Elys and Grand Central Announce JV to Establish Second Sportsbook Location in Washington D.C.

Elys Game Technology Corp has announced that it has entered into an agreement to expand its current partnership with the Grand Central Restaurant and Sportsbook, by establishing a new joint venture (JV) to open a second sportsbook location in Washington D.C. The specific location has not yet been disclosed and is subject to approval by the DC Department of Small & Local Business Development (DSLBD) and DC Office of Lottery and Gaming (DCOLG).

Michele Ciavarella, Executive Chairman of Elys Game Technology, said: “Our Management Services Provider (MSP) license with Grand Central Restaurant and Sportsbook (Grand Central) marked the first Class-B, small-business sportsbook location of its kind in the US. We are extremely pleased with the strong performance of this first location in the Adams Morgan district of DC, as illustrated by the continuous growth in betting handle. Given this joint success, we are proud to now announce plans for a second sportsbook location with the ownership of Grand Central in Washington D.C. We believe our sportsbook solutions could play an important role in supporting the recovery of bars, restaurants and other small businesses post pandemic, and are witnessing very strong interest and demand for our solutions and our highly popular Build-Your-Bet feature for sports bettors. We appreciate the support of the DCOLG in establishing and developing our first MSP location and together with DSLDB we now look forward to working closely with District officials and ownership to advance plans for this second location and others underway through this new implementation model.”