Elys Game Technology Drops Canada Stock Listing

Elys Game Technology (NASDAQ:ELYS), a gaming engineering provider, delisted its Canada-traded shares.

The decision comes nearly a year to the day that the sports betting and interactive gaming engineering troupe proclaimed a itemization on Canada’s NEO Exchange. That exchange, which drives almost 13 percent of annual trading loudness inward Canada, is home to o'er 100 stocks and funds.

The troupe has voluntarily delisted from the NEO at the close-fitting of trading on Wednesday, December 29, 2021, and its shares of vernacular gunstock will preserve to live listed and switch on Nasdaq below the symbolisation ELYS,” according to a statement issued past Elys.

With a market capitalization of just now $71.42 million, Elys is unity of the smaller in public trading companies with sports wagering exposure.

Rough Year for Elys Stock

Like so many sports wagering equities, Elys Game Technology languished through and through a jolty 2021 with the shares sloughing 48.64 percent.

Elys starts 2022 after sliding 11.4 percent in the final calendar week of cobbler's last twelvemonth and 63.41 percent infra its 52-week high. However, thither power live some rays of hope for the downtrodden gaming inventory to starting the unexampled year.

Last year, the companion won a license to consort retail sportsbooks in Washington, DC. The Elys permit in Washington, DC may live the resultant of the company’s acquisition of Bookmakers Company US, which was announced inwards early July. At that time, it was revealed the company, known as US Bookmaking (USB), has a serving arrangement in Washington, DC that goes into core later this year.

Last month, the society said month-over-month bet tickets increased 200 percent in November at its Washington, DC operation. Revenue jumped to $67,000 from $43,000 in October.

International Allure

In later(a) December, Elys announced a young partnership with Playtech, leveraging its Newgioco trademark to get its presence in the Italian iGaming market. That’s relevant because Italia is the Eurozone’s third-largest saving and rest home to a mature, vibrant gaming market.

“With the Playtech compendium of gaming content, Elys’ online and roving cassino at present includes 31 providers that bid customers in Italy up to 1,300 slots as intimately as 100 tables and unrecorded dealer games. This gaming mental object is provided through Newgioco,” according to a statement.

Thanks to the aforementioned USB acquisition, Elys has exposure to quatern US states. The company said it plans “to plant a substantial presence” in both Canada and the US inward the coming months.