H.C. Wainwright analyst Scott Buck reiterates a Buy rating on Elys Game Technology with a $2 price target after the company announced a second gaming license for partner Cloakroom Gentlemen’s Club in Washington D.C. Given results at the company’s first D.C. location, Grand Central, the Cloakroom could potentially generate as much as $1.0M annually in gaming revenue, Buck tells investors in a research note. He believes Elys continues to make "meaningful progress" both in the U.S. and Europe. "This should manifest itself in better operating results beginning in 2023," Buck tells investors in a research note.
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Published first on TheFly
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