Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Elys BMG Group, Inc. focuses on providing gaming services directly to consumers across both the United States and Europe. The company both furnishes betting platform software to various leisure gaming businesses and manages its own online and physical betting operations. Its extensive array of gaming offerings includes sports wagering, as well as a full suite of online casino options such as slots, table games, poker, bingo, skill-based and interactive games, virtual sports betting, and horse racing. These services are accessible through traditional brick-and-mortar retail locations, its newgioco.it website (or linked commercial web portals), and via mobile devices. Founded in 1998 and headquartered in Toronto, Canada, the company was formerly known as Elys Game Technology, Corp., changing to its current designation in January 2024.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is 'cheap' on EV/EBITDA.