Newgioco Signs Expansion Deal Into Southern Italy

– Agreement strengthens footprint and boosts accretive growth in core Italian market

Newgioco Group, Inc. , today announced that the Company has signed a key operator based in Malta with a large network of regulated locations and online gaming business throughout southern Italy.

Our new customer previously operated through a licensed competitor prior to selecting the unique and innovative features of our ELYS™ betting Platform to improve the visibility of their gaming business analytics and bet risk-management throughout their venues. The agreement represents an accretive expansion of Newgioco’s distribution footprint in regulated stores and establishments such as bars, coffee shops, convenience stores, betting shops and other route operations throughout southern Italy and Sicily.

“Once again our team in Europe lead by Alessandro Marcelli, boosted by the recent addition of Angelo Merola, a highly respected name throughout the regulated Italian gaming industry, have proven the value of incorporating our ELYS™ betting Platform by Odissea in the highly contested and vibrant Italian sports betting market,” commented Newgioco CEO Michele Ciavarella. “As a result of our recently launched Angular™ JavaScript website framework we expect a rapid go-to-market turnaround with bet processing starting in May 2019. Based upon their past performance, we anticipate an increase of approximately $350,000 in sports betting and $2 million in online Casino handle per month from this new operator.”

About Newgioco Group, Inc.

Newgioco Group, Inc., headquartered in Toronto, Canada, is a vertically-integrated leisure gaming technology company, with fully licensed online and land-based gaming operations and innovative betting technology platforms that provide bet processing for casinos and other gaming operators. The Company conducts its business under the registered brand Newgioco primarily through its internet-based betting distribution network on its website, www.newgioco.it as well as retail neighborhood betting shops situated throughout Italy.

The Company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots. Newgioco also owns and operates innovative betting platform software providing both B2B and B2C bet processing for casinos, sports betting and other online and land-based gaming operators. Additional information is available on our corporate website at www.newgiocogroup.com.

SOURCE Newgioco Group, Inc.