02 December 2020 Posted By : Elys Game Technology, Corp.

Elys Game Technology Comments on Canadian Legislation to Legalize Single-Event Sports Wagering in Canada

NEW YORK--()--Elys Game Technology, Corp. (“Elys” or the “Company”) (Nasdaq:ELYS), an interactive gaming and sports betting technology company, today commented on proposed Canadian Federal Government legislation to legalize single-event sports wagering in Canada (Bill C-13 "An Act to amend the Criminal Code (single event sport betting)."

The proposed changes would give provinces and territories the ability to offer single-event sport betting products and the discretion to manage single-event sport betting in their respective jurisdictions. In provinces and territories that choose to offer single-event sport betting, Canadians would have an opportunity to engage in this activity in a regulated environment, either online or in physical facilities.

“We commend Canada’s Minister of Justice and Attorney General for introducing this important legislation in support of single-event sports betting,” stated Michele (Mike) Ciavarella, Chairman and CEO of Elys Game Technology, Corp. “We believe there is strong bi-partisan support for this bill and, if passed, would have a very positive impact for both Elys, given our strong leadership in the space, as well as the overall industry, which has been negatively impacted by the COVID-19 pandemic. We estimate that approximately CDN$80 Billion is wagered on sports each year in Canada. With our established relationship foothold in Canada, sportsbook experience and cutting-edge Elys betting technology, we believe there is a tremendous opportunity to expand our business across the provinces.”

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