Elys Game Technology (NASDAQ:ELYS), a gaming technology provider, delisted its Canada-traded shares.

The decision comes nearly a twelvemonth to the daytime that the sports betting and interactive gaming engineering company announced a itemization on Canada’s NEO Exchange. That exchange, which drives nearly 13 percent of one-year trading intensity in Canada, is home to o'er 100 stocks and funds.

The keep company has voluntarily delisted from the NEO at the close of trading on Wednesday, December 29, 2021, and its shares of mutual gunstock testament go along to live listed and swop on Nasdaq under the symbolisation ELYS,” according to a statement issued past Elys.

With a securities industry capitalization of simply $71.42 million, Elys is one of the smaller publically trading companies with sports wagering exposure.

Rough Year for Elys Stock

Like so many sports wagering equities, Elys Game Technology languished through and through a jolting 2021 with the shares shedding 48.64 percent.

Elys starts 2022 after sliding 11.4 percent inward the net hebdomad of in conclusion year and 63.41 percent below its 52-week high. However, in that respect power be some rays of desire for the downtrodden gaming buy in to scratch the unexampled year.

Last year, the companion won a permission to consort retail sportsbooks inward Washington, DC. The Elys allow in Washington, DC may be the resultant of the company’s acquisition of Bookmakers Company US, which was announced in too soon July. At that time, it was revealed the company, known as US Bookmaking (USB), has a divine service concord inward Washington, DC that goes into set up later this year.

Last month, the company said month-over-month play tickets increased 200 percent inwards November at its Washington, DC operation. Revenue jumped to $67,000 from $43,000 inward October.

International Allure

In late December, Elys announced a unexampled partnership with Playtech, leveraging its Newgioco trademark to farm its front in the Italian iGaming market. That’s relevant because Italy is the Eurozone’s third-largest economic system and place to a mature, vivacious gaming market.

“With the Playtech assemblage of gaming content, Elys’ online and roving cassino now includes 31 providers that offer up customers inward Italian Republic upward to 1,300 slots as swell as 100 tables and unrecorded dealer games. This gaming mental object is provided through Newgioco,” according to a statement.

Thanks to the aforementioned USB acquisition, Elys has exposure to quatern US states. The fellowship said it plans “to launch a substantial presence” in both Canada and the US inwards the coming months.

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