Newgioco grouping $NWGI Poised to Capitalize on Booming Global Online Gambling Market
inward this episode of CEOLIVE.TV we’re joined by Mr. Mike Ciavarella, Chairman, and CEO of Newgioco grouping, ticker NWGI and President, Alessandro Marcelli who heads up operations inward Italy.
Newgioco is a leisure betting technology company providing regulated lottery and gaming products and services throughout licensed subsidiaries inward Europe.
inward this interview Mr. Ciavarella and Mr. Marcelli discuss the company’s operations both hither and inward Europe as well as their cutting border technology platform for online betting.
hither is a summary of the highlights from NWGI’s latest financial results.
1. Cash reserves grew substantially from $1.68 million to $3.19 million;
2. Total Assets grew from approximately $7.15 million to $8.85 million;
3. GAAP revenue reached $13.1 million for the nine months ended September 30, 2017, compared to $5.88 million for the same period inward 2016, an increment of 122.8%;
4. Non-GAAP transactional sales of betting turnover reached $150.4 million for the nine months ended September 30, 2017, an increment of 88.24% from $79.9 million over the same period inward 2016.
About Newgioco grouping, Inc.
Newgioco grouping, Inc., together with its wholly-owned subsidiaries, is a fully integrated, licensed gaming technology company. The company conducts its business primarily through retail neighborhood betting shops and net-based betting software platform under the registered brand Newgioco through our licensed website www.newgioco.it situated inward Italy.
The company offers its clients a total suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, lottery, interactive games, and slots, as well as an innovative betting platform (www.odissea.at) providing both B2B and B2C bet processing. Additional info is available on our corporate website at www.newgiocogroup.com.
frontward-Looking Statements
This CEOLIVE.TV video interview contains frontward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to futurity events that involve risks and uncertainties. Among others, these risks include failure to meet schedule or performance requirements of the Company’s contracts, the Company’s ability to raise sufficient development and working capital, the Company’s liquidity position, the Company’s ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. inward the depression-cal of these uncertainties, the frontward-looking events referred to inward this release might not occur as planned or at all.
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