Elys Game Technology, a renowned sports betting supplier, has forged a strategic partnership with Rod ‘N’ Reel, a waterfront hotel and commercial bingo hall, to venture into Maryland’s flourishing retail sportsbook market. Elys will provide its cutting-edge sportsbook platform to facilitate the launch of an exciting new retail sportsbook at Rod ‘N’ Reel’s entertainment venue, which already boasts over 275 pull tab machines and live bingo. With the venue eagerly awaiting final license approval, the collaboration is set to elevate the gaming experience for visitors along the scenic Chesapeake Bay.
Resort President Mary Lanham’s Enthusiasm:
Mary Lanham, the president of Rod ‘N’ Reel Resort, expressed enthusiasm for the partnership with Elys, emphasizing the meticulous evaluation process undertaken before selecting the sportsbook provider. Elys’ platform stood out for its seamless integration with the resort’s existing operations, its successful track record with major casinos, and decades of experience in the regulated sportsbook market. The resort aims to offer sports gaming as an exciting amenity, solidifying its status as a premier destination for both local patrons and visitors alike.
Elys Game Technology’s Vision:
Michele Ciavarella, the executive chairman of Elys Game Technology, also shared excitement about the partnership with Rod ‘N’ Reel Resort in Maryland. Elys is committed to providing an end-to-end, first-in-class ‘Build-a-Bet’ sportsbook solution, aligning with the venue’s exceptional guest experience. The collaboration aims to fulfill Rod ‘N’ Reel Resort’s inaugural sportsbook goals, enhancing their gaming offerings and attracting a broader audience of sports enthusiasts.
Elys’ Expanding Footprint in the US:
This collaboration with Rod ‘N’ Reel Resort in Maryland is another milestone for Elys Game Technology, further expanding its presence in the US gaming market. Earlier this year, the company announced an agreement to operate the BetDupont sportsbook with District Hospitality in Washington DC, further showcasing their commitment to delivering exceptional gaming experiences. Moreover, Elys has also entered into a partnership with Wright Bet Ventures to operate multiple sportsbooks in Ohio, leveraging its subsidiary, USBookmaking, to provide top-notch sports wagering services.
Maryland Retail Sports Betting Soars:
In August, Maryland’s retail sports betting market witnessed a remarkable surge, with seven sportsbooks registering a handle of $18.7 million, a substantial 21 percent increase compared to the previous month’s $15.5 million. Sportsbooks reported revenue of $3.2 million, with a win rate of 17.3 percent, indicating a thriving market for operators. Tax collections for August amounted to $477,840, contributing to the Blueprint for Maryland’s Future Fund and supporting various developmental initiatives.
Elys Game Technology’s collaboration with Rod ‘N’ Reel Resort represents a significant milestone in the Maryland retail sportsbook market. The introduction of a cutting-edge sportsbook platform at this premier entertainment venue promises to elevate the gaming experience for visitors along the Chesapeake Bay. As the US gaming industry continues to grow, Elys Game Technology’s expanding footprint and commitment to delivering top-notch gaming solutions position them as a key player in the evolving landscape. The surge in Maryland’s retail sports betting handle and revenue highlights the region’s immense potential, attracting both operators and regulators to drive the gaming industry forward while contributing to essential developmental initiatives.