Elys BMG Group Inc (PK:ELYS)
Business Focus: Casinos & Gaming
| Sector: Consumer Cyclicals | Industry: Casinos & Gaming |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 130 Adelaide Street West, Suite 701 TORONTO ON M5H 2K4 |
| Tel: | 1-949-5743860 |
| Website: | https://elysgame.com |
| IR: | See website |
| Key People | ||
| Michele Ciavarella Executive Chairman of the Board, Interim President, Chief Executive Officer | Carlo Reali Interim Chief Financial Officer, Principal Accounting Officer | |
| Business Overview |
| Elys BMG Group, Inc. is a global gaming technology company. The Company offers betting platform, which is capable of processing any type of digital game content. The Company offers its clients a full suite of omnichannel leisure gaming products and services, such as online sports betting, e-sports, virtual sports, online casino, poker, bingo, interactive games, and online slots on a business-to-business (B2B) basis in Italy and has B2B operations in three states as well as the District of Columbia in the United States market. The Company provides sports betting software, online casino software, services for commercial and tribal casinos, retail betting establishments, and franchise distribution networks. It offers fully integrated end-to-end sportsbook solution for both B2B and business-to-consumer (B2C) leisure gaming operators. It also offers virtual betting experiences that creates and manages multiple level commercial networks from one dashboard. |
| Financial Overview |
| For the nine months ended 30 September 2023, Elys BMG Group Inc revenues remained flat at $32.2M. Net loss before extraordinary items decreased 11% to $9.1M. Revenues reflect market conditions. Lower net loss reflects General and administrative expenses decrease of 12% to $13.7M (expense), Other Non Operatin decrease from $1.4M (expense) to $0K, Restructuring and severance expenses decrease from $1.2M (expense) to $0K. |
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