Elys BMG Group Announces New Installation at The Ugly Mug Sportsbook in Washington, DC.

Elys BMG Group, Inc. (“Elys” or the “Company”) (OTC: ELYS), an interactive gaming and sports betting technology company, today announces the completion of its sportsbook installation at The Ugly Mug restaurant and bar situated at 723 8th St SE, in Washington, DC. This collaboration underscores Elys’ commitment to providing unparalleled sports wagering experiences for small and local businesses across America.           

Opening of the Ugly Mug Sportsbook is subject to final approval from the District of Columbia Office of Lottery and Gaming (DCOLG) and will represent the Company’s fourth privately owned sportsbook in the District.

The venue is ideally located just blocks away from Nationals Stadium and is in close proximity to popular destinations such as Capitol Hill and the Marine Barracks. The Ugly Mug is poised to become a premier destination in the Navy Yard area of Washington, D.C. ensuring convenient access for sports fans and bettors to enjoy a classic American menu in a casual atmosphere, further enhancing the neighborhood sportsbook experience provided by Elys.

About Elys BMG Group, Inc.Elys BMG Group, Inc. is a global gaming technology company operating in multiple countries worldwide. Elys offers its clients a full suite of omnichannel leisure gaming products and services, such as online sports betting, e-sports, virtual sports, online casino, poker, bingo, interactive games, and online slots on a B2C basis in Italy and has B2B operations in three states as well as the District of Columbia in the U.S. market. The Company provides sports betting software, online casino software, services for commercial and tribal casinos, retail betting establishments, and franchise distribution networks.

Elys' vision is to become a global leader in the gaming industry through the development of pioneering and innovative online casino and sportsbook software. Additional information is available on our corporate website at www.elysgame.com.

Investors may also find us on Twitter @ELYS_BMG; Instagram @elys_BMG; LinkedIn Elys_BMG; YouTube @Elys_BMG; and on Facebook @ElysBMG.

Forward-Looking StatementsThis 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 Elys. 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, the risk factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, 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.

Investor Contact:Beatriz OniAccount Communications [e-mail]