Elys Game Technology has received regulatory approval from the DC Department of Small & Local Business Development for its proposed sportsbook joint venture with District Hospitality.
It comes after Elys secured a sportsbook partnership with District Hospitality at the Ozio Lounge in Washington DC, with a three-year agreement and an option for two additional years.
Through the JV, named BetDupont, Elys would secure its third retail sportsbook location in Washington DC through its white label sportsbook solution at Ozio Lounge.
Elys already has a sportsbook solution at Grand Central Restaurant and Sportsbook and anticipates regulatory approval to open its second sportsbook at the Cloakroom Gentleman’s Club.
Moreover, it recently unveiled plans for a fourth sportsbook at the Entitlement Restaurant and Lounge, subject to DSLBD, as is its recently announced JV with AllBets.
Whilst DSLBD approval has been secured, Elys still requires regulatory approval from the DC Office of Lottery and Gaming to begin operating the sportsbook at Ozio Lounge.
Michele Ciavarella, Elys Executive Chairman, commented: “While this approval is the first in a two-step process to obtain the license required to operate our sportsbook solution at the Ozio Lounge, we believe the increasing pace of approvals demonstrates our U.S. expansion momentum, as well our ability to operate sportsbooks as an ancillary product for restaurants, bars and other small business establishments in a fully compliant manner.
“We are excited to partner with District Hospitality and believe the launch of our sportsbook solution will help further establish the Ozio Lounge as a premier destination for both local guests and tourists alike.
“We also appreciate the support of the DSLBD, which illustrates their commitment to helping both small businesses and the local DC economy. Our sportsbook solution is not only garnering attention within DC, but we believe that interest is growing rapidly in this sector across the nation.”