Elys, Cloakbook DC Score License To Open Sportsbook In Washington, D.C.

• Elys Game Technology Corp (NASDAQ: ELYS) and the Cloakbook LLC secure a License to commence sportsbook operations in Washington D.C.

• Cloakbook, a joint venture established by the Cloakroom DC and Elys, provides sports wagering products and services to patrons and walk-in customers within the business establishment of the Cloakroom Gentlemen’s Club D.C. and the Over Under Sportsbook Rooftop Lounge situated at 476 K St NW, in Washington, D.C.

• The Standard Class B Joint Venture Sports Wagering Operator License was granted by the District of Columbia’s Office of Lottery and Gaming.

• A soft launch is expected ahead of the busy New Year’s Eve sports weekend with first wagers planned at the Cloakroom and Over Under on December 29, 2022.

• “Elys firmly believes that this segment of retail sports betting within neighborhood establishments could become a key driver for local employment and economic recovery at the community level throughout the United States and Canada,” said Michele Ciavarella, Executive Chairman of Elys.

• Price Action: ELYS shares are trading higher by 126.23% at $0.3950 on the last check Tuesday.

See more from Benzinga

• This Analyst Remains Bullish On IMAX As 'Avatar: The Way of Water' Continued To Dominate

• Build-A-Bear To Emerge As A Key Winner This Holiday Season, Says Analyst

• Much Wow! If You Invested $100 When Elon Musk First Tweeted About Dogecoin, Here's How Much You'd Have No

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.