NWGI - Newgioco to install 400 new self-service point of sale terminals

Newgioco (NWGI) through its wholly owned subsidiary Multigioco Srl, plans to install up to 400 new self-service point of sale locations throughout Italy with the launch of NGoy Virtual Operator terminals.The first 100 NGoy (“Enjoy”) terminals to be operational in Italy by December 2020 and an additional 300 to be installed through 2021.Additionally, company intends to expand deployment of the NGoy terminal in other European countries that permit regulated sports betting.“At full capacity, we expect that each new terminal location could generate ~$35,000 to $40,000 in gross gaming and other value added service revenues on an annual basis and believe that our NGoy terminal will provide a unique customer engagement edge as we expand into additional European and newly regulated U.S. markets,” stated Alessandro Marcelli, VP of Operations of Newgioco.

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Newgioco to install 400 new self-service point of sale terminals