The company has begun roll-out of the devices, with the first 100 NGoy terminals to be operational in Italy by December 2020. An additional 300 will then be installed throughout 2021.
It also hopes to expand deployment of the terminals in other European and US markets which permit regulated sports betting.
The kiosks offer an all-in-one self-service experience, allowing customers access to their gaming accounts for remote deposits and withdrawals, as well as the loading of pre-paid cards, phone cards and a variety of other banking services.
“Our NGoy branded virtual operator terminal is a first of its kind and built to address market demand from our customers in Italy for reliable, seamless accessibility to their gaming accounts and to provide convenient ancillary services in a one-stop solution,” Newgioco Group vice president of operations Alessandro Marcelli said.
“At full capacity, we expect that each new terminal location could generate approximately $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.”
The operator’s Italian retail betting network reopened in June, after being forced to close in March as a result of the novel coronavirus (covid-19) pandemic.
Following the easing of government restrictions, land-based betting shops including locations such as bars and coffee shops, were allowed to reopen in line with social distancing and sanitisation measures set out by the government.
Also in June, the group established a US-facing operating subsidiary, Elys Gameboard Technologies, with a view to expanding its sports betting operations in US jurisdictions.
In September, the Elys betting platform obtained the Gaming Laboratories International events wagering system certification standard GLI-33, covering the Elys betting system and retail point of sale terminals.
Newgioco reported in August an 18.5% year-on-year decline in revenue for the first half of 2020, although reduced operating costs saw the company halve its net loss for the period.
Turnover for the 6 months to 30 June fell 11.1% to $210m, with a 4% rise in online turnover negated by a 54.4% drop in land-based contribution.
After payouts of $192.5m, Newgioco’s gross gaming revenue was down 14.6% at $17.6m. After taxes, revenue for the first half came to $15.0m.