Newgioco Group forms strategic alliance with United Tote to supply self-service betting terminals

Newgioco Group Inc (NASDAQ:NWGI) announced Tuesday it has formed a strategic alliance with United Tote Company to supply self-service betting terminals for the planned distribution of Newgioco's land-based retail sports betting channel throughout the US.  “As we move to pivot our advanced ELYS sports betting technology from our regulated European operations into US-facing operations, we are pleased to have established a relationship with a reliable supplier that can deliver consistent quality betting terminals for distribution of our retail sports betting channel in the US,” said Newgioco CEO Michele (Mike) Ciavarella in a statement.  "Similar to the proliferation of retail sports betting existing in many regulated countries, Newgioco firmly believes that the future of US sports betting will be built on a solid land-based foundation throughout the US.”  Ciavarella said there “significant number of potential local venues across the nation,” including convenience stores, service stations, restaurants, sports bars and other leisure locations. READ: Newgioco Group launching second betting product for indigenous sports Newgioco plans to partner with neighborhood vendors and proprietors like with its current relationships with Shane August of Handle 19, Andy Seligman and Brian Vasile of Grand Central in Washington, DC, and Raymond Parker at Northern Winz Casino for Tribal Class 1 wagering in Montana, he said. "We look forward to working closely with United Tote's professional team by sharing our extensive retail sports betting know-how to develop one of the best all channel experiences in the country, and are proud to partner with a firm that carries a reputable and professional long-standing history in the industry,” Ciavarella said. “We are honored to join their extensive list of top-quality clientele." United Tote Company, headquartered in Louisville, Kentucky is a wholly-owned subsidiary of Churchill Downs Incorporated and is a leading supplier of sports wagering kiosk terminals, services and equipment, pari-mutuel settlement services. Contact the author: patrick@proactiveinvestors.com Follow him on Twitter @PatrickMGraham