Elys Game Technology Announced Its Name Change From Newgioco Group

Elys Technology, Corp., an interactive gaming and sports betting technology company, is pleased to announce the Company has changed its name from Newgioco Group, Inc. to Elys Game Technology, Corp.

The Company’s trading symbol will also change from NWGI to ELYS at the opening of the markets on November 10, 2020. There is no consolidation of the Company’s share capital in connection with the name change. As a result, shareholders are not required to exchange their existing share certificates for new certificates bearing the Company’s new name.

The name change does not affect the Company’s share structure or the rights of the Company’s shareholders, and no further action is required by existing shareholders. The new name, Elys, comes with a focused and energetic team, to be introduced over the following few days, to help unlock the global potential of the Company’s leading-edge gaming and betting software Elys Gameboard.

“Since inception in 1989 as Newgioco, the Company has built a robust B2B and B2C multichannel gaming business with over 130 land-based betting-shop, 1,200 webshops and thousands online players. The name Newgioco, which translates to Newgame, is a well-respected brand in the regulated Italian market and since 2016 has been a showcase to develop and prove our state-of-the-art gaming technology designed by our talented engineers,” stated Michele (Mike) Ciavarella, CEO of Elys Game Technology, Corp. “The Company’s Italian operations form a foundational pillar of strength for our business where we operate profitably. Elys leadership expects to continue to build on this experience in new markets as we grow forward.”