Why Elys Game Technology Shares Are Exploding 118% Higher Tuesday

Elys Game Technology Corp ELYS shares are trading higher by 118.44% to $0.38 during Tuesday's session after the company and Cloakbook were granted a license to commence sportsbook operations in Washington, D.C.

Elys says a soft launch is expected ahead of the busy New Year's Eve sports weekend with first wagers planned at the Cloakroom and Over Under Sportsbook Rooftop Lounge  at 4:00pm on Thursday, December 29.

"We are delighted to have been granted the first joint venture license with our partners at Cloakbook to commence sports wagering services within the Cloakroom Gentlemen's Club and the Over Under rooftop lounge, our second small business sportsbook installation in Washington, D.C.," stated Michele Ciavarella, Executive Chairman of Elys Game Technology.

According to data from Benzinga Pro, ELYS has a 52-week high of $3.47 and a 52-week low of $0.11.