To launch a sportsbook in Washington, District of Columbia, Elys Game Technology has collaborated with Cloakbook to form a joint venture, which has been awarded an official grant by the Office of Lottery and Gaming in the District of Columbia.
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Preparation for the Launching of Lucrative Sports in the Market
Following the acquisition of a Standard Class B Joint Venture Sports Wagering Operator License, the sportsbook will undergo a phased launch in preparation for the lucrative sports weekend surrounding New Year’s Eve.
On December 29, 2022, the first wagers are scheduled to take place in the Cloakroom Gentlemen’s Club in Washington, DC, as well as the Over Under rooftop club.
According to Michele Ciavarella, Executive Chairman of Elys Game Technology, ”The company is delighted to have been granted the first joint venture license with its partners at Cloakbook to commence sports wagering services within the Cloakroom Gentlemen’s Club and the Over Under rooftop lounge, the second small business sportsbook installation in Washington DC.”
Offering a Mobile Betting Option to Market
Elys is certain that the portion of retail sports betting that takes place within neighborhood establishments has the potential to become a vital engine for local employment and economic recovery at the community level throughout the United States of America and Canada.
This kind of retail distribution offers an option to mobile betting that has not been widely available in the United States, except for highly restricted access in a few states that were grandfathered in when PASPA was repealed in 2018.
Improving End-to-End Sportsbook Solution
The company is also very grateful to its partners at Cloakbook for their patience and determination, as well as the detailed oversight provided by the Department of Small and Local Business Development and DCOLG.
Additionally, the company is thankful for its experiences at Grand Central Restaurant and Sportsbook, which assisted them in identifying areas in which they needed to improve in order to maintain compliance, ensure public safety, and provide an effective end-to-end sportsbook solution for their small business partners.
This new Cloakbook institution will bring in a new license system that Elys designed, Cloakroom, the DSLDB, and the DCOLG to serve as a blueprint for other countries to follow in its footsteps and establish their own sportsbooks.
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