The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. That’s apparently what ELYS stock investors are counting on as they push the share price significantly higher today. Perhaps, then, Engage IT Services’ technology team will greatly enhance Elys’ long-term shareholder value. All in all, Elys Game Technology Executive Chairman Michele Ciavarella envisions Engage as bringing “the perfect blend of engineering excellence, overlapping corporate culture, and regional presence.” In other words, Elys is building and solidifying its top-tier tech talent. Elys Game Technology has “obtained long-term commitments of 6 key IT, engineering, and risk and project management employees through the issuance of incentive shares vesting monthly over a period of 3 years.” Elys’ management, per the press release, feel that Engage “will greatly enhance our in-house engineering capabilities.” It’s easy to see why investors are so excited about this development. The oldest, largest and most accurate video game database covering over 280 platforms from 1950 to date MobyGames Copyright © 1999-2022 All rights reserved. Eastern - not too shabby.Ĭlearly, financial traders are bullish on Elys’ acquisition of Engage.
Still, shares were up nearly 40% as of 10:30 a.m. ELYS stock ran as much as 90% higher this morning before falling back somewhat.
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