Elys Game Technology Corp, an interactive gaming and sports betting technology company, announced a partnership with Rod ‘N’ Reel Resort in Chesapeake Beach, MD to provide its land-based sportsbook services.
Under the agreement, for providing the sportsbook platform and services, Elys will receive a percentage of all sports betting revenue generated at the resort pending final regulatory approval.
The Maryland Lottery and Gaming Control Agency recently approved new rules for Maryland sports betting. Rod ‘N’ Reel Resort was one of just seven named ‘class B’ entities in the state of Maryland guaranteed a sportsbook license. Rod ‘N’ Reel Resort is currently undergoing a significant three-phase renovation project and expects to commence land-based sportsbook betting upon regulatory approval.
Mary Lanham, President of Rod ‘N’ Reel Resort, said: “Prior to selecting Elys as our sportsbook provider, we evaluated a number of potential solutions. Elys’ platform and team clearly stood out based on the ease of use and integration with our existing operations, their proven track record with major casinos, as well as their decades of experience in the regulated sportsbook market. We look forward to offering sports gaming as an amenity to the resort experience, establishing Rod ‘N’ Reel Resort as a premier destination for the local community and visitors along the Chesapeake Bay. We also appreciate the support of the Maryland Gaming Commission in granting us this license and believe this major initiative will support the local community by providing quality jobs and maintaining gaming revenue within the state.”
Michele Ciavarella, Executive Chairman of Elys Game Technology, said: “We are excited to enter this partnership with the Rod ‘N’ Reel Resort in Maryland, and to provide an end-to-end, first-in-class ‘Build-a-Bet’ sportsbook solution consistent with the amazing experience that Rod ‘N’ Reel Resort currently offers its guests, and we look forward to working with management to fulfil their inaugural sportsbook goals. This is yet another example of how we are executing on our North American expansion strategy, by providing a proven and unique retail sportsbook solution to a variety of business operators ranging from restaurants and sports bars to premier resorts around the country. We believe our unique auxiliary Build-a-Bet mobile platform is an industry first and a key tool for operators to attract and maintain their loyal customers.”
