Elys Game Technology Bets Big On U.S. Market With Third Location

LAS VEGAS, NV / ACCESSWIRE / November 28, 2023 / Elys Game Technology Corp. (OTC PINK:ELYS) ("Elys") is a growing sports betting and iGaming platform globally in regulated B2B and B2C markets. In particular, the online gaming platform has achieved success in the robust Italian market in part by bringing sports betting to small business venues, and it is now aggressively expanding across North America and setting up new trends in the evolving U.S. sports betting landscape.

Foto: Accesswire

The small business sportsbook model could provide Elys with the leverage to be a significant challenger to more established players like DraftKings, FanDuel, and BetMGM.

Whenever a new company enters a market, it's important for investors to look at its competitive advantages. These advantages are what will attract customers and help the company win market share away from its competitors. In Elys' case, it has two key advantages.

Advantage 1: Small Business Sportsbooks

Elys Game Technology offers a convenient way for small businesses to offer cost-effective sports gambling to their most loyal customers.

This model has already proved successful at Elys' first U.S. location - Grand Central Sportsbook in Washington D.C. The company reports that the location has been a significant revenue driver for the company, averaging $67,500 per month in Gross Gaming Revenue (GGR) for the operator, which is approximately 700% above initial expectations. Its success has also encouraged Elys to open two more locations in D.C.

While major companies like DraftKings and FanDuel are spending hundreds of millions to dominate the national conversion, Elys is winning customer loyalty by going local.

Advantage 2: The "Best Odds" Model

Elys Game Technology has also won favor among bettors due to its unique "best odds" approach. The "best odds" model is an odds-making strategy aimed at attracting and retaining clients by providing the most competitive odds on various sporting events. This approach prioritizes long-term customer loyalty over short-term market share growth. It's another example of how Elys is going against the grain of the industry.

Most major players in the industry have won market share by spending millions on marketing campaigns and offering steep customer promotions. But, while promos might drive short-term signups, they do not always lead to long-term customer loyalty.

If Elys Game Technology's "best odds" model proves to offer a better customer experience, then it could help the company dethrone larger competitors as America's preferred sports betting platform.