Newgioco Group Signs Four New Online Gaming Networks in Italy

NEW YORK, Jan. 29, 2018 /PRNewswire/ -- Newgioco Group, Inc. (OTCQB:NWGI) ("Newgioco" or the "Company"), a leisure betting technology company providing regulated lottery and gaming products and services through licensed subsidiaries based in Europe, is pleased to announce the signing of four new online gaming operators further expanding the Company's distribution network in Italy.

These new operators expand the Company's fast-growing online distribution to regions not previously covered by our webshop locations bringing the total retail stores to approximately 1,300 and increases the number of websites distributing the Newgioco brands to eight.  The four new web skins, which are expected to receive final regulatory certification and go-live on February 19, 2018, include:

www.clubgames.it (Region: Sardegna/Lazio)
www.mixbet.it (Region: Campania/Puglia)
www.imperialbet.it (Region: Sicilia)
www.quibet.it (Region: Calabria)

The Company also expects to add approximately 20,000 registered players to our regulated online gaming network from these operators and expanding our newgioco.it brands which now include originalbet.it; lovingbet.it; timetobet.it, resulting in projected annual turnover growth of $12 million in sports betting and $36 million in casino sales.

"This rapid growth of our footprint in Italy continuous to signal an extremely positive client centered experience thanks to our powerful and flexible ELYS betting platform by Odissea," stated Company President, Alessandro Marcelli.  "Our highly customisable and flexible third-party agent application is proving to set the bar as one of top platforms in one of the most competitive betting markets in the world."

About Newgioco Group, Inc.

Newgioco Group, Inc., together with its subsidiaries, is a fully integrated, licensed gaming technology company.  The company conducts its business primarily through retail neighborhood betting shops and internet-based betting software platform under the registered brand Newgioco through our licensed website www.newgioco.it situated in 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, lottery, interactive games and slots, as well as an innovative betting platform (www.odissea.at) providing both B2B and B2C bet processing.  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 Private Securities Litigation Reform Act of 1995.  The company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "forecast," "plans," "intends," "potential" and similar expressions.  These statements reflect the company's current beliefs and are based upon currently available information.  Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements.

SOURCE Newgioco Group, Inc.

Related Links

http://www.newgiocogroup.com