Emerging Markets Report: Games People Play
Elys Game Technology, Corp. (Nasdaq:ELYS), an interactive gaming and sports betting technology company, has commenced trading on Canada’s NEO Exchange, marking it the first dual-listing of a NASDAQ technology company on that exchange. Elys operates globally with B2C gaming in Italy, servicing over 1,500 locations and 100,000 online clients. The company aims to expand its innovative sports betting platform, Elys Gameboard™, into the U.S. market. Elys anticipates growth in its turnover, which surged from $122 million in 2016 to $454 million in 2019, reflecting its scaling strategy and market expansion efforts.
- Elys has successfully dual-listed on the NEO Exchange, enhancing investor access.
- The company operates a diverse portfolio including sports betting, e-sports, and online casino games.
- There is significant turnover growth, from $122 million in 2016 to $454 million in 2019.
- Expansion plans for the Elys Gameboard™ into the U.S. market signify potential growth.
- None.
An Emerging Markets News Commentary
ORLANDO, Fla., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Last week, Elys Game Technology, Corp. (Nasdaq:ELYS) (NEO:ELYS) (BER:3UW), an interactive gaming and sports betting technology company, announced that it has commenced trading on Canada’s NEO Exchange under the symbol "ELYS."
To date, it is the first dual-listing of a publicly traded technology company from the NASDAQ Capital Market to the NEO Exchange.
And while that news in and of itself is remarkable, the Company finding new markets in a very different year is not.
Elys Game Technology, Corp. is a B2B global gaming technology company operating in multiple countries worldwide, with B2C gaming operations in Italy servicing over 1,500 land-based locations that service an indeterminate number of walk-in players and over 100,000 active online clients. In Italy, Elys offers clients a full suite of leisure gaming products and services, such as sports betting, e-sports, virtual sports, online casino, poker, bingo, interactive games, and slots. The Company’s innovative wagering solution services online operators, casinos, retail betting establishments, and franchise distribution networks.
That’s the profile description. But the story is bigger, deeper.
It is important to note that Elys has interests in brick-and-mortar, online operators, and is pursuing market share in rapidly expanding categories like e-sports. Their specialist in-house engineering team developed and in 2017 launched one of the worlds newest, cutting-edge sports betting technology known as Elys Gameboard™ in the highly regulated Italian market. Elys now plans to expand this now proven system around the world beginning with the rapidly growing U.S. sports betting market. Elys monetizes their business through commissions earned on i-gaming products such as online casino, poker and lottery, in addition to profit margin on sports book spread sold to retail bettors through both online and land-based channels. Its announced strategy for the U.S. will be a hybrid B2B2C model leveraging the lightweight scalability of Elys Gameboard™ and their extensive retail expertise gained over the past two decades. In a very recent report, research house Zack’s points out the growth of Elys’ market:
“Turnover, or betting handle, has grown from about
Listing on the NEO gives the Company a massive new outlet for investors and institutions to find its shares. That much is certain.
As the Company looks to rapidly scale its product offering internationally and domestically, it will now be celebrating its newest corporate achievements and successes to a whole new audience.
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FAQ
What recent announcement did Elys Game Technology make regarding its stock trading?
What is the significance of Elys's dual-listing on the NEO Exchange?
How has Elys's turnover changed from 2016 to 2019?
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What gaming services does Elys Game Technology provide?
