Newgioco obtains GLI 20 and GLI-33 certification for kiosk installations of Elys Platform

Newgioco Group Inc (NASDAQ:NWGI) (FRA:3UW) announced Thursday that the company has received Gaming Labs International (GLI) certification - GLI 20: Standards for Kiosks and GLI-33: Event Wagering Systems standards - for the self-service betting terminal installation of its Elys sports betting platform.  The company said that GLI is the world’s largest and most experienced independent testing laboratory delivering the highest quality land-based, lottery and iGaming testing and assessment services to regulators, suppliers, and operators in the gaming industry.  The company´s Elys technology was certified by GLI in accordance with the testing, inspection and compliance procedures of GLI-20, GLI-33 and the standards set out by the DC Lottery and Gaming Commission. The company will now commence the final phase of testing the Elys mobile platform. READ: Newgioco via subsidiary Multigioco plans to install up to 400 self-service point of sale locations in Italy Newgioco said the kiosk installation system is designed to facilitate the transaction of land-based (retail) sports betting through kiosks in licensed betting venues and potentially a wide variety of other establishments such as OTB and sports bars throughout the US where permitted. The certification of the company’s Elys self-service betting terminal clears the final hurdle to commence installations in DC, which is subject to completion of the state licensing process. “The U.S. market opportunity has grown significantly since the repeal of PASPA in May 2018 with about 21 states now allowing regulated sports betting either through online or land-based channels,” said Mike Ciavarella, CEO of Newgioco. “We estimate that the addressable market for our Elys technology can significantly outsize that of our foundational market in Italy over the next few years. Elys is an innovative and state-of-the-art betting technology that certainly should make its mark on the gaming industry in the coming years.” Contact the author: patrick@proactiveinvestors.com Follow him on Twitter @PatrickMGraham