Elys Game Technology Corp. (OTC: ELYS) stock continues to trend lower.
The gaming and betting markets have grown at a remarkable rate in recent times, and naturally, investors are looking for options in those spaces. A company that could well be on the radars of investors at this point in time is the interactive gaming and sports betting technology firm Elys Game Technology Corp. (OTC: ELYS).
On November 7, last year, the company hit the newswires after it announced the signing of a market access agreement with Caesars Entertainment. It was a major development since that agreement was going to provide the company with instant access to the high-value Colorado sports betting market. The strategic agreement also marked the entry of Elys Game Technology into the mobile sports betting industry on the North American continent. At the time, the company had only recently launched its ‘5D by Elys’ mobile application under the umbrella of the SportBet.com brand. The app was described as a complete sports betting platform equipped with the latest features, including compatibility across platforms.
The Executive Chairman of Elys Game Technology, Mike Ciavarella, spoke about the latest development at the time as well. He noted that the company was fully engaged in turning the latest investments in infrastructure and technology into revenue-sharing businesses in the United States.
To that end, the company engaged in thorough market analysis prior to its entry into the United States business-to-customer online market. That research had helped Elys Game Technology come up with a strong strategy to enter the market with an advanced product that the company believed would be adopted quickly by sports bettors in North America. He went on to add that everyone at the company was looking forward to the possibility of bringing the unique sports betting experience to consumers in the United States.