After reporting an improvement in its 2020 full-year targets in a pre-close trading update for the period to December 31, 2020, Gaming Realms lauded a “significant step forward” in becoming a global platform company.
The mobile-focused game developer reported that it expects revenue and adjusted EBITDA for 2020 to be in the area of $11.2 million and £3.1 million, respectively, a small improvement on the forecasts of £ 10.7 million and £ 2.75 million announced in December.
‘Record month in December’
The jump comes as a consequence of a “record month in December,” led by the content licensing sector of the company that it claims has “continued to go from strength to strength.”
During the year, Gaming Realms registered growth of more than 100 percent, boosted by 26 commercial tie-ups, including DraftKings in the US, as well as Sky Betting and Gaming in the UK and Europe, and PaddyPower Betfair.
Significant step forward
Michael Buckley, Gaming Realms’ chairman, commented: “We are delighted with last year’s performance, which illustrates both the popularity of our games and our ability to licence multiple different partners. At the same time, we have taken a significant step forward to becoming a global platform business with multiple games, all of which is testament to our talented and motivated team.
“The combination of our excellent games portfolio, our existing distribution agreements with global partners and our strong pipeline of new partnerships, makes us optimistic about the significant opportunities ahead as we focus on our continued expansion and international growth.”
The period ahead
Subsequently, attention is focused on the period ahead, with the recent launch in Italy of Slingo content, with both Goldbet and Sisal said to reflect the continuation of the momentum of the previous year.
In recent times, the US has also been a prime expansion goal, with the latest moves in its strategy being a multi-state deal with BetMGM and a provisional supplier license by the Michigan Gaming Control Board.
Gaming Realms hopes that Pennsylvania will become its next entry market in the country by allowing Slingo Originals content to be delivered to Michigan’s licensed online casino operators, and sitting alongside its New Jersey license.