Exhibit 21.1

 

List of Subsidiaries

 

Ulisse GmbH, a company organized under the laws of Austria

 

Odissea Betriebsinformatik Beratung GmbH, a company organized under the laws of Austria

 

Multigioco Srl., a company organized under the laws of the Republic of Italy

 

Virtual Generation Limited, a company organized under the laws of Malta

 

Newgioco Group, Inc. (Canada), a company organized under the Canadian laws

 

Newgioco Colombia SAS, a company organized under Colombian laws

 

Elys Technology Limited, a company organized under the laws of Malta

 

Elys Gameboard, LLC, a Delaware Limited Liability Company