Elys Game Technology Partners With Operate Ocean Casino Resort in Atlantic City

Atlantic City, N.J. - November 11, 2021 - Elys Game Technology, Corp. ("Elys" or the "Company") (Nasdaq:ELYS) (NEO:ELYS), an interactive gaming and sports betting technology company, and Ocean Casino Resort in Atlantic City, New Jersey ("Ocean"), today announced a partnership scheduled to commence March 1, 2022. Subject to regulatory approval from New Jersey's gaming regulators, USBookmaking, a subsidiary of Elys, will provide Ocean's trading management services and future retail solution.

Following this partnership announcement, details about a new entertainment experience at Ocean will be unveiled next year. Ocean recently announced a resort reinvestment of more than $75 million over the next year, featuring the highly anticipated addition of more than 460 guest rooms and suites. This comes on the heels of Ocean's 2021 property improvements, including a redesigned casino floor with new high limit experiences.

"We are excited to partner with USBookmaking to capitalize on their expertise, offering a best-in-class experience," said Bill Callahan, Interim Chief Executive Officer for Ocean Casino Resort. "As Ocean continues to strengthen its position within Atlantic City, the addition of a renowned organization such as USBookmaking will only serve to bolster our land-based wagering product."

"USBookmaking looks forward to deepening its relationship Ocean over the next several years. The combination of Ocean's knowledge of the Atlantic City players' market and our collective 125+ years of sports wagering experience is a formidable combination," said Vic Salerno, President of USBookmaking. "The Atlantic City market may be competitive, but with Ocean as our partner, USBookmaking is more than ready to take the challenge."

"We are delighted to partner with Ocean to offer a highly entertaining and competitive land-based sportsbook at the Ocean Casino Resort. This engagement provides us the opportunity to demonstrate the versatility we can offer clients in delivering highly complex solutions for their sportsbook operations, through the effective integration of our core strengths with outside resources and vendors," stated Michele Ciavarella, Executive Chairman of Elys Game Technology. "Our cutting-edge technology built in the competitive European market, coupled with the extensive experience of our USBookmaking team represents our capability of deploying our North American go-to-market strategy in a wide range of assignments from small restaurant and bar venues to large premier casino resorts such as Ocean. We are just beginning our global expansion plan and fully expect to see rapid adoption of our advanced Elys Gameboard betting technology in the United States and Canada over the coming months."

Elys is currently operational in both online and retail channels throughout Italy via approximately 1,200 web-shops and is now live in North America with 6 tribal casino customers. The Company is planning to process applications to offer sports wagering through its leading-edge betting platform in the U.S. and Canada to large and small casinos as well as independent business venues representing one of the most exciting long-term growth opportunities for Elys. The commencement of betting transactions at the Ocean Casino Resort is subject to obtaining the required platform certification and Casino Service Industry Enterprise License from the New Jersey Division of Gaming Enforcement.

About Ocean Casino Resort

Spanning over 20 beachfront acres on the world-famous Atlantic City Boardwalk, Ocean Casino Resort, named "Best Casino" by Philadelphia Magazine's "Best of Philly 2021" awards, features 1,399 guest rooms and suites; 135,000 square feet of gaming entertainment; 1,720 slot machines; 108 gaming tables; 160,000 square feet of meeting and convention space; 90,000 square feet of unique outdoor space; 4 upscale dining restaurants; 11 casual dining options; a 40,000 square foot spa; 6 signature day and nightlife experiences; and a 4,500-seat concert venue. Ocean is home to the world's largest Topgolf Swing Suite and offers both land-based sports wagering and online gaming within the state of New Jersey through its real-money gaming sites. Ocean Casino Resort is owned and operated by AC Beachfront, L.L.C. For more information about Ocean, please visit theoceanac.com or follow Ocean on Facebook, Twitter and Instagram.

About Elys Game Technology, Corp.

Elys Game Technology, Corp., is a B2B global gaming technology company operating in multiple countries worldwide, with B2C online and land-based gaming operations in Italy. In Italy, Elys offers its clients a full suite of leisure gaming products and services, such as sports betting, e-sports, virtual sports, online casino, poker, bingo, interactive games and slots.

The Company's innovative wagering solution services online operators, casinos, retail betting establishments and franchise distribution networks. Additional information is available on our corporate website at www.elysgame.com.

Investors may also find us on Twitter @ELYS_gaming.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding USBookmaking deepening its relationship Ocean over the next several years, the rapid adoption of our advanced Elys Gameboard betting technology in the United States and Canada over the coming months and plans to process applications to offer sports wagering through its leading-edge betting platform in the U.S. and Canada to large and small casinos as well as independent business venues. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to deepen its relationship Ocean over the next several years, the Company's ability to roll-out its Elys Gameboard betting technology in the United States and Canada over the coming months, the Company's ability to provide sports wagering through its betting platform in the U.S. and Canada to large and small casinos as well as independent business venues, the duration and scope of the COVID-19 outbreak worldwide, including the impact to state and local economies, and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2020 and its subsequent filings with the U.S. Securities and Exchange Commission, including subsequent periodic reports on Form 10-Q and current reports on Form 8-K. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.

Contact:
Elys Game Technology, Corp.
Michele Ciavarella, Executive Chairman
Tel: [phone]
Email: [e-mail]

Released November 11, 2021