Stocks

Elys Game Technology Expands in the U.S. with Eye on Market Share

Published November 28, 2023

Elys Game Technology Corp. ELYS, a prominent player in the global sports betting and iGaming industry, continues to exhibit growth in both B2B and B2C sectors within regulated markets. Their strategic expansion in the United States marks the company's commitment to capture a significant portion of the burgeoning market for sports betting and iGaming services. Elys has recently added its third location in the U.S., indicating the company's aggressive plans to leverage the growing appetite for sports betting across the country.

DraftKings - A Competitor in the Same Arena

DKNG, otherwise known as DraftKings Inc., operates as a digital sports entertainment and gaming company based out of Boston, Massachusetts. They are a key competitor within the U.S. market, offering a range of services similar to those provided by Elys Game Technology. The presence of such competitors underscores the competitive nature of the market and potential for growth that Elys is aiming to tap into.

The Future of Elys Game Technology in the U.S.

Elys Game Technology is not merely consolidating its position, but actively working towards enlarging its market share. With a clear focus on strategic locations and partnerships, Elys is well positioned to play a significant role in the U.S. sports betting and iGaming ecosystem. The expansion strategy may include securing more locations, enhancing technology offerings, and possibly collaborating with local or national players to fully capitalize on the market opportunities.

ElysGameTechnology, USMarket, Expansion