Games and sports betting technology company Elys Game Technology has introduced its betting platform for certification in New Jersey ahead of a planned rollout in the state, the company announced on Wednesday.
In addition to presenting United States Gameboard Sports betting platform for the New Jersey Department of Game Enforcement, The company has also applied for a transaction waiver, which, once approved, will allow the company to begin installation procedures in the state..
Transactional procedures and waiver are vital steps towards the official launch in New Jersey with partner Ocean Casino ResortCompany statements. The deal was made last year through a wholly owned US company that makes betting at the gambling venue.
Elise Dollars Offers betting platform for New Jersey certification https://t.co/9eNqyByJn8 pic.twitter.com/Jtx6eLuvqz
– ELYS_Gaming Technology January 26 2022
“We are continuing to take full action towards our launch with Ocean Casino Resort Located in the heart of Atlantic City, the submission of our certification platform to the New Jersey Division of Game Enforcement is a significant milestone in achieving this goal.” Michele Ciafarella, CEO of Elys Game Technology.
The CEO further describes the company’s prospective entry into New Jersey as building on Elise’s “multi-sided revenue strategy” The expansion of the traditional casino business, the development of the sports book market for small businesses, and the growth of the mobile iGaming market.
The Ocean Casino Resort first revealed its partnership with Elys in November. Under the agreement, USBookmaking is designated to provide casino trading management services and retail solutions, according to a press release.
“We are excited to partner with USBookmaking to take advantage of their expertise, and deliver a best-in-class experience,” said Bill Callahan, interim CEO of Ocean Casino Resort at the time. “Adding a famous institution like USBookmaking should only serve to promote the betting product on the ground.”
earlier this month, Ocean Casino Resort has provided details of the upcoming $4 million entertainment venue, which is set to include sports betting provided by Elys. The new facility is expected to be operational ‘by summer’.
Construction is expected to begin on the new space, which will also house a bar, lounge and game shows in March. During construction, there will be one window and one sports betting booth.
More information about the completely new concept, including the name, schedule and design details, will be released “later in 2022.” This project is part of the resort’s previously announced reinvestment of more than $75 million this year, which also included 460 new rooms and suites.
Elise Dollars This agreement will allow Lottomatica to accelerate its plans for North America by leveraging Elys’ deep knowledge and strong technologies in the sector, Giuseppe Portoricco, Lottomatica SVPN. We are excited to collaborate with Elys on these developments. pic.twitter.com/05rndni48R
– ELYS_Gaming Technology January 25 2022
at the same time, Elys announced earlier this week that the company has entered into a binding terms sheet with Lottomatica SpA to develop a platform dedicated to esports sports with a focus on North America..
Elys will contribute to a commercial division of its betting technology to integrate into the Lottomatica environmentIt will also ensure functional operation of the product through dedicated engineering and technical service teams.
Furthermore it, The company is set to earn a “tiered license fee” from operating the product, explains a press release. In addition, and subject to regulatory approvals where applicable, “Parties may also collaborate on additional growth initiatives.”