Newgioco Group, Inc.
NWGIW
Other OTC0.02
USD
-0.01
- -
Newgioco Group, Inc.
NWGIW
(Other OTC)
Recent
price
0.02
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Newgioco Group, Inc. (OTCQB:NWGIW) operates as a leisure betting technology company, providing regulated online and land-based gaming and wagering services through licensed subsidiaries primarily in Italy; its core offerings encompass sports betting, virtual sports, online casino games, poker, bingo, lottery, interactive games, slots, and the ELYS betting platform for B2B and B2C bet processing via www.odissea.at. Founded in 1998 and headquartered in Toronto, Canada, the company targets leisure gaming operators and consumers across Europe, with historical expansion efforts into the U.S. market, including tribal casino deployments and virtual gaming software from acquisitions like Virtual Generation Limited. In a major recent development, its former parent Elys BMG Group agreed in April 2024 to sell the Newgioco B2C Italian brand and subsidiary Multigioco Srl to an undisclosed buyer, pending regulatory approvals from Italy's Agenzia delle Dogane e dei Monopoli and antitrust authorities, as part of Elys' strategic shift toward U.S. expansion.