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Champion Gaming Awarded Vendor Minor Sports Betting License in Colorado

Newsfile Corp.
·3 min read

License Marks First of Several Expected States' Licenses for Champion Gaming

Louisville, Kentucky--(Newsfile Corp. - January 24, 2022) - Champion Gaming Group Inc. (TSXV: WAGR) (formerly, Prime City One Capital Corp.) ("Champion Gaming" or the "Company") announced today that it has acquired a Vendor Minor sports betting license in Colorado. As a provider of proprietary sports content and analytics to companies licensed to operate sports betting, Champion Gaming is required to have a Vendor Minor License to operate in the State of Colorado.

The license was awarded by the Colorado Division of Gaming and allows the Company to partner with operators active in the state. Currently, Champion Gaming has three products targeting the US market, EdjSports, Football Outsiders and EdjVarsity, which provide industry-leading sports content, data and analytics.

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"We are pleased to have been granted a license to operate in Colorado," said Ken Hershman, CEO of Champion Gaming. "This is the first state of many that will enable us to structure revenue generating partnerships with sportsbooks interested in our dedicated and engaged audiences across all our brands."

About Champion Gaming
Champion Gaming is a sports content, data and analytics company that provides predictive and prescriptive analytical models and win probability applications and statistics in the sports industry for teams, media, fans, and bettors. The sports analytical and data solutions currently offered by Champion to its customers include: a fully customized probability engine; interactive sports matchup models; spread and over/under distributions; and sports statistics and historical data statistics.

Further information on Champion Gaming can be found at https://www.championgaming.com. Ongoing financial and disclosure documents can be found on SEDAR at www.sedar.com.

Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance of the Corporation. The use of any of the words "could", "intend", "expect", "believe", "will", "may", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the ability of the Corporation to successfully manage the risks inherent in pursuing business opportunities in the online gaming industry, and the ability of the Corporation to obtain qualified staff, equipment and services in a timely and cost-efficient manner to develop its business, the state of the capital markets, and the impact of the COVID-19 pandemic. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties. Forward-looking information necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Such risks and factors include, but are not limited to, the risk that the Corporation's management is unable to obtain qualified staff, equipment and services in a timely and cost-efficient manner to develop its business. The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

For further information, please contact:

Media Relations

HPL Digital Sport
Michael Adorno
VP of Communications
T: (212) 931-6143
E: madorno@hotpaperlantern.com

Investor Relations

Champion Gaming Group Inc.
T: 502.510.1505
E: ir@championgaming.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111182