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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.
Elys Game Technology (Nasdaq:ELYS) has announced an extension of its strategic partnership with Sportradar to enhance its sports betting platform ahead of its U.S. launch. The agreement provides Elys access to crucial pre-game and in-play data for major U.S. sports, allowing for a variety of live betting options. The first retail sports betting location is set to open in Washington, D.C. soon, with the U.S. sports betting market projected to reach nearly $7 billion in revenue by 2025, according to Morgan Stanley.
Elys Game Technology, Corp. (Nasdaq: ELYS) announces its participation at the Winter Wonderland Conference, hosted by The MicroCap Rodeo, from February 16-19, 2021. The executive team will present on February 16 at 11:00 AM ET, with a live webcast available for replay. The conference showcases 25 companies, each selected as top ideas by qualified institutional investors, featuring 25-minute presentations and one-on-one meetings. Elys Game Technology specializes in B2B global gaming technology, offering a variety of gaming products and services, particularly in Italy.
Elys Game Technology (Nasdaq:ELYS) reported a 26% increase in net gaming revenue, reaching approximately $13.1 million in Q4 2020, compared to $10.4 million in Q4 2019. The company also noted a 69% growth in web-based gross gaming revenue. Market spending in Italy's online sports betting sector grew by 37.5% in 2020. Elys's online gaming performance rose by 65% year-over-year, capturing a 56% market share growth. The firm aims to expand in the U.S. and expects meaningful milestones ahead.
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 Game Technology, Corp. (Nasdaq: ELYS; NEO: ELYS; BER: 3UW) has appointed Emerging Markets Consulting (EMC) to enhance its investor relations and branding efforts. CEO Michele Ciavarella emphasized the need to engage a growing investor base across North America and Europe, leveraging Elys's listings on global exchanges. EMC's President, James Painter, praised Elys's management and market strategy, particularly the opportunities in the U.S. sports betting sector, bolstered by their regulatory readiness for B2B operations in the U.S.
Elys Game Technology has been officially listed on the NEO Exchange under the symbol NEO:ELYS, marking a significant milestone for the company as it expands its presence in the U.S. and Canadian markets. The listing comes as Canada considers legislation to legalize single-event sports betting, potentially enhancing Elys' market position in a sector where CDN$80 billion is wagered annually. Elys is also the first company to dual-list on both the NEO Exchange and NASDAQ, where it has been trading as ELYS since December 2019.
Elys Game Technology (Nasdaq: ELYS) has joined the National Council on Problem Gambling (NCPG) to enhance responsible gambling practices. This membership allows Elys to support vital programs aimed at preventing and treating problem gambling. With plans for its first U.S. deployment in Washington D.C., Elys is committed to creating safe gambling environments. The collaboration with NCPG aims to promote industry standards and improve player protections. This partnership is a strategic move for Elys as it prepares to launch its sports betting platform in the United States.
Elys Game Technology, Corp. (Nasdaq:ELYS, NEO:ELYS) has commenced trading on the NEO Exchange, marking the first dual-listing of a technology company from NASDAQ to NEO. With a market capitalization of approximately $109.6 million, Elys reported a 43.6% increase in year-over-year revenue for Q3 2020, driven by its web-based gaming growth. The company aims to expand in both U.S. and Canadian markets, particularly with proposed legislation in Canada to legalize single-event sports wagering, which could enhance their market position.
Elys Game Technology, Corp. (Nasdaq:ELYS) announced that CEO Michele Ciavarella will participate in a panel titled, 'How to Choose a Sports Betting Technology Partner,' at the Betting on Sports – Digital Conference on December 1, 2020, at 5 PM ET. The discussion will address critical topics such as selecting tech partners, industry trends, and regulatory challenges. The event, sponsored by the Sports Betting Community (SBC), brings together industry leaders to shape the future of U.S. sports betting and features various networking opportunities.
Elys Game Technology, Corp. (Nasdaq:ELYS) lauds proposed Canadian legislation to legalize single-event sports wagering, potentially enabling provinces to manage these activities. CEO Michele Ciavarella emphasizes strong bipartisan support for the bill, predicting a positive impact on Elys and the industry. With an estimated CDN$80 billion wagered annually on sports in Canada, the company believes it can capitalize on this opportunity, leveraging its established presence and advanced technology to expand operations across Canadian provinces.
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