Elys BMG Corp inc (ELYS)

[grantastic]

The posted news article says the company went public in "late 2019"

https://www.gamblinginsider.com/mag/?Mid=116

"...and just as Elys' (then Newgioco's) IPO in December 2019 took its growth to a new level..."

Being regulated doesn't protect you from slippery or bad faith businessmen. USA gambling industry is full of bad actors. Every industry has bad apples but in my experience, gambling attracts more.

Furthremore, the extra regulation adds difficulty. Gambling companies are always to some level at risk of the whims of individual regulators.

No denying there's money to be made. Just saying it's a more risky environment.

I think you don't understand a few main aspects of Elys.

It was public on OTC for 3.5 years. They have $35M in rev in 2019. Nothing wrong with being NASDAQ listed with that under your belt.
Their current revenue base is from being a betting operator in Italy.....very little Saas revenue.

Their goal is to change that mix to be 60% Saas, 40% operator as they license the software in the US. They have filed to turn on their first client today.

Will take some time if they can gain traction with other operators looking for a platform to license. Meanwhile Italian business continues to grow. Legalized US gambling is highly regulated. Your bad actors comment seems out of place.