Elys Game Technology is in Canadian Listing for the First Time in History

Elys Game Technology is in Canadian Listing for the First Time in History

2020-12-30 00:00:01

Elys Game Technology (formerly Newgioco Group) has started trading on the NEO Exchange in Canada, becoming the first ever dual-listed public company from the Nasdaq Capital Market  - second by size American stock exchange.

Elys Game Technology is fast growing and technologically advanced Sports Betting and iGaming providers in the regulated markets.

As December 27, 2019, Elys has been listed as Nasdaq for little over a year and is now entering a Canadian stock exchange of over 100 business and ETF lists.

Legalization on the Canadian market of single-event sports betting is a significant force behind the current entry.

Outgoing Elys chairman and CEO Michele Ciavarella said:

"Our listing on the NEO Exchange is an important milestone on many levels for Elys, particularly as we build on our initial go-to-market strategy in the rapidly growing US market and develop our foothold in the Canadian market. Recently proposed legislation in Canada would legalise single-event sports wagering and is expected to increase the CDN$80bn (US$62.57bn) wagered on sports each year in Canada. We believe we are extremely well positioned to capitalise on this growing market and believe this listing will provide us greater exposure among Canadian investors as we work to execute on our strategy throughout North America.”

Elys recently named Matteo Monteverdi as its current CEO, with Ciavarella, the previous CEO and chairman, shifting solely to the position of chair.