Elys Game Technology has agreed on a deal with Pentworth Wagering to open up a sportsbook at the Entitlement Restaurant and Cigar Lounge in Washington DC.
Expanding to its fifth retail sportsbook in the US capital, Elys has confirmed an initial three year agreement from the date of a license issue, with the option for a two-year extension.
Elys’ subsidiary USBookmaking will provide the sports wagering and bookmaking services to manage the new sportsbook.
Located at 829 Upshur Street NW in Washington DC, Entitlement is a ‘full-service neighborhood restaurant lounge that serves traditional American food and an array of beverages’ and will become the fifth location where patrons can wager on sports with Elys in the city.
“We are looking forward to launching our fifth sportsbook with our latest partners and management team at Entitlement Restaurant and Cigar Lounge in the Petworth district of Washington, DC. and to further expanding our sportsbook footprint within restaurants and bars in DC and neighboring states over the coming months,” commented Michele Ciavarella, Elys Executive Chairman.
This deal comes after Elys launched a small business strategy to open a sportsbook in restaurants and bar venues at the Grand Central Restaurant and Sportsbook, also situated in Washington DC.
“We believe that adding sports wagering within an exciting environment where patrons can enjoy their favorite food and beverages could bring an entirely new vibe to the establishment and could drive ancillary revenue and foster employment opportunities for small businesses,” Ciavarella added.
“Partnering with Entitlement provides further affirmation of the scalability and flexibility of the Elys retail sportsbook solution and is a key driver in our pathway to profitability and development of long-term shareholder value in Elys Game Technology.”