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Newgioco Opens Wagering on Esports Events in Italy

Newgioco Group, Inc. (“Newgioco” or the “Company”) (Nasdaq: NWGI), a global sports betting and interactive gaming technology company providing fully integrated, omni-channel sports betting software solutions, is pleased to announce the offering of esports wagering through its online betting channel in Italy as of Friday, April 3, 2020.

Clients of our online operators through Multigioco in Italy are now able to wager on the outcome of esports competitions of League of Legends, DOTA, Starcraft, as well as esports versions of NBA Basketball, Formula One and MotoGP. Wagering on esports is intended to fill the gap left by the suspension of live sports and the limited availability niche sports events, and is available now on all online channels, including PC, tablet and mobile.

“We are absolutely committed to keeping our full team employed during the global pandemic and with the challenges currently facing our normal markets. The first result of our whole team approach is the launch of esports in the online channel in Italy within one week of regulatory approval,” stated Company Chairman and CEO, Michele Ciavarella. “The rapid go-to-market of esports offerings reflects the talent and efficiency of our design team and flexibility of our Elys platform. The focus is now to accelerate the development of our unique U.S. sports betting platform in preparation for the re-opening of markets once the crisis subsides.”

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