- Elys Gaming Technology will provide retail sports betting services for Maryland’s Rod ‘n’ Reel Resort.
- The Rod ‘n’ Reel Resort is located in Chesapeake Beach, Maryland located approximately an hour southeast of Washington, DC.
- Elys currently has gaming operations in five US states and the District of Columbia.
Though I’m admittedly biased toward the Intermountain West, it looks like Maryland’s Rod ‘n’ Reel Resort will very soon have one of the most scenic retail sportsbooks in the United States. Rod ‘n’ Reel is located in Chesapeake Beach, Maryland located on the western shore of the Chesapeake Bay. That’s it in the feature photo accompanying this article.
The Rod ‘n’ Reel Resort has selected Elys Game Technology to provide retail sports betting services. According to the press release announcing the partnership, Elys will get a percentage of revenue in return for their services. Here’s the details:
Elys Game Technology, Corp. (“Elys” or the Company”) (Nasdaq: ELYS), an interactive gaming and sports betting technology company, today announced a partnership with Rod ‘N’ Reel Resort in Chesapeake Beach, MD to provide its land-based sportsbook services. Under the agreement, for providing the sportsbook platform and services, Elys will receive a percentage of all sports betting revenue generated at the resort pending final regulatory approval.
The Maryland Lottery and Gaming Control Agency recently approved new rules for Maryland sports betting. Rod ‘N’ Reel Resort was one of just seven named ‘class B’ entities in the state of Maryland guaranteed a sportsbook license. Rod ‘N’ Reel Resort is currently undergoing a significant three-phase renovation project and expects to commence land-based sportsbook betting upon regulatory approval.
Here’s some background about Elys:
Elys Game Technology, Corp., is a B2B global gaming technology company operating in multiple countries worldwide, with B2C online and land-based gaming operations in Italy. Elys offers its clients a full suite of leisure gaming products and services, such as sports betting, e-sports, virtual sports, online casino, poker, bingo, interactive games and slots in Italy and has operations in five states as well as the District of Columbia in the U.S. market. Elys’ vision is to become a global leader in the gaming industry through the development of pioneering and innovative technology.
The Company provides wagering solutions, services online operators, casinos, retail betting establishments and franchise distribution networks. Additional information is available on our corporate website at www.elysgame.com.
As far as the Rod ‘n’ Reel Resort goes, it sounds like there’s a lot going on there:
Located on Maryland’s picturesque Chesapeake Bay western shore, Rod ‘N’ Reel Resort is a family-friendly, waterfront destination just a short drive from Washington, D.C., Baltimore, and Annapolis. With over 300 boat slips, three full-service restaurants, Gaming, Charter Fishing, Salon and Spa, Barber Shop, Water Sport Rentals, and 71 hotel rooms, Rod N Reel Resort is the best entertainment venue on the Chesapeake Bay. Gaming at Rod ‘N’ Reel Resort features over 275 pull tab machines, live bingo sessions with a year-round calendar of special events, from progressive jackpots to HOT SEAT drawings. Additional information is available at: https://www.rnrresortmd.com/
Mary Lanham, President of Rod ‘N’ Reel Resort, spoke very highly of Elys in her quote:
“Prior to selecting Elys as our sportsbook provider, we evaluated a number of potential solutions. Elys’ platform and team clearly stood out based on the ease of use and integration with our existing operations, their proven track record with major casinos, as well as their decades of experience in the regulated sportsbook market. We look forward to offering sports gaming as an amenity to the resort experience, establishing Rod ‘N’ Reel Resort as a premier destination for the local community and visitors along the Chesapeake Bay. We also appreciate the support of the Maryland Gaming Commission in granting us this license and believe this major initiative will support the local community by providing quality jobs and maintaining gaming revenue within the state.”
Here’s Michele Ciavarella, Executive Chairman of Elys Game Technology, with her thoughts on the partnership:
“We are excited to enter this partnership with the Rod ‘N’ Reel Resort in Maryland, and to provide an end-to-end, first-in-class “Build-a-Bet” sportsbook solution consistent with the amazing experience that Rod “N” Reel Resort currently offers its guests, and we look forward to working with management to fulfil their inaugural sportsbook goals. This is yet another example of how we are executing on our North American expansion strategy, by providing a proven and unique retail sportsbook solution to a variety of business operators ranging from restaurants and sports bars to premier resorts around the country. We believe our unique auxiliary Build-a-Bet mobile platform is an industry first and a key tool for operators to attract and maintain their loyal customers.”
Between the remodeling at Rod ‘n’ Reel and the regulatory hoops to jump through no timeline on the launch of retail sports betting. I’ve spent some time in Chesapeake Beach and it’s a beautiful place. An FYI to the management at Elys and Rod ‘n’ Reel–I’m available to place the ceremonial first bet.