and the risk factors described in our Annual Report on Form 10-K and subsequent filings with the U.S. Securities and Exchange Commission, including subsequent periodic reports on Forms 10-Q and 8-K.  The information in this release is provided only as of the date of this release, and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.

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SOURCE Newgioco Group, Inc.