Elys Game Technology commences trading on the NEO Exchange, the first dual-listing from the NASDAQ Capital Market

Elys Game Technology, Corp. (NASDAQ:ELYS) (NEO:ELYS) announced on Wednesday that it has commenced trading on the NEO Exchange under the symbol 'ELYS.' The interactive gaming and sports betting technology company, which has been listed on the NASDAQ Capital Market since December 27, 2019, also trading under the same symbol, said today’s launch marks the first dual-listing of a publicly-traded technology company from the NASDAQ Capital Market to the NEO Exchange. “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 U.S. market and develop our foothold in the Canadian market,” said Elys' chairman and CEO, Michele Ciavarella in a statement. READ: Elys Game Technology sees 3Q revenue soar 44% as web gaming turnover growth climbs “Recently proposed legislation in Canada would legalize single-event sports wagering, and is expected to increase the CDN$80 billion wagered on sports each year in Canada. We believe we are extremely well-positioned to capitalize 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,” Ciavarella added. With a market capitalization of approximately $109.6 million, Elys recently reported third-quarter financial results, ended September 30, 2020, showing a 43.6% year-over-year revenue jump on the back of steady growth in its web-based gaming turnover. The company also surpassed its goal of achieving 100,000 online gaming accounts before the close of 2020, indicating strong performance in their online and mobile channels. The NEO Exchange is home to over 100 corporate and ETF listings,and consistently facilitates more than 13% of all Canadian capital markets trading volume. Investors in Canada can trade shares of NEO:ELYS through their usual investment channels, including discount brokerage platforms and full-service dealers. Elys Game Technology is a B2B global gaming technology company operating in multiple countries worldwide, with B2C online and land-based gaming operations in Italy. In Italy, the group offers clients a full suite of leisure gaming products and services, such as sports betting, e-sports, virtual sports, online casino, poker, bingo, interactive games, and slots. The company’s innovative wagering solution services online operators, casinos, retail betting establishments, and franchise distribution networks. Elys has completed the product regulatory requirements to commence B2B operations in the United States.  Contact the author at jon.hopkins@proactiveinvestors.com