Elys Game Technology, an interactive gaming and sports betting technology company, earlier this week announced an agreement for The Cloakroom (“Cloakroom”) to operate a sportsbook with located at 476 K St. NW, Washington DC, 20001. The Cloakroom is a gentleman’s club that is co-owned by Montgomery County native and resident Tony Cavasilios. “I’m bringing something to our region that has not been done anywhere. This will be the first Gentleman’s club in the country that will have a sports book inside of it.” said Cavasilios.
The partnership with Cloakroom would represent the Company’s second successful execution of its strategy to offer advanced betting technology through a white label sportsbook solution in restaurant and bar venues. Elys launched its small business strategy in October 2021 with the Grand Central Restaurant and Sportsbook (“Grand Central”) in the Adams Morgan area of Washington, DC. Since then, metrics sequentially for October, November, and December have shown significant growth period-over-period for both Elys and Grand Central.