Gaming Realms Cite Continuing Success And Momentum

Gaming Realms plc, the technology-led producer and licensor of mobile-focused gaming content, yesterday released a trade statement in advance of its end results for the year 31 December 2020, citing continuing success momentum and ongoing ambitions to be launched in Pennsylvania and Michigan.

After the market was updated on 8 September 2020 when its interim results were released, the company told investors it was pleased to say that the pattern seen during the first eight months of this year continued with business success and sales momentum.

Revenues are forecast to be $14.29m for the year, 55 percent ahead of 2019. As a result of this sales rise, the company announced that for the year ended 31 December 2020, it expects adjusted EBITDA of not less than $3.67 million.

The firm said: “This strong performance is due to the expansion of our partners internationally, the release of new Slingo games, and improvements to the group’s technology. In the second half of the period, we have gone live with five new partners, including PaddyPower Betfair in Europe, and launched four new Slingo games including Slingo Fluffy Favourites.”

On its national ambitions, the company has revealed that it has applied for licences in the US in Pennsylvania and Michigan and hopes to launch in the first half of 2021 in these states.