November bet tickets and betting management increased by over 200% and 139%, respectively, reflecting the success of Elys’ betting technology platform in the United States.
Company expects continued sequential growth across all measures in December
NEW YORK, NY / ACCESSWIRE / December 16, 2021 / Elys Game Technology, Corp. (“Elys” or the “Company”) (NASDAQ: ELYS) (NEO: ELYS) (BER: 3UW), an interactive gaming and sports betting technology company, is pleased to provide US sports betting statistics for November today and provide an update on the launch of its small business app.
Since launching its North American betting platform in October, sequential metrics in November and trends so far in December have shown significant period-over-period growth. Looking ahead to the new year, the company plans to further accelerate its growth by expanding its betting technology beyond small businesses, to the Ocean Resort Casino in Atlantic City, which is expected to begin in March 2022. This growth demonstrates the Elys’ versatility in being able to service the full range of physical locations, from restaurants and bars to large resort casinos.
“2022 promises to be a major inflection point as the Company plans to accelerate the deployment of a solid client portfolio in Canada and the United States. The Company’s North American go-to-market strategy has worked exceptionally well since inception. of its new betting platform against the United States in October, ”said Michele Ciavarella, Executive Chairman of Elys. “The performance of the company’s small business strategy far exceeded our initial expectations. The significant month-over-month growth of all metrics, in just our second live month, and with little to no local marketing, is a first validation of our unique go-to-market model and the effective combination of our advanced technology combined with the competence of USBookmaking. other targeted locations that we have in our pipeline. This potential increase in ROI leads us to believe that regulations may continue to favor small business facilities, allowing our technology to be used in more states and locations across the United States.
Table 1: Results for October and November
Gross gaming revenue
Month-over-month October through November betting tickets increased more than 200%, from 2,508 to 7,951 in the company’s second month of operations in the United States. partnership, the Grand Central Restaurant, Bar and Sportsbook in Washington, DC While Elys strategically used this time to test its new platform and technology in the United States, this growth has occurred with little to no reach in the market, demonstrating strong demand from organic consumers and the loyalty of loyal customers visiting the restaurant.
Beyond the notable increase in bets placed, the Elys platform also encourages customers to visit bars and restaurants that offer the Company’s betting platform. Brian Vasile, Owner of Grand Central Restaurant, commented, “We are very pleased with our full service partnership with Elys so far. , MMA and football matches. With Elys managing daily sports betting offerings and business services, Grand Central can focus on its core restaurant business. “
Mr. Vasile continued, “Not only have we seen sports betting generate its own source of income, but it has helped increase food and beverage sales and is having a positive effect on our sports betting servers and employees. . As we venture into the winter off season, we are pleased to have the additional income from our partnership with Elys. “
The company expects this performance to continue through December as Elys sees a steady increase in the number of punters traveling to Grand Central to gamble and stay for food and drink while watching games and events. . The Company also expects this trend to continue with increased marketing and promotions, as well as additional terminals, and potential expansion of additional floor space in the near future. The outstanding results of the Elys platform within a single small company represent the enormous potential for scalability in the United States and Canada.
About Elys Game Technology, Corp.
Elys Game Technology, Corp., is a global B2B game technology company operating in multiple countries around the world, with B2C online and land-based gaming operations in Italy. Elys offers its customers a full range of leisure gaming products and services, such as sports betting, electronic sports, virtual sports, online casino, poker, bingo, interactive games and slots in Italy and operates through its wholly-owned subsidiary in the United States. Bookmaking brand in four states of the US market.
The Company’s innovative betting solution, services to online operators, casinos, retail betting establishments and franchise distribution networks. Additional information is available on our corporate website at www.elysgame.com.
Investors can also find us on Twitter @ELYS_gaming.
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “may”, “believe”, “anticipate”, “” have l ‘intention to’, ‘estimate’, ‘expect’, ‘may’, ‘continue’, ‘anticipate’, ‘potential’, ‘plan’ and similar expressions which are intended to identify forward-looking statements and include statements regarding sequential growth continuing through all measures in December, accelerating growth, extending the Company’s technology beyond small businesses, implementing the technology at the Ocean Resort Casino in Atlantic City in March 2022, stepping up the deploying a pipeline of customers in Canada and the United States, achieving higher return on investment, regulations continue to lean towards small business facilities, the The steady rise continues among punters who travel to Grand Central to gamble and stay for food and drink while watching the games a nd events and potential for scalability across the United States and Canada. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict and which could cause results to be achieved. actuals differ materially from current expectations and assumptions from those stated or implied by forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the ability of the Company to generate sequential growth for all measures in December, the ability of the Company to expand its technology beyond beyond small businesses and to implement it as planned, the Company’s ability to achieve greater ROI, the Company’s ability to leverage the exceptional results of the Elys platform within the location of Grand Central to provide scalability in the United States and Canada, the company’s ability to deliver sports betting through its betting platform to large and small casinos and independent businesses in the United States and Canada as planned , the duration and extent of the COVID-19 epidemic around the world, including the impact on national and local economies, and the risk factors described in the report t the company’s annual report on Form 10-K for the fiscal year ended December 31, 2020 and its subsequent filings with the United States Securities and Exchange Commission, including subsequent periods dic reports on Form 10- Q and current reports on Form 8-K. The information in this press release is provided only as of the date of this press release, and the Company assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unforeseen events, except as required by law.
Company details :
Elys Game Technology, Corp.
Michele Ciavarella, Executive Chairman
Phone. : 1-628-258-5148
Email: [email protected]
KCSA strategic communication
Valter Pinto or Jack Perkins
Phone. : 1-212-896-1254
Email: [email protected]
THE SOURCE: Elys Game Technology, Corp.
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