Attached files

Exhibit 99.1

Newgioco Group Files 2016 Year-end Results on Form 10-K

New York, April 19, 2017.  Newgioco Group, Inc. (OTCQB:NWGI) a company providing
regulated online and offline retail gaming and wagering through licensed
subsidiaries in Italy, announced today that it has filed its 2016 year-end
results with the U.S. Securities and Exchange Commission.

The Company reports record gaming turnover by exceeding $100 million for the
first time in corporate history resulting in revenue growth of 82.6% to $8.9
million for the year ended December 31, 2016.  The Company also finished with
approximately 86,000 registered customers in 2016 up from 36,000 in 2015,
outperforming growth targets by approximately 10%.

Additional report highlights include:

 -   Cash in the bank grew significantly from $157,363 to $2.2 million;
 -   Total Assets more than doubled from approximately $3.6 million to $7.4
     million;
 -   Non-GAAP gaming turnover reached $106 million in 2016, an increase of 41.8%
     compared to $72.6 million in 2015;
 -   GAAP revenue reached $8.9 million in 2016, compared to $4.9 million for
     2015, an increase of 82.6%.

Overall net loss before income taxes, which includes non-recurring costs
associated with acquisitions, non-cash expenses and stock-based payments, was
trimmed by $216,038 or approximately 11% from $1.99 million in 2015 to $1.77
million in 2016.  The Company also recorded income tax payable of $198,025 on
profits earned from gaming operations during the year.

Newgioco experienced a breakthrough year in 2016 with addition of over 100
land-based locations from Ulisse GmbH ("Ulisse") as well as a state-of-the-art
betting platform through the acquisition of Odissea Betriebsinformatik Beratung
GmbH ("Odissea").  This innovative betting platform known as "ELYS" provides the
Company with the software technology and in-house ability to process wagers,
manage the products offered to our customers and develop new games and products
to meet trends of the market "on-demand."

With the acquisitions, Newgioco welcomed two key retail gaming operations
experts from Ulisse, Gabriele Peroni our new VP of Business Development, and
Franco Salvagni our new VP of Retail Operations, as well as the highly talented
team from Odissea including Luca Pasquini our new CTO, and Federico Reisenauer
along with two top-ranked Microsoft MVP software engineers Michael Denny and
Alessandro Alpi.

"Although we are very pleased with developments in 2016, our management team
remains committed to enhancing shareholder value by improving operational
efficiencies as our top-line continues to grow," stated Company Chairman and
CEO, Michele Ciavarella.  "With the bar set, we are confident that an ambitious
goal of 30 - 40% growth in retail gaming turnover for 2017 can be realised
through capturing market share by organic expansion within our existing network,
and by capitalizing on attractive acquisition opportunities on the strength of
our innovative betting platform."

About Newgioco Group, Inc.

Newgioco Group, Inc., together with its wholly owned subsidiaries, is a fully
licensed and integrated online and land-based leisure gaming operator.  The
Company conducts its business under the registered brand Newgioco primarily
through its internet-based betting distribution network on our website
www.newgioco.it as well as retail neighborhood betting shops situated throughout
Italy.

The Company offers its clients a full suite of leisure gaming products and
services, such as sports betting, virtual sports, online casino, poker, bingo,
interactive games and slots, as well as owning and operating an innovative
betting platform (www.odissea.at) providing both B2B and B2C bet processing.
Additional information is available on our corporate website at
www.newgiocogroup.com.

This Press Release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.  The Company
has tried, whenever possible, to identify these forward-looking statements using
words such as "anticipates," "believes," "estimates," "expects," "forecast,"
"plans," "intends," "potential" and similar expressions.  These statements
reflect the Company's current beliefs and are based upon currently available
information.  Accordingly, such forward-looking statements involve known and
unknown risks, uncertainties and other factors which could cause the Company's
actual results, performance or achievements to differ materially from those
expressed in or implied by such statements.

Investor Relations Contacts
investor@newgiocogroup.com

Newgioco Group Investor Relations contact form:
http://www.newgiocogroup.com/index.php/contact-us