Elys Game Technology, Corp. (ELYS): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el mundo dinámico de los juegos digitales y las apuestas deportivas, Elys Game Technology, Corp. (ELYS) surge como una fuerza transformadora, combinando la innovación tecnológica de vanguardia con el posicionamiento estratégico del mercado. Este lienzo de modelo de negocio integral revela un enfoque sofisticado para el juego en línea, que muestra cómo la compañía aprovecha el software propietario, las capacidades multi-jurisdiccionales y las plataformas digitales avanzadas para redefinir el ecosistema de los juegos. Desde asociaciones estratégicas hasta diversas flujos de ingresos, Elys Game Technology demuestra una comprensión matizada del complejo panorama de juegos digitales en rápida evolución, ofreciendo a los inversores y entusiastas de los juegos una visión intrigante del futuro del entretenimiento interactivo.

Elys Game Technology, Corp. (ELYS) - Modelo de negocios: asociaciones clave

Asociaciones estratégicas con plataformas de juegos en línea

Elys Game Technology ha establecido asociaciones con múltiples plataformas de juego en línea, que incluyen:

Plataforma	Detalles de la asociación	Alcance del mercado
Newgioco	Plataforma de juego en línea patentada	Mercado italiano
Apuesta global	Integración de apuestas deportivas virtuales	Múltiples mercados internacionales

Colaboración con operadores de apuestas deportivas

Las asociaciones clave del operador de apuestas deportivas incluyen:

• Bet.Works (mercado estadounidense)
• Grupo de juegos NYX
• Corporación de juegos científicos

Proveedores de tecnología para infraestructura de juegos

Asociaciones de infraestructura tecnológica:

Proveedor de tecnología	Tecnología específica	Implementación
Microsoft Azure	Infraestructura de computación en la nube	Alojamiento del sistema de back -end
Servicios web de Amazon	Servicios en la nube	Gestión de datos y seguridad

Procesamiento de pagos y socios de servicio financiero

Ecosistema de asociación financiera:

• Paypal
• Raya
• Visa
• Tarjeta MasterCard

Entidades regulatorias de cumplimiento y licencia

Asociaciones y licencias regulatorias:

Jurisdicción	Cuerpo regulador	Tipo de licencia
Italia	ADM (Agenzia Dogane e Monopoli)	Licencia de juego en línea
Estados Unidos	Comisiones de juego estatales	Licencias de apuestas específicas del estado

ELYS Game Technology, Corp. (ELYS) - Modelo de negocio: actividades clave

Desarrollo de software de apuestas deportivas y juegos de azar en línea

Elys Game Technology se centra en la creación de plataformas de software patentadas para el juego en línea y las apuestas deportivas. A partir del cuarto trimestre de 2023, la compañía invirtió $ 2.3 millones en investigación y desarrollo de software.

Métricas de desarrollo de software	2023 datos
Inversión de I + D	$ 2.3 millones
Tamaño del equipo de desarrollo de software	42 ingenieros
Ciclos de actualización de software anual	3-4 actualizaciones

Gestión de plataformas de juegos digitales

La compañía administra múltiples plataformas de juegos digitales en diferentes jurisdicciones.

• Plataformas de juego activas: 5 plataformas principales
• Cobertura geográfica: Estados Unidos, Italia, Canadá
• Usuarios activos diarios: aproximadamente 75,000

Estrategias de adquisición y retención de clientes

Elys Game Technology emplea técnicas específicas de marketing y retención.

Métricas de clientes	2023 rendimiento
Nuevo costo de adquisición de clientes	$ 87 por usuario
Tasa de retención de clientes	62%
Gasto de marketing	$ 1.7 millones anuales

Innovación tecnológica y mantenimiento de la plataforma

Las actualizaciones tecnológicas continuas son críticas para el posicionamiento competitivo de la compañía.

• Presupuesto anual de innovación tecnológica: $ 3.1 millones
• Inversión de ciberseguridad: $ 750,000 por año
• Tiempo de actividad de la plataforma: 99.7%

Monitoreo de cumplimiento regulatorio

Adherencia estricta a los requisitos regulatorios en diferentes jurisdicciones.

Métricas de cumplimiento	2023 datos
Tamaño del equipo de cumplimiento	18 profesionales
Jurisdicciones regulatorias cubiertas	7 mercados diferentes
Gasto de monitoreo de cumplimiento	$ 1.2 millones anualmente

ELYS Game Technology, Corp. (ELYS) - Modelo de negocio: recursos clave

Tecnología y software de juego patentado

Elys Game Technology posee una plataforma integral de software de apuestas deportivas e igaming que cubre múltiples jurisdicciones. A partir del cuarto trimestre de 2023, la tecnología patentada de la compañía admite:

• Múltiples verticales de apuestas que incluyen deportes, casino y deportes virtuales
• Algoritmos de cálculo de probabilidades en tiempo real
• Sistemas avanzados de gestión de riesgos

Componente tecnológico	Especificación
Versión de plataforma de software	3.7
Regiones de implementación tecnológica	Estados Unidos, Italia, Canadá
Inversión anual de I + D	$ 2.1 millones (2023)

Infraestructura de plataforma digital

La compañía mantiene una infraestructura digital robusta con:

• Arquitectura del servidor basada en la nube
• Garantía de tiempo de actividad del 99.9%
• Capacidades de cumplimiento de la jurisdicción

Equipo de desarrollo técnico

Composición del equipo	Número
Personal técnico total	47
Ingenieros de software	28
Científicos de datos	9
Especialistas de DevOps	10

Licencias de juego y aprobaciones regulatorias

La tecnología de juego Elys tiene certificaciones regulatorias críticas:

• Licencia de juego italiana
• Certificación de juegos en línea de Nueva Jersey
• Aprobaciones de juegos provinciales canadienses

Capital financiero para la expansión e innovación

Métrica financiera	Cantidad
Equivalentes de efectivo y efectivo (cuarto trimestre de 2023)	$ 3.2 millones
Activos totales	$ 22.6 millones
Presupuesto anual de innovación	$ 1.5 millones

ELYS Game Technology, Corp. (ELYS) - Modelo de negocio: propuestas de valor

Soluciones integrales de apuestas de juegos y deportes en línea

Elys Game Technology proporciona soluciones de juegos multicanal con el siguiente alcance de la plataforma:

Tipo de plataforma	Cobertura	Penetración del mercado
Apuestas deportivas en línea	América del Norte, Italia	3 jurisdicciones reguladas
Deportes virtuales	Mercados internacionales	5 regiones de juego activas

Plataformas de juegos tecnológicos avanzados

Detalles de la infraestructura tecnológica:

• Tecnología de cálculo de probabilidades en tiempo real
• Algoritmos de gestión de riesgos propietarios
• Infraestructura de juegos basada en la nube

Capacidades de juego multi-jurisdiccional

Cumplimiento regulatorio y presencia del mercado:

Jurisdicción	Estado de licencia	Operativo desde
Nueva Jersey	Totalmente con licencia	2022
Italia	Operador establecido	2014

Experiencias de apuestas fáciles de usar y fáciles de usar

Métricas de seguridad y experiencia del usuario:

• 99.8% de seguridad de transacciones
• Protocolos de autenticación multifactor
• Normas de cifrado SSL

Diversas opciones de juegos y apuestas

Desglose de la cartera de juegos:

Categoría de apuestas	Número de mercados	Ofertas activas diarias
Apuestas deportivas	Más de 30 deportes	Más de 10,000 eventos diarios
Deportes virtuales	15 deportes virtuales	Simulaciones continuas

ELYS Game Technology, Corp. (ELYS) - Modelo de negocios: relaciones con los clientes

Canales de atención al cliente digital

A partir del cuarto trimestre de 2023, Elys Game Technology proporciona atención al cliente a través de múltiples plataformas digitales:

Canal de soporte	Disponibilidad	Tiempo de respuesta
Chat en vivo	24/7	Menos de 5 minutos
Soporte por correo electrónico	24/7	Dentro de las 24 horas
Soporte de aplicaciones móviles	24/7	Mensajería instantánea

Experiencia de usuario personalizada

La tecnología de juego Elys implementa estrategias de personalización con las siguientes métricas:

• Precisión de seguimiento de datos del usuario: 92.5%
• Tasa de conversión de recomendación personalizada: 18.3%
• Matriota de preferencia de juego personalizada: 85% de precisión

Programas de lealtad y recompensas

Métricas de retención de clientes para 2023:

Métrico de programa	Valor
Miembros del programa de fidelización total	143,672
Puntos promedio ganados por usuario	1.247 puntos
Tasa de retención del programa de fidelización	67.4%

Interacción en tiempo real a través de plataformas móviles

Estadísticas de participación de la plataforma móvil:

• Descarga de la aplicación móvil Recuento: 276,543
• Usuarios móviles activos diarios: 84,211
• Duración promedio de la sesión: 37 minutos

Compromiso tecnológico continuo

Métricas de interacción tecnológica:

Parámetro de compromiso	2023 datos
Frecuencia de actualización de la plataforma	Trimestral
Tasa de mejora de características	3-4 nuevas funciones por actualización
Integración de comentarios de los usuarios	87% de las mejoras sugeridas implementadas

Elys Game Technology, Corp. (ELYS) - Modelo de negocios: canales

Plataformas web en línea

Elys Game Technology opera múltiples plataformas web en línea con las siguientes características:

Tipo de plataforma	Usuarios activos	Tráfico mensual
Plataforma de apuestas deportivas	87,500 usuarios registrados	1.2 millones de visitas mensuales
plataforma de igaming	62,300 usuarios registrados	850,000 visitas mensuales

Aplicaciones móviles

Los canales de distribución de aplicaciones móviles incluyen:

• Disponibilidad de iOS App Store
• Implementación de Google Play Store
• Opciones de descarga directa de APK

Plataforma móvil	Descargas de aplicaciones	Usuarios activos mensuales
plataforma iOS	45,200 descargas	32,500 mau
Plataforma de Android	53,700 descargas	41,300 mau

Marketing en redes sociales

Métricas de compromiso de los canales de redes sociales:

Plataforma	Seguidores	Tasa de compromiso
Facebook	18,700 seguidores	3.2%
Gorjeo	12,500 seguidores	2.7%
LinkedIn	8.900 seguidores	1.9%

Redes de marketing de afiliación

Datos de rendimiento de marketing de afiliación:

Tipo de red	Afiliados activos	Ingresos generados
Afiliados de apuestas deportivas	215 socios	$ 1.4 millones trimestrales
Afiliados de Igaming	167 socios	$ 980,000 trimestralmente

Campañas directas de marketing digital

Rendimiento de la campaña de marketing digital:

Tipo de campaña	Tasa de conversión	Costo de adquisición de clientes
Marketing por correo electrónico	4.3%	$ 22 por cliente adquirido
Anuncios en línea dirigidos	3.7%	$ 28 por cliente adquirido

Elys Game Technology, Corp. (ELYS) - Modelo de negocios: segmentos de clientes

Entusiastas de las apuestas deportivas en línea

Desglose demográfico para clientes de apuestas deportivas en línea:

Rango de edad	Porcentaje	Tamaño de apuesta promedio
21-34 años	42%	$75
35-49 años	33%	$125
50-64 años	25%	$50

Jugadores de juegos de casino digital

Características clave del jugador:

• Reproductores mensuales de casino digital activo: 125,000
• Gasto mensual promedio por jugador: $ 185
• Categorías de juego primario:
  • Ranuras: 45%
  • Poker: 25%
  • Blackjack: 20%
  • Ruleta: 10%

Mercados de juegos internacionales

Mercado	Penetración del mercado	Ingresos anuales
Italia	65%	$ 18.3 millones
América del norte	22%	$ 7.6 millones
Otros mercados europeos	13%	$ 4.2 millones

Jugadores expertos en tecnología

Estadísticas de uso de la plataforma:

• Usuarios de plataforma móvil: 78%
• Usuarios de la plataforma de escritorio: 22%
• Duración promedio de la sesión: 47 minutos
• Tasa de participación multiplataforma: 65%

Demográfico legal apropiado para la edad

Grupo de edad	Participación legal del juego	Cumplimiento regulatorio
21-25 años	32%	Verificación de identificación estricta
26-35 años	45%	Autenticación multifactor
36-50 años	23%	Opciones de autoexclusión

ELYS Game Technology, Corp. (ELYS) - Modelo de negocio: Estructura de costos

Desarrollo y mantenimiento de la tecnología

Según los informes financieros de 2023 de Elys Game Technology, los costos de desarrollo de tecnología fueron de $ 4.2 millones para el año fiscal. Los gastos anuales de ingeniería y mantenimiento de software totalizaron aproximadamente $ 3.7 millones.

Categoría de costos	Gasto anual
Ingeniería de software	$ 3.7 millones
Desarrollo tecnológico	$ 4.2 millones

Gastos de licencia de software

Los costos de licencia de software para la tecnología de juegos de Elys en 2023 fueron de $ 1.5 millones, que cubren plataformas de juegos de terceros e integraciones tecnológicas.

Costos de marketing y adquisición de clientes

Los gastos de marketing para la empresa en 2023 alcanzaron los $ 2.8 millones, con los costos de adquisición de clientes con un promedio de $ 125 por nuevo usuario.

• Presupuesto total de marketing: $ 2.8 millones
• Costo de adquisición de clientes: $ 125 por usuario
• Asignación de marketing digital: 65% del presupuesto de marketing

Inversiones de cumplimiento regulatorio

Los gastos de cumplimiento regulatorio para la tecnología del juego ELYS en 2023 fueron de $ 1.9 millones, cubriendo consultas legales, tarifas de licencia e infraestructura de cumplimiento.

Categoría de gastos de cumplimiento	Costo anual
Consultas legales	$650,000
Tarifas de licencia	$850,000
Infraestructura de cumplimiento	$400,000

Costos operativos de infraestructura y plataforma

Los gastos operativos de la plataforma para la tecnología de juegos ELYS en 2023 totalizaron $ 3.3 millones, incluido el mantenimiento del servidor, el alojamiento en la nube e infraestructura de red.

• Mantenimiento del servidor: $ 1.2 millones
• Alojamiento de la nube: $ 1.5 millones
• Infraestructura de red: $ 600,000

Elys Game Technology, Corp. (ELYS) - Modelo de negocios: flujos de ingresos

Comisión de apuestas deportivas

Para el año fiscal 2023, Elys Game Technology informó ingresos por la Comisión de Apuestas Deportivas de $ 14.3 millones, que representa un componente clave de su estrategia de generación de ingresos.

Mercado	Ingresos de la comisión de apuestas deportivas	Año
América del norte	$ 8.7 millones	2023
Mercados internacionales	$ 5.6 millones	2023

Ingresos del juego de casino en línea

Los ingresos por juegos de casino en línea para la tecnología de juegos Elys alcanzaron $ 6.2 millones en 2023, con una creciente cartera de juegos digitales.

• Tipos de juegos de casino: tragamonedas, juegos de mesa, distribuidor en vivo
• Ingresos promedio por usuario (ARPU): $ 42.50
• Total de usuarios activos de casino en línea: 145,000

Tarifas de transacción de plataforma

Las tarifas de transacción de la plataforma generaron $ 3.9 millones en ingresos para la compañía en 2023.

Tipo de transacción	Porcentaje de tarifas	Ingresos totales
Transacciones de apuestas deportivas	4.5%	$ 2.3 millones
Transacciones de juego de casino	5.2%	$ 1.6 millones

Licencias de software de juego digital

Los ingresos por licencias de software de juegos digitales totalizaron $ 4.5 millones en 2023.

• Número de plataformas con licencia: 12
• Tarifa promedio de licencias: $ 375,000 por plataforma
• Mercados de licencias: Estados Unidos, Canadá, Italia

Ingresos de expansión del mercado internacional

Los ingresos de expansión del mercado internacional alcanzaron los $ 5.7 millones en 2023.

Región	Ganancia	Índice de crecimiento
Europa	$ 3.2 millones	18.5%
América Latina	$ 1.5 millones	22.3%
Asia-Pacífico	$ 1.0 millones	15.7%

Elys Game Technology, Corp. (ELYS) - Canvas Business Model: Value Propositions

You're looking at the core reasons why operators and bettors choose Elys Game Technology, Corp. (ELYS) over the competition. It's not just about the software; it's about the specific, measurable advantages they deliver across their different customer segments.

For B2B: A Comprehensive, Omnichannel, End-to-End Betting Platform

Elys Game Technology, Corp. offers a fully integrated, end-to-end sportsbook solution designed to serve both B2B and B2C leisure gaming operators. This platform is engineered to handle both online and land-based (retail) wagering seamlessly, providing a true omnichannel experience that is essential in today's regulated markets. The platform supports operations across 3 total gaming markets, including North America and Italy. The technology component is robust, boasting a proprietary betting engine with a reported 99.9% uptime reliability. Also, the platform manages 4 primary gaming product verticals. The online platform specifically handles an estimated $620 million in transaction volume annually. This technology is built by bookmakers for bookmakers, meaning it includes features like odds customization and performance analysis for the operator. The company's technology group manages software development from its base in Innsbruck, Austria.

For Small Businesses: Cost-Effective, Turnkey Sportsbook Solution with a Small Footprint

The small business model is a key differentiator, offering a low-cost, high-value sportsbook solution to local establishments, which helps bypass the massive advertising spend national competitors rely on. This approach focuses on building local customer loyalty. The model proved successful in Washington D.C., where the first U.S. location, Grand Central Sportsbook, averaged $67,500 per month in Gross Gaming Revenue (GGR). Honestly, that figure was approximately 700% above initial expectations for that location. The solution is designed to expand easily and affordably, and its small footprint makes physical setup straightforward for partners. The company is focused on replicating this success across additional retail locations.

For Bettors: The 'Best Odds' Model, Prioritizing Long-Term Customer Loyalty

Elys Game Technology, Corp. has won favor among bettors by employing a proprietary odds-making strategy aimed at providing the most competitive odds on various sporting events. This 'best odds' approach prioritizes long-term customer retention and loyalty over aggressive short-term market share grabs, which is a smart, sustainable play. The platform's reported Customer Retention Rate stands at 68%. This focus on value helps drive engagement, which is reflected in the platform's ability to convert betting handle to Gross Gaming Revenue (GGR). For example, in Italy in 2021, the betting handle conversion to GGR reached $14.9 million for the second quarter period. The current stock price as of December 4, 2025, is $0.0005 per share, with a 52-week range between $0.000001 and $0.500.

Full Suite of Leisure Gaming

Elys Game Technology, Corp. provides clients with the flexibility to choose a comprehensive offering, acting as a one-stop-shop for sports betting and digital gaming. The full suite of leisure gaming products available through their platform includes:

• Sports Betting
• Virtual Sports
• Online Casino (slots and table games)
• Poker
• Bingo
• E-sports (mentioned in some contexts)

In their established European operations, such as Italy, the offering is extensive, covering sports betting, e-sports, virtual sports, online casino, poker, bingo, interactive games, and slots. The last reported trailing 12-month revenue, as of September 30, 2023, was $42.7 million.

Data-Driven Risk Management and Adaptive Business Intelligence for Operators

The difference-maker for operators using the Elys BMG platform is its advanced management technology. This includes data-driven Sportsbook Risk Management Services and Adaptive Business Intelligence dashboards, which are designed to enable customers to achieve the absolute best business performance from their betting operations. The system implements artificial intelligence learning bots, adaptive business intelligence, and big data analytics to optimize the user experience and operator control. This aligns with the 2025 trend where big data and advanced analytics are central to transforming risk management strategies, using real-time data to improve forecasting accuracy. The company's R&D Investment in 2022 was $4.2 million, supporting this technological backbone. The company's financial health shows challenges, with a reported Net Income of -$18.3 million in 2022 and Operating Cash Flow of -$4.2 million in the same year, underscoring the cost of developing these advanced tools.

Value Proposition Metric	Segment Focus	Data Point/Amount	Context/Date Anchor
Monthly GGR Achieved	Small Business (D.C. Retail)	$67,500	Per location, as reported in late 2023
GGR vs. Expectation	Small Business (D.C. Retail)	700% above	Initial expectations for the first U.S. location
Online Platform Transaction Volume	B2B/Omnichannel	$620 million	Annually
Customer Retention Rate	Bettors	68%	Performance Indicator
Betting Handle Processed (Q2)	B2C/European Operations	$220.1 million	Second Quarter 2021
Trailing 12-Month Revenue	Overall Financial Anchor	$42.7 million	As of September 30, 2023
FY 2022 Net Income	Financial Health	-$18.3 million	Fiscal Year 2022

Finance: draft 13-week cash view by Friday.

Elys Game Technology, Corp. (ELYS) - Canvas Business Model: Customer Relationships

You're looking at how Elys Game Technology, Corp. (ELYS) manages its connections with its diverse customer base, which spans from large casino operators to individual online bettors. This isn't a one-size-fits-all approach; it's segmented by the type of client they serve.

Dedicated account management for B2B casino and operator clients

For your business-to-business (B2B) casino and leisure gaming operator clients, the relationship is high-touch. Elys Game Technology, Corp. provides a full suite of omnichannel leisure gaming products and services, including sports betting and online casino software, to commercial and tribal casinos, retail betting establishments, and franchise distribution networks. As of late 2023, ELYS had B2B operations in five states plus the District of Columbia in the U.S. market alone. This requires dedicated support to ensure their turnkey solution integrates smoothly.

The success of this model is visible in their U.S. retail expansion. For instance, their first U.S. location, Grand Central Sportsbook in Washington D.C., was a significant revenue driver, averaging $67,500 per month in Gross Gaming Revenue (GGR) for the operator, which was reported as approximately 700% above initial expectations (as of November 2023). This level of performance necessitates close, dedicated account management to replicate and scale.

Joint ventures (JV) and management services provider (MSP) model with small businesses

A key relationship strategy, particularly successful in the Italian market and being scaled to the U.S., involves partnering with small businesses. This is where the Joint Venture (JV) or Management Services Provider (MSP) model comes into play, offering a convenient way for these smaller venues to offer cost-effective sports gambling. This strategy allows Elys Game Technology, Corp. to win customer loyalty by going local, contrasting with the massive marketing spend of national competitors. One reported JV deal was with USBookmaking, dated July 15, 2021. The company's platform is designed to be a plug-and-play solution, enabling the fastest time to market for these partners.

Here's a look at the operational scale across these segments based on the latest available data:

Metric Category	B2B/JV/MSP Focus (U.S. Retail/Partners)	B2C Focus (European Online/Retail)
U.S. B2B Jurisdictions (as of late 2023)	5 States + District of Columbia	N/A
Reported Single Location Monthly GGR (D.C. Example)	$67,500	N/A
Online User Accounts (Reported 2020)	N/A	Approximately 79,000
Physical Retail/Agency Locations (Reported 2020)	N/A	1,200 web-cafés, 7 corner, and 117 agency locations

Self-service and automated support for B2C online bettors

For the business-to-consumer (B2C) online bettors, the relationship leans more toward self-service, supported by the technology itself. The ELYS™ platform is engineered to provide an intuitive software experience, which reduces the need for constant human intervention. This is supported by a real-time customer management system for efficient cross-platform marketing. While specific 2025 support metrics aren't public, the structure relies on the platform's ease of use for tasks like checking account balances and placing bets.

The B2C user base shows distinct preferences, which informs how support content and platform features are prioritized:

• Male players primarily prefer sports-bets.
• Female players show a preference for casino and bingo products.
• Approximately 10% of male players also explore casino and poker.
• Approximately 1% of female players try sports-betting or lotteries.

Loyalty programs tied to the 'best odds' model for retention

Retention for Elys Game Technology, Corp. is heavily influenced by its 'best odds' model, which is an odds-making strategy designed to attract and keep clients by offering the most competitive odds on sporting events. This approach prioritizes long-term customer loyalty over short-term promotional gains. While specific 2025 loyalty program enrollment or retention rate data for ELYS isn't available, industry benchmarks suggest the importance of this focus. For context, general industry data indicates that 83% of consumers say a loyalty program makes them more likely to continue doing business with a brand.

The financial health underpinning these relationships, as of the latest available update on November 27, 2025, shows a Gross Margin of 20.56%. The company's Trailing Twelve Month (TTM) revenue was $42.7M as of December 31, 2022. Finance: draft 13-week cash view by Friday.

Elys Game Technology, Corp. (ELYS) - Canvas Business Model: Channels

You're looking at how Elys Game Technology, Corp. (ELYS) gets its product and services to the customer, which is a mix of direct-to-consumer and business-to-business routes across different geographies.

Online/Mobile: '5D by Elys' mobile app under the SportBet.com brand

The mobile channel is centered around the SportBet.com brand, which utilizes the proprietary '5D by Elys' technology. This platform was positioned for a launch in the North American mobile sports betting market, including a market access agreement in Colorado.

• Technology platform ready for U.S. regulated market integration.
• Platform integrated with geolocation, KYC, player tracking, and payment processing.

B2B Distribution: Direct software licensing to operators and casinos

Elys Game Technology, Corp. acts as a key B2B provider, offering its full suite of leisure gaming products and services to online operators and land-based casinos. This segment leverages its technology for online casino, sports betting, and virtual sports.

Metric	Value/Status (Latest Available Data)
B2B Operations States (U.S.)	5 states plus the District of Columbia
Annual Revenue (as of Dec 31, 2022)	$42.7M
Market Access Agreements	Multi-year agreement with Caesars Entertainment (announced Q3 2023)

Retail Venues: Small business sportsbooks (bars/restaurants) in the U.S.

The U.S. retail strategy focuses on the small-business model, often through Management Services Provider (MSP) licenses, placing its sportsbook solution in existing social establishments like bars and restaurants. Washington, D.C., served as a proof-of-concept market for this model.

• Model designed to offer convenient betting access alongside social venue enjoyment.
• Technology includes a 'Build-your-bet' feature for off-site wager preparation.

Location Focus	Count/Status (Latest Reported Figures)
Washington D.C. Locations Operational/Approved	At least 3 locations
Ohio Signed Host Locations (as of Oct 2022)	More than 100

European Network: Agency locations and web-cafés (historical B2C base)

The European network, primarily through its Italian subsidiary Multigioco, represents the historical B2C base, offering online and land-based gaming technology services. This segment was streamlined to return to profitability.

European Segment Metric	Figure (Nine Months Ended Sept 30, 2022)
Net Profitable Position (Europe)	$0.3M
B2C Turnover Increase (Q3 vs Q3 2021)	19%
Italian Operating Rights Deployed (as of Q3 2022)	Approximately 44 of 100 obtained rights

The company's overall turnover for Q3 2023 fell to $162.6M, a 2.4% drop, with total revenue at $8.5M for that quarter.

Elys Game Technology, Corp. (ELYS) - Canvas Business Model: Customer Segments

You're looking at the customer base for Elys Game Technology, Corp., now operating as Elys BMG Group, Inc. since January 2024. The customer segments are distinct across their established European base and their expanding North American retail focus. The company provides its technology and services to both business partners and end consumers globally.

The core customer segments are:

• B2B Operators: Commercial and tribal casinos seeking a platform solution.
• Small U.S. Businesses: Bars, restaurants, and retail venues for Class-B sportsbooks.
• B2C Bettors (Europe): Online and land-based leisure gaming consumers in Italy.
• B2C Bettors (U.S.): Mobile and retail sports bettors in regulated states.

Here's a look at the concrete numbers associated with these groups, based on the latest available data leading up to late 2025, keeping in mind the company was acquired by Lottomatica S.p.A. in late 2023.

Customer Segment	Geographic Focus	Key Metric / Data Point	Value / Amount
B2B Operators	U.S. (Regulated States)	Number of regulated jurisdictions with B2B operations (as of late 2023)	Five states and the District of Columbia
Small U.S. Businesses	U.S. (Class-B Retail)	Average Gross Gaming Revenue (GGR) per month for the first D.C. location (as of late 2023)	$67,500
Small U.S. Businesses	U.S. (Class-B Retail)	GGR performance vs. initial expectations for the first D.C. location (as of late 2023)	Approximately 700% above initial expectations
B2C Bettors (Europe)	Italy	Euro-based Turnover for Fiscal Year Ended December 31, 2022	€730.5m
B2C Bettors (Europe)	Italy	Online User Accounts Serviced (as of 2022 data)	Approximately 79,000
B2C Bettors (U.S.)	Regulated States	Projected U.S. Sports Betting Market Size (2025 estimate)	$31.4 billion

The B2C Bettors in Europe, primarily in Italy, represent the company's established revenue base, with the fiscal year 2022 turnover reaching €730.5m. This segment is where the company has deep experience bringing sports betting to small business venues, a model they are replicating in the U.S.

For the Small U.S. Businesses segment, the proof point is in Washington D.C., where the initial Class-B sportsbook location demonstrated significant success, averaging $67,500 in Gross Gaming Revenue monthly. This success has driven the expansion of B2B operations across five states and D.C., targeting bars, restaurants, and retail venues.

The B2B Operators segment is comprised of commercial and tribal casinos looking for the company's platform software and risk management services. While the company is pushing this, the last reported TTM revenue figure available was $42.7 million as of September 30, 2023, reflecting the overall scale before the full impact of 2024/2025 US expansion could be fully realized in later reports.

The B2C Bettors in the U.S. are the target for the company's retail expansion, tapping into a market projected to hit $31.4 billion in 2025. The company's strategy is to win loyalty locally, contrasting with the massive spending of market leaders.

Finance: review the Q3 2025 revenue contribution split between Italian B2C and US B2B/B2C by October 31st.

Elys Game Technology, Corp. (ELYS) - Canvas Business Model: Cost Structure

You're looking at the expense side of the Elys Game Technology, Corp. operation as of late 2025. This is where the capital goes to keep the ELYS™ platform running and to fuel the North American push. Honestly, tracking these costs is key, especially when the bottom line shows a loss.

The most concrete figure we have for the latest period is the result of these costs:

• Operating expenses, reflected in Q3 2025 Net Loss of -$3.30 million.

To give you a sense of where the money was going, we can look at the structure of operating expenses from a recent period, as specific 2025 breakdowns for every line item aren't immediately public. For instance, in Q3 2023, operating expenses were reported at $11.4 million, which represented a 10.2% decrease year-over-year.

Here's a look at the components that drive these costs, using the latest available context:

Cost Component	Latest Available Real-Life Number/Estimate	Context/Period
Q3 2025 Net Loss	-$3.30 million	Q3 2025
Technology Development & Maintenance Costs (Component of OpEx)	Reduction noted contributing to OpEx decrease	Q3 2023
Total Operating Expenses	$11.4 million	Q3 2023
Estimated Nasdaq Listing Compliance Costs	Approximately $1.6 million annually	Estimated as of October 2023
Total Assets (for balance context)	$22.35 million	Latest Quarter End
Total Liabilities (for balance context)	$13.32 million	Latest Quarter End

Technology development and maintenance of the ELYS™ platform is a significant, ongoing drain. The company has historically made significant investments in product platform and infrastructure development for North America. The reduction in technology development costs was cited as a reason for the 10.2% drop in operating expenses to $11.4 million in Q3 2023.

Regulatory compliance and licensing fees across multiple states/countries are a non-negotiable cost of doing business in the US. Beyond state-specific licensing, the cost to maintain a public listing was estimated:

• Expenses related to maintaining Nasdaq listing were estimated at approximately $1.6 million annually as of October 2023.
• These listing expenses were expected to rise due to compliance requirements like Sarbanes-Oxley Act (SOX) and ESG initiatives.

Sales and marketing expenses for North American expansion are incurred up front when entering new markets and acquiring clients. The company has stated its intention to continue to invest in sales and marketing as part of its strategy.

Data feed and partnership costs, such as those with entities like Sportradar or U.S. Integrity, are embedded within the operating expenses, but specific dollar amounts for these third-party data services aren't itemized separately in the high-level reports available.

The overall financial performance, which these costs drive, shows a trailing twelve months (TTM) net profit margin of -42.78% and a total debt-to-equity ratio of 190.84%.

Finance: draft 13-week cash view by Friday.

Elys Game Technology, Corp. (ELYS) - Canvas Business Model: Revenue Streams

You're looking at the core ways Elys Game Technology, Corp. brings in money as of late 2025. This is where the rubber meets the road for their B2B platform services and their B2C operations, primarily in Italy and the expanding U.S. market.

The top-line number for the third quarter of 2025 is reported as $8.46 million in total revenue. This figure represents the culmination of their various streams, which are segmented across different operational areas.

Elys Game Technology, Corp. generates revenue from providing retail land-based and web-based gaming technology services in regulated countries and offers solutions for the B2B and B2C markets. While the Company has historically focused on the Italian gaming market, which accounts for a significant portion of its revenue stream, it intends to expand its US gaming markets by providing its software platform of services to gaming operators and casinos.

The revenue streams primarily consist of transactional income and service revenue.

Here's a look at the components making up that revenue structure:

• B2C Gaming Revenue: Net winnings from online and land-based betting operations.
• B2B Platform Fees: Licensing and managed services fees from operators.
• Revenue from leisure betting establishments in Italy and the U.S. operations.
• Revenue diversification from new product segments like virtual sports and casino offerings.

The Italian operations, through its subsidiary Multigioco, offer a full suite of leisure gaming products and services. For example, the virtual products segment had an objective to generate accretive organic incremental revenue of approximately $5 - $7 million annually, based on prior guidance.

In the U.S., service revenue is currently generated from providing the platform and bookmaking services on a B2B basis to retail locations and casino operators. In 2021, the U.S. operations generated approximately $1 million in B2B service revenue in the fourth quarter alone, illustrating the initial soft-start approach to North American expansion.

The composition of revenue streams historically shows a strong base in Italy, with male players preferring sports-bets and female players preferring casino and bingo. The table below outlines the general revenue categories that feed into the total reported figure:

Revenue Stream Category	Primary Market Focus	Historical/Targeted Revenue Contribution
B2C Net Winnings	Italy (Online/Land-based)	Transactional Income
B2B Platform & Managed Services	U.S. (Casinos/Retail) & Global Operators	Service Revenue
Virtual Sports Products	Italy & Global Markets	Targeted $5M - $7M Annually (Prior Guidance)
Casino, Poker, Bingo Offerings	Italy	Historically a major component alongside sports betting

The Company provides wagering solutions, services online operators, casinos, retail betting establishments, and franchise distribution networks. The goal is to convert investments in the North American product platform and infrastructure into revenue-generating deployments.