Elys Adds Third Sportsbook Location In Washington, D.C.
Portfolio Pulse from Benzinga Newsdesk
Elys Game Technology, Corp. (NASDAQ:ELYS) announced the expansion of its footprint in Washington, D.C. with the addition of a third sportsbook location, Grand Central Sportsbook on H Street. The new location builds on the success of both the Grand Central Restaurant and Sportsbook and the Cloakroom Gentlemen's Club Over Under Sportsbook Lounge. The company is actively seeking opportunities for program expansion and is positioned to capitalize on the burgeoning market as more states embrace the small business sportsbook concept.
October 10, 2023 | 12:07 pm
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POSITIVE IMPACT
Elys Game Technology's expansion in Washington, D.C. with a third sportsbook location indicates the company's growth strategy and its readiness to capitalize on the growing sports betting market.
The news of Elys Game Technology's expansion in Washington, D.C. with a third sportsbook location is directly related to the company's growth strategy. This expansion indicates the company's readiness to capitalize on the growing sports betting market, which could potentially increase its revenues and profitability in the future. Therefore, this news is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100