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ELYS BMG GROUP INC - ELYS STOCK NEWS

Welcome to our dedicated page for ELYS BMG GROUP news (Ticker: ELYS), a resource for investors and traders seeking the latest updates and insights on ELYS BMG GROUP stock.

ELYS BMG GROUP INC (symbol: ELYS), also known as Elys Game Technology Corp., is an interactive gaming and sports betting technology company. The company is fully licensed and operates both online and land-based gaming platforms. Elys conducts its primary business through the internet-based gambling and sports betting platform under the registered brand Newgioco, accessible via www.newgioco.it, and through various retail neighborhood betting shops across Italy. Its comprehensive suite of leisure gaming products includes sports betting, virtual sports, online casino games, poker, bingo, interactive games, and slots.

Moreover, Elys offers an innovative betting platform, accessible at www.odissea.at, that caters to both B2B and B2C bet processing. The company has made significant strides in regulated markets globally, including recent expansions in North America.

In the U.S., Elys has introduced a unique small business sportsbook model that enables local businesses to offer sports gambling services. The first U.S. location, Grand Central Sportsbook in Washington D.C., has been a notable success, reporting Gross Gaming Revenue (GGR) of $67,500 per month, significantly exceeding initial expectations. Following this success, Elys has expanded with additional locations in D.C. and plans further growth in other states.

The company's competitive edge is underscored by its 'best odds' model, which provides the most competitive odds on various sports events, prioritizing long-term customer loyalty. This approach sets Elys apart from major players like DraftKings and FanDuel, which focus heavily on marketing spend for short-term gains. As sports betting continues to grow in the U.S., fueled by the popularity of the NFL and other major sports leagues, Elys is well-positioned to become a significant player in the market.

To stay updated on the latest developments, financial conditions, projects, and partnerships, visit the corporate website at www.newgiocogroup.com.

News

Elys BMG Group Announces Approval for The Ugly Mug Sportsbook in Washington, DC.

Rhea-AI Summary
Elys BMG Group, an interactive gaming and sports betting technology company, announces the approval for The Ugly Mug Sportsbook in Washington, DC. The sportsbook, powered by Elys' Gameboard betting technology, is set to open at 723 8th St. SE, becoming the fourth privately owned sportsbook venue in the District. The grand opening is scheduled for the week of April 27th, offering sports wagering, a classic American menu, and a relaxed atmosphere. This development showcases Elys' dedication to providing cutting-edge solutions to local businesses and sports enthusiasts.
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Elys BMG Group Announces New Installation at The Ugly Mug Sportsbook in Washington, DC.

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Elys BMG Group, Inc. completes sportsbook installation at The Ugly Mug in Washington, DC, marking its fourth privately owned sportsbook in the District. The venue offers a classic American menu and a casual atmosphere for sports fans and bettors.
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Elys BMG Group Announces Grand Opening Event For Grand Central’s H Street Sportsbook in Washington, DC.

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Elys BMG Group, Inc. announces the grand opening of Grand Central H-Street Sportsbook in Washington, D.C., showcasing a partnership with Brian Vasile. The event marks a significant milestone in Elys' expansion and commitment to delivering exceptional services in the sports betting market.
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Elys BMG Group Announces Approval For Grand Central’s H Street Sportsbook in Washington, DC.

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Elys BMG Group, Inc. announces provisional approval for Grand Central Sportsbook in Washington D.C. to open its H Street venue. This marks the third independently owned sportsbook powered by Elys' Gameboard technology in the region. The company plans to open more retail sportsbook operations in D.C. and other states in 2024, along with launching an online sportsbook in Colorado through a partnership with Caesars Entertainment.
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Elys Game Technology Bets Big On U.S. Market With Third Location

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Elys Game Technology Corp. (ELYS) is a growing sports betting and iGaming platform globally in regulated B2B and B2C markets. The online gaming platform has achieved success in the Italian market and is now aggressively expanding across North America. Elys is setting up new trends in the U.S. sports betting landscape by introducing small business sportsbooks and a unique 'best odds' model.
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Elys Game Technology Reports Third Quarter 2023 Business and Financial Results

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Elys Game Technology, Corp. (OTC:ELYS) (BER:3UW) provided a business update and reported financial results for Q3 2023. Key highlights include a market access agreement with Caesars Entertainment for Colorado sports betting, the launch of www.SportBet.com, and the expansion of sportsbook locations in Washington, D.C. Financially, total revenue decreased by 11.8%, total handle decreased by 2.4%, and operating expenses decreased by 10.2%. Net loss from continuing operations was $(3.2) million, or $(0.10) per share, compared to $(3.8) million, or $(0.14) per share, in the prior year period. Cash and cash equivalents were $2.6 million at September 30, 2023, compared to $3.4 million at December 31, 2022.
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Elys Game Technology Provides Call Coordinates for 2023 Annual Meeting of Stockholders

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Elys Game Technology, Corp. (OTC:ELYS) provides an update for its 2023 Annual Meeting of Stockholders, addressing concerns over COVID-19 transmission by urging shareholders to vote by proxy in advance of the Meeting. The Meeting will take place on November 9, 2023, at the Company’s corporate head office in Toronto, Ontario. Shareholders can also listen to the Meeting through a live conference call.
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Elys Game Technology Secures Multiyear Market Access Agreement with Caesars Entertainment Commencing in Colorado

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Elys Game Technology, Corp. has announced a market access agreement with Caesars Entertainment, providing immediate access to the Colorado sports betting market. This marks Elys' entry into the North American mobile sports betting landscape, with the launch of the '5D by Elys' mobile app under the SportBet.com brand.
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Elys Game Technology Announces Decision of Nasdaq Hearings Panel To Delist Common Shares

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Elys Game Technology receives delisting notice from Nasdaq
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Elys Game Technology Introduces Online and Mobile Sports Betting Brand for the U.S. Market (www.SportBet.com)

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Elys Game Technology, Corp. introduces new U.S.-focused online and mobile sportsbook brand, SportBet.com.
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FAQ

What is the current stock price of ELYS BMG GROUP (ELYS)?

The current stock price of ELYS BMG GROUP (ELYS) is $0.000001 as of October 15, 2024.

What is the market cap of ELYS BMG GROUP (ELYS)?

The market cap of ELYS BMG GROUP (ELYS) is approximately 7.5K.

What is Elys BMG Group Inc?

ELYS BMG Group Inc, also known as Elys Game Technology Corp., is a fully licensed interactive gaming and sports betting technology company.

What platforms does Elys operate?

Elys operates both online and land-based gaming platforms, including Newgioco for internet-based gambling and various retail betting shops throughout Italy.

What products and services does Elys offer?

Elys offers a full suite of leisure gaming products including sports betting, virtual sports, online casino games, poker, bingo, interactive games, and slots.

What is the 'best odds' model?

Elys' 'best odds' model provides the most competitive odds on various sports events, aiming to attract and retain clients by prioritizing long-term customer loyalty.

Where does Elys primarily operate?

Elys operates in regulated markets globally, with significant presence in Italy and recent expansions in North America.

What is the small business sportsbook model?

Elys' small business sportsbook model allows local businesses to offer sports gambling services, providing a convenient and cost-effective way to attract loyal customers.

What are Elys' future expansion plans?

Elys plans to expand its footprint in the U.S. starting with additional locations in Washington D.C. and then sequentially into other states.

How successful has Elys been in the U.S. market?

Elys' first U.S. location, Grand Central Sportsbook in Washington D.C., has been very successful, generating around $67,500 per month in Gross Gaming Revenue.

Where can I find more information about Elys?

You can visit Elys' corporate website at www.newgiocogroup.com for more information on their services, financial condition, and latest updates.

How does Elys compare to competitors like DraftKings and FanDuel?

While major competitors focus heavily on marketing spend for short-term gains, Elys leverages its 'best odds' model and local small business partnership approach to build long-term customer loyalty.

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ELYS BMG GROUP INC

Nasdaq:ELYS

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ELYS Stock Data

7.49k
24.32M
36.19%
0%
0.43%
Gambling
Consumer Cyclical
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