Elys Game Technology has been granted approval by the DC Department of Small & Local Business Development of BetDuont to gain a licence to operate in Washington, DC.
Subject to regulatory approval, the first part in a two-step process to obtain the licence required to operator Elys’ white label sportsbook solution at the Ozio Lounge, the third location in Washington DC, will have an initial term of three years from the date of issuance of the licence with a minimum of two anticipated extensions of two years each.
Commenting on the approval, Michele Ciavarella, Elys Executive Chairman, expressed: “We believe the increasing pace of approvals demonstrates our US expansion momentum, as well our ability to operate sportsbooks as an ancillary product for restaurants, bars and other small business establishments in a fully compliant manner,
“We are excited to partner with District Hospitality and believe the launch of our sportsbook solution will help further establish the Ozio Lounge as a premier destination for both local guests and tourists alike. We also appreciate the support of the DSLBD, which illustrates their commitment to helping both small businesses and the local DC economy.
“Our sportsbook solution is not only garnering attention within DC, but we believe that interest is growing rapidly in this sector across the nation. We look forward to announcing additional retail locations in the near future, and to replicating this success in additional markets, including our recently announced expansion into the state of Ohio.”
The Ozio Lounge is situated in the Dupont Circle area of Washington, DC, and is a chic lounge bar featuring table and cigar service and a full-service Mediterranean/American fusion dining experience.
Following the launch of its small business strategy, Elys has already placed its sportsbook solution at the Grand Central Restaurant and Sportsbook and expects to receive regulatory approval to open its second sportsbook operation at the Cloakroom Gentlemen’s Club under the Cloakbook bran.
In April 2022, the firm also announced its CBEJV with AllBets, and in June 2022, the company announced its fourth planned sportsbook location at the Entitlement Restaurant and Lounge in Washington, DC, both of which are pending approval by the DSLBD.