Sports betting

Expansion costs hit Elys Game Technology during Q3

Italy-based supplier looking to the future with US and Canadian expansion following PASPA repeal

Igaming platform provider Elys Game Technology is down 19% on the NASDAQ after announcing that its Q3 net revenue had reduced by 17.2% year on year (YoY) despite record takings. Italy-based Elys attributed the downturn to its $12m(£8.9m) acquisition of USBookmaking (USB) and the fact that Covid-19-related restrictions had hampered its land-based operations. Expenses attributed…

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