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. (OTC: ELYS) delivers cutting-edge interactive gaming and sports betting technology solutions for digital platforms and physical venues. This news hub provides investors and industry observers with essential updates about the company’s strategic developments, regulatory compliance efforts, and market expansion initiatives.
Access consolidated coverage of ELYS’s press releases, including product launches, partnership announcements, and financial disclosures. Our repository ensures you stay informed about innovations in sportsbook installations, B2B technology licensing agreements, and advancements in secure betting platforms.
Key updates include earnings reports, executive leadership changes, new market entries, and technology upgrades. The curated content supports analysis of ELYS’s position in the competitive gaming sector while maintaining strict adherence to factual reporting standards.
Bookmark this page for streamlined access to verified information about Elys BMG Group’s operational milestones. Check regularly to monitor how the company continues bridging online gaming experiences and retail betting ecosystems through its integrated technology solutions.
Elys Game Technology, Corp. (NASDAQ: ELYS) has announced a definitive agreement for a registered direct offering of 3,166,227 shares at $0.9475 per share, expected to close around June 15, 2022. Concurrently, the company will issue warrants for the same number of shares, exercisable after six months at the same price, valid for five years. The offering is projected to raise approximately $3.0 million for working capital and general corporate purposes. H.C. Wainwright & Co. is the exclusive placement agent for this transaction.
Elys Game Technology, Corp. (NASDAQ:ELYS) has entered into an agreement with Petworth Wagering, LLC to operate a sportsbook at Entitlement Restaurant and Cigar Lounge in Washington D.C. This venue will be the fifth location in D.C. utilizing Elys' sportsbook system, enhancing the company’s strategy of integrating sports betting into social venues. The agreement spans an initial three-year term with two possible two-year extensions. Elys aims to boost revenue and employment opportunities through this partnership while continuing to expand its presence in the gaming market.
Elys Game Technology, Corp. (Nasdaq: ELYS) has partnered with District Hospitality to operate the BetDupont sportsbook in Washington D.C.'s Dupont Circle. This agreement represents Elys' fourth restaurant sportsbook solution, aiming to enhance the dining and gaming experience. The partnership includes an initial three-year term with two potential two-year extensions, contingent upon licensing. Elys plans to expand its sportsbook offerings in D.C. and surrounding states, leveraging low installation costs and established customer relationships to foster growth in local businesses.
Elys Game Technology reported Q1-2022 GAAP revenue of
Elys Game Technology, Corp. (NASDAQ: ELYS) announced retail distribution agreements with Virtual Generation Limited to launch virtual sports wagering and amusement products in Italy. This initiative targets around 5,000 retail locations, aiming to generate $5-$7 million in annual revenue. The deployment includes various virtual sports events, enhancing Elys's market presence in Italy and beyond. Executive Chairman Michele Ciavarella emphasized that the investment in Virtual Generation positions the company competitively across regulated markets, including the U.S., Canada, and South America.
Elys Game Technology, Corp. (Nasdaq: ELYS) has announced an exclusive partnership with Wright Bet Ventures LLC to manage multiple sportsbooks in Ohio. This collaboration aims to replicate the successful Washington, D.C. model, allowing local businesses to offer sports betting licenses. If approved by the Ohio Casino Control Commission, the partnership could establish up to 12 sportsbook locations statewide. Elys expects significant contributions to Ohio's economy, targeting nearly $1 billion in gross gaming revenue, with operations anticipated to launch in January 2023.
Elys Game Technology reported a record GAAP revenue of
Elys Game Technology, Corp. (NASDAQ: ELYS) has appointed Sandy Drozd to lead its U.S. and Canadian technology deployments, advancing its expansion strategy. With over 25 years in the sports gaming industry, Drozd's expertise includes regulatory compliance and technology implementation. Elys aims to become a leading B2B sports betting technology provider in North America, leveraging Drozd's experience from Wynn Resorts and other firms. The company continues to expand its operations in various U.S. states and the District of Columbia.
Elys Game Technology announced a partnership with All Bets Inc. to launch allBETS DC One, a sportsbook in Washington, D.C. This venue, located at 821 Upshur St. NW, will be managed by Elys' subsidiary, USBookmaking, which will provide risk management and trading services. This marks Elys' third implementation of its turn-key sportsbook solutions in non-traditional locations. The venture aims to support minority-owned enterprises in the sports betting sector and foster revenue opportunities for local businesses.
Elys Game Technology, Corp. (NASDAQ:ELYS) has announced definitive agreements with Lottomatica S.p.A. to license a customized sportsbook platform, primarily targeting the North American market. The partnership aims to expand Elys' land-based distribution in Italy and enhance its digital presence in Canada and the U.S. Elys views 2022 as a pivotal year for converting previous investments into revenue, leveraging its technology and expertise. The collaboration with Lottomatica is expected to position Elys as a leader in sports betting technology.
