Elys Video game Modern technology(formerly Newgioco Team )has actually commenced trading on the NEO Exchange in Canada, coming to be the first ever public company to be dual-listed from the Nasdaq Funding Market to the exchange.Elys has actually been Nasdaq-listed for simply over a year, because 27 December 2019, as well as now joins a Canadian stock exchange that is home to over 100 company and ETF listings.
The legalisation of single-event sporting activities betting in the Canadain market is a major element behind the new listing.
Outward bound Elys chairman and CEO Michele Ciavarella claimed: “Our listing on the NEO Exchange is a vital turning point on lots of degrees for Elys, specifically as we build on our preliminary go-to-market approach in the rapidly expanding US market as well as establish our foothold in the Canadian market.
“Lately recommended regulations in Canada would certainly legalise single-event sporting activities betting as well as is expected to increase the CDN$ 80bn (US$ 62.57 bn) bet on sports yearly in Canada.
“We believe we are extremely well placed to capitalise on this growing market and believe this listing will supply us greater direct exposure amongst Canadian capitalists as we function to perform on our strategy throughout The United States and Canada.”
Elys recently appointed Matteo Monteverdi as its new Chief Executive Officer, with former Chief Executive Officer as well as chairman Ciavarella relocating only to the chairman role.
Monteverdi spoke specifically to Betting Insider upon taking the setting, detailing his passions for the online video gaming and sports wagering firm.