Newgioco Showcases Market-Leading Gaming Technology at ICE London 2019

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Newgioco Showcases Market-Leading Gaming Technology at ICE London 2019 | 02/07/2026

Newgioco Showcases Market-Leading Gaming Technology at ICE London 2019

One of the Gaming Industry’s Largest Events Held February 5-7, 2019

PR Newswire

NEW YORK, Feb. 7, 2019

NEW YORK, Feb. 7, 2019 /PRNewswire/ — Newgioco Group, Inc. (“Newgioco” or the “Company”) (OTCQB: NWGI), today announced that the Company exhibited its market-leading software at ICE London, the leading industry event for the gaming industry, February 5-7, 2019 at ExCel London.

“We are committed to further growing our business globally and capturing a meaningful portion of the rapidly emerging North America market by offering clients a full-suite of leisure gaming products and services employing our innovative betting platform,” stated Michele (Mike) Ciavarella, Chief Executive Officer of Newgioco. “The recent landmark decision surrounding sports betting in the U.S. has created a greenfield of opportunity, and we expect to be an early mover with our latest technology offering. ICE London is an ideal venue allowing us to maximize our exposure and reach an enormous population of interested operators.”

ICE London is the premier venue for industry exhibitors, specialists and experts to come together for three days to engage with the latest solutions, content and networking opportunities across the globe and across all sectors of gaming. The showcase is the only B2B gaming event that truly brings together the international online and offline gaming sectors.

For more information about ICE London, visit https://www.icelondon.uk.com/welcome#/.

About Newgioco Group, Inc.

Newgioco Group, Inc., headquartered in Toronto, Canada, is a vertically-integrated leisure gaming technology company, with fully licensed online and land-based gaming operations and innovative betting technology platforms that provide bet processing for casinos and other gaming operators. The Company conducts its business under the registered brand Newgioco primarily through its internet-based betting distribution network on its website, www.newgioco.it as well as retail neighborhood betting shops situated throughout Italy.

The Company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots. Newgioco also owns and operates innovative betting platform software providing both B2B and B2C bet processing for casinos, sports betting and other online and land-based gaming operators. Additional information is available on our corporate website at www.newgiocogroup.com.

Forward-Looking Statements

This 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 includes statements such as plans to utilize the proven VG platform for racing, keno, American Roulette and other casino games, within its ELYS platform, plans to introduce the VG product line into the regulated Italian market and the acquisition of VG being immediately accretive to Newgioco in 2019. 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 our ability to use the VG platform for racing, keno, American Roulette and other casino games, within its ELYS platform, our ability to introduce the VG product line into the regulated Italian market and our ability to implement the VG acquisition so that it is immediately accretive to Newgioco in 2019, and the risk factors described in Newgioco’s Annual Report on Form 10-K and subsequent filings with the U.S. Securities and Exchange Commission, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake 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

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Newgioco Completes Acquisition of Virtual Generation Limited

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Newgioco Completes Acquisition of Virtual Generation Limited | 02/04/2026

Newgioco Completes Acquisition of Virtual Generation Limited

Accretive Acquisition Accelerates Global Expansion and Reinforces Portfolio of Market-Leading Gaming Technology Platforms

PR Newswire

NEW YORK, Feb. 4, 2019

NEW YORK, Feb. 4, 2019 /PRNewswire/ — Newgioco Group, Inc. (“Newgioco” or the “Company”) (OTCQB: NWGI), today announced that the Company has completed the acquisition of Virtual Generation Limited (“VG”), a leading developer of virtual gaming software, together with Naos Holding Limited, a private holding company (”Naos”), effective January 30, 2026 for approximately $4.5 million in a combination of cash and stock.

“Adding VG’s virtual gaming technology to our portfolio of innovative gaming technology platforms reinforces our industry-leading position in the leisure gaming market and instantaneously expands our global footprint from where Newgioco currently operates to include 12 new countries in South America, Central Asia and Africa where VG currently operates,” stated Michele (Mike) Ciavarella, Chief Executive Officer of Newgioco. “With virtually no overlap between the markets we each currently serve, we are creating additional revenue opportunities to cross-sell VG’s software and our own ELYS platform, diversify our revenues and strengthen our gaming platforms as we pursue the newly emerging U.S. sports betting market.”

Newgioco plans to utilize the VG platform for racing, keno, American Roulette and other casino games, within its ELYS platform. Simultaneously, Newgioco plans to introduce the VG product line into the regulated Italian market, utilizing Newgioco’s existing Italian ADM platform certification.

“We are intimately knowledgeable about the power of the assets we have purchased as VG’s platform has been operating on our ELYS platform for some time,” added Mr. Ciavarella. “We are eager to pursue and engage with customers on a number of near-term opportunities, including the tribal gaming market in the U.S. We expect this acquisition to be immediately accretive to our first quarter 2019 financial results.”

VG’s software is a random number generator (RNG) certified by Gaming Laboratories International (GLI) and includes a growing portfolio of products including horse racing and greyhound racing, league play football (soccer), keno and American roulette. VG currently operates in Italy, Albania, Turkey, Mexico, Peru, Paraguay, Nicaragua, Honduras, Colombia, Dominican Republic, Nigeria and Uganda.

Financial Details of the Transaction

The Company paid the sellers €4 million in consideration for all the ordinary shares of VG and Naos comprised of a cash payment of €108,000, the issuance of shares of the Company’s common stock valued at €89,000, a promissory note providing for the payment of (a) €2,392,000 in cash in 23 equal and consecutive monthly installments of €104,000 with the first payment due and payable one month after the Closing Date and €1,411,000 in shares of the Company’s common stock in 17 equal and consecutive monthly installments of €83,000 as determined by the average of the closing prices of such shares on the last 10 trading days immediately preceding the determination date of each monthly issuance, commencing on March 1, 2026.

In addition, the Company agreed to pay the Sellers as an earn-out payment in shares of the Company’s common stock within one month from the end of the business year 2019 equal to an aggregate amount of €500,000, if the amounts of bets made by the users through the VGS platform related to the 2019 fiscal year of the Company is at least 5% higher than the amounts of bets made by the users through the VGS platform related to the 2018 fiscal year of the Company.

About Virtual Generation Limited

Virtual Generation Ltd. is a software development company specializing in the production and distribution of highly advanced platforms for virtual betting. Virtual Generation uses advanced and complete betting management software, unsurpassed, flexible and customizable, adaptable to different types of companies and markets. VG was founded in 2014 and has grown from processing 67,000 bet tickets in its first year to over 20 million bet tickets in 2018 for its online and land-based B2B customers in 12 countries in Europe, Latin America and Africa.

About Newgioco Group, Inc.

Newgioco Group, Inc., headquartered in Toronto, Canada, is a vertically-integrated leisure gaming technology company, with fully licensed online and land-based gaming operations and innovative betting technology platforms that provide bet processing for casinos and other gaming operators. The Company conducts its business under the registered brand Newgioco primarily through its internet-based betting distribution network on its website, www.newgioco.it as well as retail neighborhood betting shops situated throughout Italy.

The Company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots. Newgioco also owns and operates innovative betting platform software providing both B2B and B2C bet processing for casinos, sports betting and other online and land-based gaming operators. Additional information is available on our corporate website at www.newgiocogroup.com.

Forward-Looking Statements

This 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 includes statements such as plans to utilize the proven VG platform for racing, keno, American Roulette and other casino games, within its ELYS platform, plans to introduce the VG product line into the regulated Italian market and the acquisition of VG being immediately accretive to Newgioco in 2019. 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 our ability to use the VG platform for racing, keno, American Roulette and other casino games, within its ELYS platform, our ability to introduce the VG product line into the regulated Italian market and our ability to implement the VG acquisition so that it is immediately accretive to Newgioco in 2019, and the risk factors described in Newgioco’s Annual Report on Form 10-K and subsequent filings with the U.S. Securities and Exchange Commission, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake 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

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Newgioco to Present at NobleConXV - Noble Capital Markets’ Fifteenth Annual Investor / Equity Conference

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Newgioco to Present at NobleConXV - Noble Capital Markets’ Fifteenth Annual Investor / Equity Conference | 01/25/2019

NEW YORK, NY / ACCESSWIRE / January 25, 2026 / Newgioco Group, Inc. (”Newgioco” or the ”Company”) (OTCQB: NWGI), an international, vertically-integrated leisure gaming technology company, headquartered in Toronto, Canada, today announced that Ralph Garcea, Company VP, Corporate and Business Development will present at NobleConXV - Noble Capital Markets’ Fifteenth Annual Investor Conference at the W Hotel, Fort Lauderdale, Florida - on Tuesday, January 29, 2026 at 2:30 p.m. Eastern Standard Time in Studio 3.

A high-definition, video webcast of the presentation will be available the following day on the Company’s website at www.newgiocogroup.com, and as part of a complete catalog of presentations available at Noble Capital Markets’ Conference website: www.nobleconference.com and on the new investor portal created by Noble called Channelchek: www.channelchek.com. The webcast will be archived on the company’s website, the NobleCon website and on Channelchek.com for 90 days following the event.

AboutNewgioco Group, Inc.

Newgioco Group, Inc., headquartered in Toronto, Canada, is a vertically-integrated leisure gaming technology company, with fully licensed online and land-based gaming operations and innovative betting technology platforms that provide bet processing for casinos and other gaming operators. The Company conducts its business under the registered brand Newgioco primarily through its internet-based betting distribution network on its website, www.newgioco.it as well as retail neighborhood betting shops situated throughout Italy.

The Company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots. Newgioco also owns and operates innovative betting platform software providing both B2B and B2C bet processing for casinos, sports betting and other online and land-based gaming operators. Additional information is available on our corporate website at www.newgiocogroup.com.

About Noble CapitalMarkets, Inc.

2019 marks Noble Capital Markets’ 35th anniversary. The Company is an equity-research driven, full-service, investment & merchant banking boutique focused on emerging growth companies. In addition to NobleCon, Noble hosts numerous ”non-deal” corporate road shows across the United States and Canada. In late 2018, Noble launched Channelchek.com which features advanced market data, institutional-quality research, balanced news, videos and podcasts covering more than 6,000 emerging growth companies. There is no cost for investors to join. Members: FINRA, SIPC, MSRB. www.noblecapitalmarkets.com

For further information, please contact:

Hayden IR
Brett Maas: (646) 536-7331
Cameron Donahue: (651) 653-1854
nwgi@haydenir.com

Newgioco Group, Inc.
investor@newgiocogroup.com

Newgioco Announces Agreement to Acquire Leading Developer of Virtual Gaming Software

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Newgioco Announces Agreement to Acquire Leading Developer of Virtual Gaming Software | 01/22/2019

Accretive Acquisition of Virtual Generation Ltd. Expands Newgioco’s Global Distribution to 11 New Countries in Europe, Latin America and Africa

NEW YORK, NY / ACCESSWIRE / January 22, 2026 / Newgioco Group, Inc. (”Newgioco” or the ”Company”) (OTCQB: NWGI), announced today that the Company has entered into an agreement to acquire Virtual Generation Ltd. (”VG”), a leading developer of virtual gaming software, together with Naos Holding Limited a private holding company (”Naos”). VG was founded in 2014 and has grown from processing 67,000 bet tickets in its first year to over 20 million bet tickets in 2018 for its online and land-based B2B customers in 12 countries in Europe, Latin America and Africa.

”This strategic, bolt-on acquisition is a key step in our efforts to expand our addressable market, diversify our revenues and should enable us to accelerate our differentiation as one of the most powerful gaming platforms in the industry with superior risk management capabilities. We are very excited to add VG’s virtual gaming software to Newgioco’s portfolio of market-leading gaming technology platforms, putting us in a stronger position to provide our fully integrated SaaS-based services to large, high-growth gaming markets around the world,” stated Michele (Mike) Ciavarella, Chief Executive Officer of Newgioco. ” We are also delighted to add the highly talented management and sales team from VG to Newgioco and are now positioned to cross sell VG’s software and the ELYS platform as a complete package to sports book operators and casinos in the 12 countries where VG currently operates, as well as new markets including the U.S. sports betting market. VG’s powerful platform, which has been running on Newgioco’s ELYS platform, allows for extensive customization for country specific sports generation, providing a target rich environment for future applications in Latin American and African markets, as well as unique U.S. Tribal Games tailored for the U.S. Tribal gaming market.”

Newgioco has agreed to pay approximately $4.5 million in a combination of cash and stock to acquire VG, with an additional earn-out payment of approximately $560,000 in stock contingent on a 5% increase in the number of bets made through the VG platform in 2019 compared to 2018. Ciavarella added, ”VG is a profitable company realizing approximately 15% in net margins and we expect the acquisition to be immediately accretive to Newgioco in 2019. We also expect to realize cost savings by using VG’s virtual gaming products in Newgioco’s land-based and online gaming operations in Italy following certification by Italian gaming regulators.” The sellers of VG include Mr. Luca Pasquini, the Company’s Chief Technology Officer and a member of the Company’s board of directors, and Mr. Gabriele Peroni, the Company’s Vice President of Business Development, each of whom owns 800 ordinary shares of Naos (20% of the issued and outstanding shares of Naos).

VG’s software is certified by Gaming Laboratories International (GLI) and includes a growing portfolio of products including horse racing and greyhound racing, league play football (soccer), keno and American roulette. VG currently operates in Italy, Albania, Turkey, Mexico, Peru, Paraguay, Nicaragua, Honduras, Colombia, Dominican Republic, Nigeria and Uganda. Simultaneously, Newgioco plans to introduce the VG product line into the regulated Italian market, utilizing Newgioco’s existing Italian ADM platform certification.

About Newgioco Group, Inc.

Newgioco Group, Inc., headquartered in Toronto, Canada, is a vertically-integrated leisure gaming technology company, with fully licensed online and land-based gaming operations and innovative betting technology platforms that provide bet processing for casinos and other gaming operators. The Company conducts its business under the registered brand Newgioco primarily through its internet-based betting distribution network on its website, www.newgioco.it as well as retail neighborhood betting shops situated throughout Italy.

The Company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots. Newgioco also owns and operates innovative betting platform software providing both B2B and B2C bet processing for casinos, sports betting and other online and land-based gaming operators. Additional information is available on our corporate website at www.newgiocogroup.com.

Forward-Looking Statements

This 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 includes statements such as the acquisition of VG enabling us to accelerate our differentiation as one of the most powerful gaming platforms in the industry with superior risk management capabilities, the acquisition of VG being immediately accretive to Newgioco in 2019, realizing cost savings by using VG’s virtual gaming products in Newgioco’s land-based and online gaming operations in Italy following certification by Italian gaming regulators and plans to introduce the VG product line into the regulated Italian market, utilizing Newgioco’s existing Italian ADM platform certification. 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 our ability to accelerate our differentiation as the most powerful gaming platform in the industry with superior risk management capabilities, our ability to implement the VG acquisition so that it is immediately accretive to Newgioco in 2019, our ability to realize cost savings by using VG’s virtual gaming products in Newgioco’s land-based and online gaming operations in Italy following certification by Italian gaming regulators, our ability to introduce the VG product line into the regulated Italian market, utilizing Newgioco’s existing Italian ADM platform certification, and the risk factors described in Newgioco’s Annual Report on Form 10-K and subsequent filings with the U.S. Securities and Exchange Commission, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake 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

For further information, please contact:

Darrow Associates Hayden IR
Bernie Kilkelly: (516) 236-7007 Brett Maas: (646) 536-7331
bkilkelly@darrowir.com Cameron Donahue: (651) 653-1854
nwgi@haydenir.com

Newgioco Group, Inc.
investor@newgiocogroup.com

Newgioco Continues to Gain Market Share in Italian Sports Betting Market

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Newgioco Continues to Gain Market Share in Italian Sports Betting Market | 12/20/2018

NEW YORK, NY / ACCESSWIRE / December 20, 2025 / Newgioco Group, Inc. (“Newgioco” or the “Company”) (OTCQB: NWGI), today announced that the Company increased its share of the Italian sports betting market in November, according to a recent report of the leading gambling, betting, and gaming news agency AGIMEG - Agenzia Giornalistica sul Mercato del Gioco (“AGIMEG”). Newgioco is a vertically-integrated leisure gaming technology company, headquartered in Toronto, Canada, with fully licensed online and land-based gaming operations in Italy and Austria, and innovative betting technology platforms that provide bet processing for casinos and other gaming operators.

According to AGIMEG, the sports betting sector in Italy reached €148.5 million ($170 million) in Gross Gaming Revenues (GGR) for November 2018, an increase of approximately 1% year over year and approximately 11% month over month. Newgioco, through its wholly owned subsidiary Multigioco S.R.L (“Multigioco”), increased its market share rank (as a percent of GGR) to 22nd in November, up from 25th in the October ranking. Newgioco showed the 7th largest increase on the list, improving its share by 0.10% to a total of 0.49%.

Michele Ciavarella, CEO of Newgioco, said, “Our continued market share gains in Italian sports betting are driven by robust organic transaction growth in both our online sales channel and land-based retail sales channel. In Italy, Newgioco also continues to maintain strong market share in poker betting (rank 6th in October 2018) and has made a marked improvement in casino betting with GGR more than doubling on a year on year basis from about $295,000 in November 2017 to $664,000 in November 2018.”

Company CFO Elizabeth MacLean added, “In addition to impressive growth in market share and revenues, we have recently begun to generate higher profits as a percentage of betting handle, resulting from the increased efficiency of our innovative betting technology platform. Newgioco’s successful gaming business in Italy and strong leadership should provide a solid foundation for our expansion into the U.S. sports betting market through our leading edge technology platforms beginning in 2019.”

About Newgioco Group, Inc.

Newgioco Group, Inc., together with its wholly-owned subsidiaries, is a vertically-integrated leisure gaming technology company, with fully licensed online and land-based gaming operations and innovative betting technology platforms that provide bet processing for casinos and other gaming operators. The Company conducts its business under the registered brand Newgioco primarily through its internet-based betting distribution network on its website, www.newgioco.it as well as retail neighborhood betting shops situated throughout Italy and Austria.

The Company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots. Newgioco also owns and operates innovative Betting Platform Software through its subsidiary Odissea (www.odissea.at), providing both B2B and B2C bet processing for casinos, sports betting and other online and land-based gaming operators. Additional information is available on our corporate website at www.newgiocogroup.com.

Cautionary Note Concerning Forward-Looking Information

This 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 includes statements such as our gaming business in Italy and technology platforms providing a solid foundation for planned expansion into the U.S. sports betting market beginning in 2019. 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 our ability to expand into the U.S. sports betting market beginning in 2019, the risk factors described in the Company’s Annual Report on Form 10-K and subsequent filings with the U.S. Securities and Exchange Commission, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake 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.

For further information, please contact:

Darrow Associates
Bernie Kilkelly (516) 236-7007
bkilkelly@darrowir.com
Tel: (516) 236-7007

Hayden IR
Cameron Donahue (651) 653-1854
Brett Maas (646) 536-7331
nwgi@haydenir.com

Newgioco Group, Inc.
Investor Relations
Bill Mitoulas (416) 479-9547
bill.m@newgiocogroup.com

ITALIAN SPORTS BETTING MARKET SHARE DATA FROM AGIMEG

OPERATOR

GGR MARKET SHARE (NOV 2018)

GGR MARKET SHARE (OCT 2018)

+/- SHARE
GAMENET/INTRALOT/GOLDBET

14.60%

15.24%

-0.64%
SNAITECH

14.18%

13.53%

0.65%
EUROBET

12.70%

11.37%

1.33%
SKS365

12.49%

12.46%

0.03%
LOTTOMATICA

10.48%

9.79%

0.69%
SISAL

10.27%

9.81%

0.46%
BET365

6.42%

6.76%

-0.34%
BWIN

1.32%

1.44%

-0.12%
WILLIAM HILL

1.11%

1.22%

-0.11%
BETALAND

1.09%

3.24%

-2.15%
E-PLAY 24

0.95%

0.51%

0.44%
GRUPPO VINCITU ‘

0.87%

0.80%

0.07%
POKERSTARS

0.85%

0.81%

0.04%
BETFAIR ITALIA

0.79%

0.89%

-0.10%
BETPOINT

0.71%

0.69%

0.02%
GI.LU.PI.

0.68%

0.85%

-0.17%
SCOMMESSEITALIA

0.60%

0.58%

0.02%
STANLEYBET

0.56%

0.60%

-0.04%
SUN BET

0.56%

0.64%

-0.08%
REPLATZ

0.55%

0.51%

0.04%
ADMIRAL SPORT

0.52%

0.58%

-0.06%
MULTIGIOCO 0.49% 0.39% 0.10%
NEXIGAMES

0.47%

0.31%

0.16%
888

0.47%

0.48%

-0.01%
VITTORIA BET 2009

0.45%

0.42%

0.03%
DOMUS BET

0.44%

0.38%

0.06%
HBG ON LINE GAMING

0.32%

0.39%

-0.07%
MICROGAME

0.31%

0.34%

-0.03%
BETTING

0.30%

0.35%

-0.05%
UNIBET

0.27%

0.22%

0.05%
BGAME

0.26%

0.34%

-0.08%
TOTALBET

0.22%

0.25%

-0.03%
AGENCY OF IPPIC LUCIANO GIOVE

0.21%

0.24%

-0.03%

(*) Agimeg processing on Adm data (November 2018)

Newgioco Group, Inc. Appoints Elizabeth J. MacLean as Chief Financial Officer

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Newgioco Group, Inc. Appoints Elizabeth J. MacLean as Chief Financial Officer | 12/05/2026

NEW YORK, NY / ACCESSWIRE / December 5, 2025 / Newgioco Group, Inc. (OTCQB: NWGI), a company providing regulated online and land-based gaming and sports bet wagering through licensed subsidiaries in Italy and Austria, and headquartered in Toronto, Canada, today announced that Elizabeth J. (Betsy) MacLean has been appointed chief financial officer (CFO) and chief compliance officer (CCO). Ms. MacLean joined Newgioco in September 2018 as Vice President Finance and Accounting, and during this initial period she became acquainted with the operational and corporate financial structure of Newgioco in respect to both gaming operations in Europe as well as forecasting and budgeting for the Company’s global expansion strategy.

Prior to joining Newgioco, Ms. MacLean had more than 20 years of experience leading Finance teams in a variety of industries in both the United States and the United Kingdom, including serving as Global Lead for Financial Systems and Processes at Progressive Gaming International. In addition to PhD coursework in Accounting, she holds an MBA from the Stanford Graduate School of Business with a specialty in Statistics and Game Theory as well as a B.A. in Biology from the University of Chicago. Ms. MacLean also brings to Newgioco deep experience in management processes including Kaizen and Lean Manufacturing training in Aerospace manufacturing. She is a certified Six Sigma Green Belt and is an instructor in Design for Six Sigma.

Michele (Mike) Ciavarella, CEO of Newgioco Group, stated ”we are very excited to have Betsy move into key stewardship roles as Newgioco takes another significant step in our corporate development and global strategy. Taking on these dual senior roles is no easy task, and Betsy’s results-driven energy fits extremely well with our growth-focused culture. We believe her skillset complements our experienced management and her impressive, broad range of capabilities makes Betsy the right choice to lead our Finance strategy as we continue to deliver strong returns to our shareholders.”

“I am delighted to have had the opportunity to warm-up to the enthusiasm ingrained in the Newgioco family ahead of this exciting industry period,” commented Ms. MacLean. ”I’m looking forward to the challenge of leading a Finance team that provides visibility to the financial health of the business and secondly, to align the Odissea B.I. team to harness the power of true Business Intelligence to get meaningful analysis into the hands of decision makers at the right time, and in the right context. Achieving this dual vision will be the key to Finance enabling Newgioco to accelerate its trajectory of profitable growth.”

About Newgioco Group, Inc.

Newgioco Group, Inc., together with its wholly-owned subsidiaries, is a fully licensed and integrated online and land-based leisure gaming operator. The Company conducts its business under the registered brand Newgioco primarily through its internet-based betting distribution network on its website, www.newgioco.it, as well as retail neighborhood betting shops situated throughout Italy.

The Company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots, as well as owning and operating an innovative betting platform (www.odissea.at) providing both B2B and B2C bet processing. Additional information is available on our corporate website at www.newgiocogroup.com.

Cautionary Note Concerning Forward-Looking Information

This 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. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake 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.

For further information, please contact:

Darrow Associates, Inc.
Bernie Kilkelly
bkilkelly@darrowir.com
Tel: (516) 236-7007

Newgioco Group, Inc.
Bill Mitoulas
Investor Relations
bill.m@newgiocogroup.com
Tel: (416) 479-9547

Newgioco Group, Inc. to Present at the 11th Annual LD Micro Main Event

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Newgioco Group, Inc. to Present at the 11th Annual LD Micro Main Event | 12/03/2026

NEW YORK, NY / ACCESSWIRE / December 3, 2025 / Newgioco Group Inc. (OTCQB: NWGI), a company providing regulated online and land-based gaming and sports bet wagering through licensed subsidiaries in Italy and Austria, and headquartered in Toronto, Canada, today announced that it will be making a group presentation at the 11th annual LD Micro Main Event on Wednesday, December 5 at 8:00 AM PST / 11:00 AM EST. Ralph Garcea (VP, Corporate & Business Development) and Elizabeth MacLean (CFO) will be presenting and will be available for one-on-one meetings from 1:00 PM PST on December 4th through 3:00 PM PST on December 6 th. The LD Micro Main Event will take place December 4th, 5th, and 6th, at the Luxe Sunset Bel Air Hotel in Los Angeles, will feature 250 companies, and be attended by over 1,200 individuals. Guests that wish to participate in a one-on-one meeting with the Company or attend our group presentation are encouraged to contact LD Micro through the event website at https://www.ldmicro.com/events

Newgioco was recently featured in the CIO Review Magazine’s Casino Special Edition cover story, titled “Newgioco Group – The Next Big Thing in Sports Betting and Online Gambling”, and was recognized in the same publication’s feature on the “20 Most Promising Technology Solution Providers for Casinos in 2018”. In the cover story, Newgioco CEO and Director Michele Ciavarella discusses the opportunity the U.S. sports betting market presents with the repeal of the Professional and Amateur Sports Protection Act (PASPA) and Newgioco’s strategy for accessing that market by combining the Company’s longstanding track record of success within Italy’s highly regulated environment and introducing its betting technology platform to a select network of U.S. land-based licensed gaming operators.

To view the full online magazine “CIO Review – Casino Special Edition (October 2018)”, visit:

https://magazine.cioreview.com/magazines/October2018/Casinos/#page=10

As Newgioco prepares for entry into the U.S. sports betting market, it continues to show remarkable growth in its core market in Italy, where the Company has experienced a surge in online poker betting turnover resulting in significantly improved market share. The Company reported that its online poker turnover grew by 96% since January 2018 and its subsidiary Multigioco now ranks 6th for that category in Italy.

To view the complete news release, visit:

https://www.prnewswire.com/news-releases/newgioco-records-96-ytd-increase-in-online-poker-betting-and-gains-market-share-300757286.html

In addition to presenting at LD Micro, Newgioco will showcase its leading-edge EYS betting platform at the ICE Totally Gaming Show (“ICE”) in London, England, February 5 – 7, 2019. ICE is widely considered to be the gaming industry’s largest conference, bringing together global solutions experts in both international online and offline gaming sectors. In 2018, ICE (London) hit record attendance with over 33,000 visitors, 589 exhibitors from more than 65 countries and over 10,000 operators participating in the event.

About Newgioco Group, Inc.

Newgioco Group, Inc., together with its wholly-owned subsidiaries, is a fully licensed and integrated online and land-based leisure gaming operator. The Company conducts its business under the registered brand Newgioco primarily through its internet-based betting distribution network on its website, www.newgioco.it, as well as retail neighborhood betting shops situated throughout Italy.

The Company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots, as well as owning and operating an innovative betting platform (www.odissea.at) providing both B2B and B2C bet processing. Additional information is available on our corporate website at www.newgiocogroup.com.

Cautionary Note Concerning Forward-Looking Information

This 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. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake 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.

For further information, please contact:

investor@newgiocogroup.com
Bill Mitoulas
Investor Relations
bill.m@newgiocogroup.com
Office: +1 (416) 479-9547

Newgioco Records 96% YTD Increase in Online Poker Betting and Gains Market Share

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Newgioco Records 96% YTD Increase in Online Poker Betting and Gains Market Share| 11/29/2018

Newgioco Records 96% YTD Increase in Online Poker Betting and Gains Market Share

PR Newswire

NEW YORK, Nov. 29, 2018

NEW YORK, Nov. 29, 2018 /PRNewswire/ — Newgioco Group, Inc. (“Newgioco” or the “Company”) (OTCQB:NWGI), a company providing regulated online and land-based gaming and wagering through licensed subsidiaries in Italy and Austria, and headquartered in Toronto, Canada, is pleased to report that leading gambling, betting, and gaming news agency AGIMEG - Agenzia Giornalistica sul Mercato del Gioco (“AGIMEG”) shows a surge in Newgioco online poker betting turnover resulting in significantly improved market share.

Strong online poker turnover and market share growth
Newgioco Group, through its wholly owned subsidiary Multigioco S.R.L (“Multigioco”), continues its accelerating growth trend in fiscal year 2018 with online poker betting in Italy gaining significant ground. Multigioco reported online poker turnover growing by 96% since January 2018. AGIMEG also reports that Multigioco has increased its market share to 4.17% in October 2018 (from 2.4% in July 2018).

“Newgioco Group has made considerable progress since announcing the online poker strategy in December 2017, among the numerous highlights we recently announced, the company has signed several additional retail locations, significantly strengthened its roll out plan in the rapidly developing U.S. sports betting market, filled key executive and board positions and more than doubled its betting handle. The online poker strategy has performed extremely well with our subsidiary Multigioco now ranked 6th in poker betting turnover in the Italian gaming market,” stated Michele Ciavarella, CEO of Newgioco. “In addition, our powerful ELYS betting platform continues to attract a considerable number of new operators throughout Italy and has consistently delivered outstanding financial and operational results. We are quite confident that the steady expansion of Newgioco’s sports betting business in Italy and the entry in the U.S. market will reflect in our continued revenue growth and strong shareholder value.”

OPERATORS

MARKET SHARE

RANKING

POKERSTARS

37.84%

1

SKS365

7.01%

2

LOTTOMATICA

6.68%

3

SISAL

6.72%

4

SNAI

5.86%

5

MULTIGIOCO

4.17%

6

888

3.47%

7

EUROBET

3.20%

8

MICROGAME

3.12%

9

BETALAND

2.89%

10

BWIN

2.64%

11

BGAME

2.11%

12

STANLEYBET

1.89%

13

GOLDBET / INTRALOT

1.81%

14

ADMIRAL

1.47%

15

GRUPPO VINCITU’

1.36%

16

BETTING

0.90%

17

BET365

0.81%

18

E-PLAY24

0.81%

19

DOMUSBET

0.64%

20

Source: Agimeg processing on ADM (Agenzia delle Dogane e dei Monopoli) data – October 2018

About Newgioco Group, Inc.

Newgioco Group, Inc., together with its wholly-owned subsidiaries, is a fully licensed and integrated online and land-based leisure gaming operator. The Company conducts its business under the registered brand Newgioco primarily through its internet-based betting distribution network on its website, www.newgioco.it, as well as retail neighborhood betting shops situated throughout Italy.

The Company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots, as well as owning and operating an innovative betting platform (www.odissea.at) providing both B2B and B2C bet processing. Additional information is available on our corporate website at www.newgiocogroup.com.

Cautionary Note Concerning Forward-Looking Information
This 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. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake 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.

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Newgioco Reports 2018 Third Quarter Results

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Newgioco Reports 2018 Third Quarter Results | 11/21/2018

NEW YORK, NY / ACCESSWIRE / November 21, 2025 / Newgioco Group, Inc. (“Newgioco” or the “Company”) (OTCQB: NWGI), a sports betting and gaming technology company providing regulated online and land-based gaming and wagering through licensed subsidiaries in Italy and Austria, and headquartered in Toronto, Canada, today reported its financial and operating results for the third quarter ended September 30, 2018.

Financial Highlights

  • Non-GAAP gaming turnover increased by 82.6% to approximately USD $87.9 million for the three months ended September 30, 2025 as compared to approximately USD $48.1 million during the same period last year;
  • Non-GAAP gaming turnover increased 85.2% to approximately USD $278.5 million for the nine months ended September 30, 2025 as compared to approximately USD $150.4 million during the same period last year;
  • GAAP revenue for the nine months ended September 30, 2025 increased 92.8% to $25.2 million on a year over year basis from $13.1 million for the nine months ended September 30, 2025 and increased 52.7% year over year to approximately USD $7.8 million for the three months ended September 30, 2025 as compared to approximately USD $5.1 million for the three months ended September 2017;
  • Total assets grew by 84.8% to approximately USD $22.6 million, compared to approximately USD $12.2 million at December 31, 2017; and
  • Cash position remained strong at approximately USD $5.8 million at September 30, 2018, compared to approximately USD $6.5 million at December 31, 2017.

Corporate Highlights

  • Substantial design and development work on new, innovative technologies with new products expected to go to market in Q4;
  • Significant personnel additions including additions to the Company’s board of directors and management team; and
  • Technological readiness for expansion into the U.S. sports betting market.

“In the third quarter of 2018, which is seasonably a weak quarter for us, we again delivered strong year over year sales growth while continuing to invest in our cutting-edge sports betting platform, ELYS, a one-stop sports betting solution for licensed casinos and gaming retailers. On the back of this strong operational performance, the Company is increasing its non-GAAP betting turnover guidance to $325 million for the 2018 fiscal year. With industry-leading capabilities, Newgioco’s betting platform which offers a cutting-edge risk managed sports book with fully integrated land-based, mobile and online applications, built-in AI and BI technology and operator-centered gaming architecture, along with unique features and rich graphics we believe that are well-positioned for future growth in 2019,” stated Michele Ciavarella, Newgioco’s Chief Executive Officer.

Growth Initiatives and Milestones Achieved in 2018

  • Submits Application for NASDAQ Listing (April 2018): Newgioco submitted its application to list its shares of common stock on the NASDAQ stock market;
  • Raises USD $7.5 million in Private Placement Financing (June 2018): Newgioco announced the over-subscribed closing of its private placement of convertible debentures. To accommodate investor demand, the Company increased the size of the initial debenture offering from $1.5 million to $7.5 million. Together with the first two financing rounds completed in February and April 2018, the private placement of debentures, which are convertible into shares of the Company’s common stock at a fixed price of $0.40 per share, resulted in aggregate gross proceeds of approximately $8 million consisting of approximately $7 million in cash and approximately $1 million in conversions from debentures issued in 2017.
  • Appointment of New Board of Directors (July 2018): Newgioco announced the appointment of three new independent board members, Russel McMeekin, Harold Wolkin and William Rutsey. Each of the new directors brings a wealth of global experience across a variety of different industry groups along with extensive experience in gaming operations and strategy.
  • Entry into U.S. Sports Betting Market (September 2018): Newgioco announced its intention to enter the U.S. sports betting market following the repeal of the Professional and Amateur Sports Protection Act (PASPA) in May 2018. Newgioco aims to enter the U.S. gaming industry by combining its longstanding track record of success within Italy’s highly regulated gaming market and introducing its cost-effective, highly-scalable and customizable sports betting technology platform to a select partner network of U.S. land-based licensed gaming operators.
  • Begins GLI Certification (September 2018): Newgioco announced that the Company began coding to obtain the latest standard of GLI (Gaming Labs International, LLC) certification of its ELYS betting platform in preparation to launch its U.S. sports betting business. Newgioco’s ELYS betting platform is a proven, powerful and efficient betting engine in the Company’s core Italian market. ELYS features seamless, integrated gaming account and transaction processing for B2B operators, and Newgioco believes it will resonate with casino operators in the U.S. when compared to other platforms and products being offered by certain established competitors.
  • Launches Business Development Initiatives in U.S. Market (October 2018): Newgioco attended the 2018 Global Gaming Expo (“G2E”) held in Las Vegas, Nevada from October 8-11, 2018. At G2E, the Company meet with numerous U.S. based casino operators and demonstrated the newest release of its sports betting platform, ELYS. ELYS provides a fully automated and managed sports book, with an increased number of markets offered (both pre-match and live “in-game” betting), real-time risk monitoring with risk acceptance and bet monitoring tools, virtual sports betting, multi-channel payment methods and integration with multiple casinos and slot content providers.
  • Newgioco Announces the Effectiveness of its Resale Registration Statement on Form S-1 (November 2018):Newgioco announced the effectiveness of its resale registration statement on Form S-1 relating to the resale of up to 3,892,379 shares of the Company’s common stock issuable upon exercise of warrants held by certain selling shareholders.
  • Strengthens Management Team (September 2018): Newgioco announced several key additions to its leadership and management team. Key management additions included Elizabeth J. MacLean (Vice President Finance and Accounting), Alessandro Marcelli, (Chief Operating Officer), Ralph M. Garcea (Vice President Corporate and Business Development), Jay Cardwell (Interim Chief Financial Officer) and Bill Mitoulas (Vice President of Communications and Investor Relations).
  • Recognized by CIOReview Magazine (October 2018): Newgioco recognized by CIOReview Magazine as ” 20 Most Promising Technology Solutions Providers for Casinos in 2018″.
  • “Newgioco has made significant progress and achieved numerous operational, technological and financial milestones over the past year. We have built a strong, profitable and sophisticated gaming organization, while positioning the Company in 2019 to reach its long-term strategic goal and vision of continued organic growth in Italy and strategic entry into the U.S. gaming market,” stated Michele Ciavarella, Chief Executive Officer of Newgioco.

About Newgioco Group, Inc.

Newgioco Group, Inc., together with its wholly-owned subsidiaries, is a fully licensed and integrated online and land-based leisure gaming operator. The Company conducts its business under the registered brand Newgioco primarily through its internet-based betting distribution network on its website, www.newgioco.it as well as retail neighborhood betting shops situated throughout Italy.

The Company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots, as well as owning and operating an innovative betting platform (www.odissea.at) providing both B2B and B2C bet processing. Additional information is available on our corporate website at www.newgiocogroup.com.

Cautionary Note Concerning Forward-Looking Information

This 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. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake 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.

For further information, please contact:
investor@newgiocogroup.com

Bill Mitoulas
Investor Relations
bill.m@newgiocogroup.com
Office: +1 (416) 479-9547

Newgioco Announces Effective Date of Resale Registration Statement on Form S-1

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Newgioco Announces Effective Date of Resale Registration Statement on Form S-1| 11/14/2018

NEW YORK, NY / ACCESSWIRE / November 14, 2025 / Newgioco Group, Inc. (”Newgioco” or the ”Company”) (OTCQB: NWGI), a sports betting and gaming technology company providing regulated online and land-based gaming and wagering through licensed subsidiaries in Italy and Austria, and headquartered in Toronto, Canada, announced today that its resale registration statement on Form S-1 (the “Registration Statement”) relating to the resale of up to 3,892,379 shares (the ”Shares”) of the Company’s common stock issuable upon exercise of warrants (the ”Warrants”) held by certain selling shareholders was declared effective by the Securities and Exchange Commission (”SEC”) on November 6, 2018.

Although Newgioco will not receive any proceeds from the resale of the Shares, it will receive gross proceeds of US$0.50 per share upon the exercise of the Warrants. The Registration Statement, while effective, will allow the selling shareholders named therein to publicly resell the Shares subject to the prospectus delivery requirements of the Securities Act of 1933, as amended, in connection with any such resale.

The offering of the Shares may only be made by means of a prospectus. The Registration Statement and prospectus may be obtained electronically through the SEC’s website at www.sec.gov. A copy of the prospectus relating to the offering may be obtained by writing to Newgioco Group, Inc. at Suite 701, 130 Adelaide St. W. Toronto, Ontario, M5H 2K4, by calling (416) 306-1771 or by e-mailing investor@newgiocogroup.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Newgioco, nor shall there be any sales of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The effectiveness of the Resale Registration Statement and commitment to transparency for shareholders is the culmination of years of strategic, technological and operational progress. As part of the long-term growth plan to enter and develop our operations in the U.S. sports betting market, Newgioco has significantly enhanced its board of directors and executive management team, which now includes the following:

  • Harold Wolkin as Chairman of the Board and independent director;
  • William Rutsey as independent director;
  • Russel McMeeken as independent director;
  • Alessandro Marcelli as Chief Operating Officer;
  • Elizabeth J. MacLean as Vice President Finance and Accounting;
  • Ralph M. Garcea as Vice President Corporate and Business Development;
  • Jay Cardwell as Interim Chief Financial Officer;
  • Bill Mitoulas as Vice President of Communications and Investor Relations; and
  • Luca Pasquini, as our Chief Technology Officer and director.

Michele Ciavarella, Chief Executive Officer of Newgioco stated, “We have made significant progress over the past year and built a strong, profitable and sophisticated gaming organization. Each new member of the Newgioco team brings a wealth of global experience across a variety of different industry groups along with extensive experience in gaming operations and strategy, which will further assist the Company in reaching its long-term strategic goal and vision of continued organic growth in Italy and entry into the U.S. gaming market.”

About Newgioco Group, Inc.

Newgioco Group, Inc., together with its wholly-owned subsidiaries, is a fully licensed and integrated online and land-based leisure gaming operator. The Company conducts its business under the registered brand Newgioco primarily through its internet-based betting distribution network on its website, www.newgioco.it as well as retail neighborhood betting shops situated throughout Italy.

The Company offers its clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots, as well as owning and operating an innovative betting platform (www.odissea.at) providing both B2B and B2C bet processing. Additional information is available on our corporate website at www.newgiocogroup.com.

Cautionary NoteConcerning Forward-Looking Information

This 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. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake 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.

For further information, please contact:
investor@newgiocogroup.com

Bill Mitoulas
Investor Relations
bill.m@newgiocogroup.com
Office: +1 (416) 479-9547