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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. (Nasdaq: ELYS) reported Q3 2021 results with a betting handle of
Elys Game Technology will host an investor update call on November 22, 2021, at 8:30 a.m. EST. The call will feature key management, including Executive Chairman Michele Ciavarella and CFO Mark Korb, discussing the company's performance, objectives, and answering questions. The event is subject to change, and details can be found on Elys' Investor Relations website. The company operates globally, focusing on B2B gaming technology and B2C gaming operations, particularly in Italy and the U.S.
Elys Game Technology, Corp. (NASDAQ:ELYS) reported strong results from its sportsbook operations at Grand Central Restaurant and Bar in Washington, D.C., achieving a performance hold of approximately 21%, significantly higher than competitors' averages of 4.8% and -2%. The company emphasized its effective U.S. market strategy, which includes a new partnership with Ocean Casino Resort, set to launch in March 2022. Early data reveal that 30% of patrons are engaging with the sportsbook, benefiting small businesses. Elys is expanding its technology into the U.S. and Canada, aiming for rapid adoption.
Elys Game Technology, Corp. (NASDAQ:ELYS) announced that it will report its third-quarter 2021 results on November 22, 2021, at approximately 5:00 p.m. EST. A conference call for investors will follow on the same day at 8:30 a.m. EST, where executives including Michele Ciavarella and Mark Korb will discuss the company's performance and objectives. Call details and supplemental slides will be available on Elys' Investor Relations website and filed with the SEC.
Elys Game Technology, Corp. announces the opening of a sportsbook at the Grand Central Restaurant & Bar in Washington, D.C. on
Elys Game Technology has entered into a Memorandum of Understanding (MOU) with the New York State Restaurant Association to promote sports betting in New York's food and beverage establishments. This partnership aims to develop policies that facilitate sports wagering opportunities and enhance customer engagement in restaurants. Notably, Elys has also acquired the first Class B and Management Service Provider licenses in Washington D.C., with plans to open at Grand Central Restaurant in October 2021, making it the first licensed venue for sports betting in North America.
Elys Game Technology, Corp. (NASDAQ:ELYS) has received a Class B Operator license from the District of Columbia’s Office of Lottery and Gaming for Grand Central Restaurant & Bar in Washington, D.C. This marks the first independently owned sportsbook in the U.S., offering unrestricted betting with an anticipated launch by October 2021. Elys will provide a complete retail betting solution, enhancing customer experience through food, drinks, and sports betting. The initiative may serve as a model for future sportsbooks in independently owned venues, potentially impacting economic growth in local communities.
Elys Game Technology reported significant growth in its financial performance for the six and three months ending June 30, 2021. Key metrics include a year-to-date betting handle of $463.3 million, reflecting a 120.5% increase, and total revenue of $25.8 million, up 72.5% year-over-year. The company continues to face a net loss from operations, amounting to $3.3 million year-to-date, primarily due to investments in technology and infrastructure. Elys anticipates reopening land-based operations in time for the 2021-2022 soccer season, while the acquisition of USBookmaking is expected to enhance its U.S. market presence.
Elys Game Technology, Corp. (Nasdaq:ELYS) will announce its second quarter 2021 results on August 16, 2021, at 5:00 p.m. EST. A conference call for investors is scheduled for August 23, 2021, at 8:30 a.m. EST, featuring Elys' executive team, including Michele Ciavarella and Mark Korb, discussing the company's recent performance and objectives.
Details for the call and supplemental slides will be available on Elys' Investor Relations website and the SEC website.
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