- 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.
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:
Brett Maas (646) 536-7331
Newgioco Group, Inc.
Ralph Garcea, VP Corporate and Business Development
Tel: (416) 304-9125