Elys Game Technology, Corp. announced a binding term sheet with Lottomatica S.p.A. Under the terms of the agreements, Elys will contribute a commercial partition of its betting technology to integrate within the Lottomatica environment. Elys will also assure the functional operation of the Product through dedicated engineering and technical service teams and will earn tiered license fees from operation of the Product.

In addition, subject to regulatory approvals where applicable, the parties may also collaborate on additional growth initiatives.