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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, Corp. has submitted its U.S. Gameboard sports betting platform for certification to the New Jersey Division of Gaming Enforcement. The company has also applied for a Transactional Waiver, which will allow it to begin installation procedures in New Jersey through its partnership with Ocean Casino Resort. Executive Chairman Michele Ciavarella highlighted this milestone as part of Elys's goal to expand its multi-pronged revenue strategy, which includes growth in traditional casinos, small business sportsbooks, and mobile i-Gaming.
Elys Game Technology (NASDAQ:ELYS) has announced a binding term sheet with Lottomatica S.p.A., aiming to develop a customized sportsbook technology platform for Lottomatica's North American growth. This partnership is expected to enhance Elys' operational capabilities and drive long-term shareholder value. Elys will contribute its betting technology and provide ongoing engineering support, earning tiered license fees from the platform's operation. The agreement is seen as a strategic move to capitalize on opportunities in the online gaming industry.
Elys Game Technology, Corp. (Nasdaq:ELYS) will hold an investor video conference on January 28, 2022, at 9:00 a.m. ET to discuss recent developments, performance, and future objectives. Management will also conduct a Q&A session. Interested parties can register through the provided link. Elys operates globally with a range of gaming products, including sports betting and online casinos. The company has a strong presence in Italy and has expanded its reach into five U.S. states under the US Bookmaking brand.
Elys Game Technology, a leading interactive gaming and sports betting technology company, will present at the 2022 Alliance Global Partners Emerging Growth Technology Conference on February 2, 2022. Executive Chairman Mike Ciavarella will hold one-on-one meetings with institutional analysts and investors to discuss Elys' ongoing expansion in the U.S. sports betting market, particularly in small businesses and casinos. The company highlights the success of its partnership with Grand Central Restaurant and Sportsbook in Washington DC and aims to leverage its innovative technology for further growth.
Elys Game Technology reported strong results from its first U.S. small business operations at Grand Central Restaurant and Sportsbook in Washington D.C. for Q1 2022. December revenues exceeded $90,000, with total sports wagering handled reaching $735,386. The company aims to expand its player terminals and anticipates continued month-over-month revenue growth. Elys also plans to open its first large venue retail location at Ocean Resort Casino in Atlantic City, showcasing the potential for scalability across the U.S. and Canada.
Elys Game Technology has appointed Carlo Reali as Interim Chief Financial Officer and Principal Accounting Officer effective January 5, 2022. Reali has extensive experience in corporate finance and was previously the Group Financial Controller. Former CFO Mark Korb will transition to Head of Corporate Affairs. Additionally, Tory Key and Steven Maldonado have been added to enhance U.S. operations. This leadership shift aims to strengthen Elys' position in the increasingly competitive U.S. sports betting market.
Elys Game Technology, Corp. (NASDAQ:ELYS) has voluntarily delisted its common shares from the NEO Exchange in Canada, effective December 29, 2021, as part of its corporate strategy. The company's shares will continue to trade on Nasdaq. Executive Chairman Michele Ciavarella expressed gratitude for the NEO Exchange's support during the listing process. Elys operates globally with a focus on B2B gaming technology and offers a range of gaming products and services, including sports betting and online casino operations.
Elys Game Technology (NASDAQ:ELYS) announced a content distribution agreement with Playtech, enhancing its i-gaming offerings in Italy. The collaboration allows Elys to integrate Playtech's digital gaming content under the Newgioco brand. Elys now features a broad array of games, including 1,300 slots and 100 table games, significantly boosting its online and mobile casino services. This move is part of Elys's strategy to expand into regulated markets, including Canada and the U.S., aiming for increased traffic and revenue.
Elys Game Technology reported significant growth in its U.S. sportsbook metrics for November, with bet tickets increasing over 200% to 7,951 and betting handle rising by 139% to $495K. The company's unique betting platform, launched in October, has shown strong organic demand with minimal marketing. Looking ahead, Elys anticipates continued growth in December and plans to expand its technology to larger venues, including the Ocean Resort Casino in March 2022. The company's performance suggests robust scalability potential in the U.S. and Canada.
Elys Game Technology, Corp. will hold its annual meeting of shareholders on December 8, 2021, at 10 a.m. EST in Toronto, Ontario. Due to COVID-19, precautions for social distancing will be observed. Shareholders are encouraged to vote by proxy at www.proxyvote.com. Those attending in person will be able to vote, while participants listening via telephone will not. The company operates globally in the gaming sector, providing a range of gaming products and services, both online and land-based.
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