Elys Game Technology, Corp. reported that preliminary, unaudited net gaming revenue increased by 26% to approximately $13.1 million for fourth quarter of 2020 compared to $10.4 million for the same period in the previous year. Additionally, web-based gross gaming revenue increased by approximately 69% in Fourth Quarter 2020 compared to the same period in the previous year. As reported by Italy’s leading gambling, betting, and gaming news agency Agenzia Giornalistica sul Mercato del Gioco, spending within the online sports betting sector in Italy reached almost $1.2 billion for the full year of 2020, an increase of approximately 37.5% over 2019 according to statistics provided by the Italian regulator. Despite the highly competitive market in Italy, Elys grew by 56% gaining market share while further strengthening its competitive position in the mobile and online channel.