NEW YORK–(BUSINESS WIRE)–$NWGI #DT9–Newgioco Group, Inc. (“Newgioco” or the “Company”) (Nasdaq: NWGI), a global sports betting and interactive gaming technology company providing a cutting-edge fully integrated, omni-channel sports betting technology, announced initiation of research coverage published by WallStreet Research™ (WSR), a top-ranked independent research firm with a history spanning over four decades. WallStreet Research™ is ranked Number One on the Google, Yahoo, and Bing search engines for both small and micro-cap research with a global following.
The initial research report on Newgioco Group, Inc., together with additional information about WallStreet Research™, is available at www.WallStreetResearch.org. The WSR Research Report highlights the Company’s recent accomplishments and growth plans for 2020 and 2021, for both the U.S. and Newgioco’s Italian operations.
Mr. Alan Stone, CEO of WallStreet Research™ has stated: “We are pleased to announce we have initiated research coverage on Newgioco Group, Inc., a well-positioned gaming and gambling technology company. The Company’s acquisitions during the past several years have positioned it for rapid growth in the near term, which the report discusses. Our report includes analytics and metrics on how the Company compares favorably to its industry competitors and highlights the growth trends in the global gaming industry and technology sectors. Our research team includes three top ranked analysts alongside two interns assisting with in depth research of the topics at hand.”
Highlights of the Report
Newgioco Group, Inc. (“Newgioco” or “the Company”), entered the sports betting and online gaming industry initially by completing several acquisitions in Italy, one of the largest gaming markets in Europe. With both brick-and-mortar and online offerings, the Company offers its gaming products and services through partnerships, web services and agency locations. NWGI has recently expanded into the U.S. through its sports betting platform ELYS™, and expects to launch by year-end in Washington DC.
September 9, 2020 – The Company announced that it has obtained the Gaming Labs International (GLI) “Events Wagering System” certification standard GLI-33 for its ELYSTM Betting Platform. e GLI-33 technical specifications standard certifies the Company’s betting system and retail functionality and is phase one of a multi-tiered plan for operations throughout the United States.
September 1, 2020 – The Company announced announce that Odissea Betriebsinformatik Beratung GmbH, its wholly owned software development subsidiary, has completed Stage 2 compliance and testing procedures and has obtained ISO-27001: 2013 certification for safety management. This certification allows for the management of sensitive third party information such as financial and legal assets and personal details involved in encrypting communications. This reassures customers that their information is secure and the company is operating at an international quality standard.
August 25, 2020 – The Company announced that it has reached the top five out of 29 in Italian online Poker services with 5.56% of the market share – according to a recent report by industry publication: Agenzia Giornalistica Sul mercato Del Gioco.
August 17, 2020 – The Company announced the closing of a $10 million dollar underwritten public offering. The Company had previously announced 4,166,666 units at a price of $2.40. Newgioco received gross proceeds of approximately $10.0 million, before deducting under- writing discounts and commissions and other estimated offering expenses.
About Newgioco Group, Inc.
Newgioco Group, Inc., is a global leisure gaming technology company operating in 12 countries worldwide, with fully licensed online and land-based gaming operations in Italy. The Company’s innovative alternative wagering system services online operators, resort concept casinos, retail neighborhood betting establishments and franchise distribution networks.
Newgioco offers its clients a full suite of leisure gaming products and services, such as sports betting, esports, virtual sports, online casino, poker, bingo, interactive games and slots. Additional information is available on our corporate website at www.newgiocogroup.com.
Investors may also find us on Facebook® and follow us on Twitter @NWGI_gaming.
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 launching by year-end in Washington DC, reassuring customers that their information is secure and the company is operating at an international quality standard. 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, our ability to launch by year-end in Washington DC, our ability to secure customers information and operate at an international quality standard, the duration and scope of the COVID-19 outbreak worldwide, including the impact to the 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, 2019 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.
Michele Ciavarella, Chief Executive Officer