Business
Newgioco Signs U.S. Flagship Deal with Fleetwood Gaming in Montana
Newgioco Signs U.S. Flagship Deal with Fleetwood Gaming in Montana.
About this update from Elys Bmg Group, Inc.
[{"type":"text","content":"\n\n\n\nNewgioco Signs U.S. Flagship Deal with Fleetwood Gaming in Montana\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nNewgioco Signs U.S. Flagship Deal with Fleetwood Gaming in Montana\n- Fleetwood Gaming to Deploy Newgioco's ELYS Sportsbook and Virtual Sports Platforms at select locations in Montana\n- Newgioco will host product demonstrations at RES 2019 in Las Vegas and NIGA 2019 in San Diego\nPR Newswire\nNEW YORK, March 6, 2019\n\n\n\nNEW YORK, March 6, 2019 /PRNewswire/ -- Newgioco Group, Inc. (\"Newgioco\" or the \"Company\") (OTCQB: NWGI), today announced that the Company entered into an agreement with Fleetwood Gaming, Inc. for the exclusive rights to distribute Newgioco's ELYS sports and virtual betting products at select locations in the state of Montana. The commencement of betting transactions is subject to obtaining the required certification and approvals from the Gambling Control Division of the Montana Department of Justice.\n\n \n \n\n \nThe multi-year agreement will see Newgioco partner with Fleetwood to roll-out the ELYS sportsbook and virtual sport platforms throughout Fleetwood's distribution network in Montana. Although Montana was one of four states grandfathered in under the original PASPA law, it's anticipated that Montana will legalize sports betting during the 2019 legislative session (the state legislature meets only in odd-numbered years and only for 90 days) - allowing internet and mobile sports betting as well as kiosks at bars, restaurants and taverns.\n\"Since launching our U.S. business expansion plan in October 2018 at G2E in Las Vegas we have been working diligently with strategic partners in the U.S. to grow our pipeline of opportunities, and to initiate our geographic diversification,\" commented Newgioco CEO Michele Ciavarella. \"We are delighted to have found a true partner for our initial entry into the rapidly evolving U.S. market. Along with our tribal gaming partners, we look forward to working with Fleetwood and its aligned 'family culture' and business ethics to bring responsible sports and virtual betting to Monta...