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Elys Game Technology, Corp. (Nasdaq: ELYS) reported Q3 2021 results with a betting handle of $163.7 million, bringing year-to-date gross gaming revenue to $42.6 million. Key achievements include a 77% year-to-date increase in betting handle to $626.9 million and a 37.3% rise in total revenue to $33.9 million. However, the company faced a net loss from operations of $6.4 million, reflecting a significant increase of 371.1%. The company expanded its U.S. operations, closing the acquisition of Bookmakers Company US LLC and receiving its first U.S. license.
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.
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Elys Game Technology, Corp. announces the opening of a sportsbook at the Grand Central Restaurant & Bar in Washington, D.C. on October 4, 2021. This milestone follows the granting of a Class B Operator license by the District of Columbia’s Office of Lottery and Gaming. The venue aims to serve as a model for the integration of sports betting operations in small businesses across North America. Elys anticipates this will showcase its technology and potentially drive economic development in the region.
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.