“Our listing on the NEO Trade is an vital milestone on many levels for Elys, especially as we establish on our initial go-to-market place tactic in the swiftly growing U.S. marketplace and create our foothold in the Canadian current market,” claimed Elys’ chairman and CEO, Michele Ciavarella
, Corp. () (NEO:ELYS) announced on Wednesday that it has commenced investing on the NEO Exchange underneath the symbol ‘ELYS.’
The interactive gaming and athletics betting engineering enterprise, which has been stated on the NASDAQ Capital Sector because December 27, 2019, also investing under the exact image, said today’s launch marks the initially dual-listing of a publicly-traded technological innovation business from the NASDAQ Money Industry to the NEO Exchange.
“Our listing on the NEO Trade is an important milestone on many ranges for Elys, specifically as we establish on our original go-to-marketplace approach in the rapidly escalating U.S. marketplace and develop our foothold in the Canadian market place,” mentioned Elys’ chairman and CEO, Michele Ciavarella in a statement.
Browse: Elys Recreation Technological know-how sees 3Q income soar 44% as website gaming turnover expansion climbs
“Recently proposed legislation in Canada would legalize single-occasion sports wagering, and is envisioned to maximize the CDN$80 billion wagered on sporting activities every 12 months in Canada. We think we are exceptionally effectively-positioned to capitalize on this increasing sector and feel this listing will present us increased publicity between Canadian traders as we function to execute on our approach throughout North America,” Ciavarella included.
With a current market capitalization of close to $109.6 million, Elys a short while ago reported 3rd-quarter fiscal final results, ended September 30, 2020, demonstrating a 43.6% calendar year-around-year profits jump on the again of steady expansion in its net-centered gaming turnover. The company also surpassed its target of accomplishing 100,000 on the internet gaming accounts in advance of the shut of 2020, indicating sturdy functionality in their on the web and mobile channels.
The NEO Trade is property to over 100 corporate and ETF listings,and continuously facilitates much more than 13% of all Canadian cash marketplaces buying and selling quantity. Investors in Canada can trade shares of NEO:ELYS by means of their typical financial commitment channels, like low cost brokerage platforms and whole-support sellers.
Elys Recreation Technology is a B2B worldwide gaming engineering corporation working in a number of nations throughout the world, with B2C on-line and land-primarily based gaming operations in Italy. In Italy, the team delivers shoppers a full suite of leisure gaming products and solutions, this sort of as sporting activities betting, e-sporting activities, digital sports activities, on the net casino, poker, bingo, interactive video games, and slots.
The company’s revolutionary wagering answer solutions on the internet operators, casinos, retail betting institutions, and franchise distribution networks. Elys has accomplished the item regulatory needs to commence B2B functions in the United States.
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