Gaming Realms has started selling its ordinary shares on the OTCQX Best Market in the United States under the ticker symbol ‘PSDMF,’ as the company strives to achieve its primary goal of expanding its presence in the US igaming ecosystem.
The firm has lauded the upgrade as a “important step” in seeking to provide open trading for US investors, after citing the US as one of three key areas of international expansion that the company will concentrate on going forward earlier this week.
Gaming Realms’ executive chairman, Michael Buckley, said: “We are delighted to be admitted to the OTCQX, a development which reflects the increased demand and interest we have been experiencing from US investors as a result of our growth in New Jersey, and successful partnerships with US gaming companies.
“Our quotation on OTCQX will significantly enhance our visibility in the US market and provide better access to prospective investors.
“Whilst the company continues to expand in the European regulated igaming market, our principal focus is on increasing our foothold in the US and building on the success of our hugely popular Slingo games in New Jersey.
“We have an exciting pipeline of opportunities ahead, not least our imminent launch in Michigan, our second US State, whilst we are also progressing the application process for a licence in Pennsylvania.”
Qualifying for OTCQX
Companies must meet high financial expectations, follow best practises in corporate governance, and demonstrate compliance with applicable securities laws in order to apply for OTCQX.
Gaming Realms will continue to trade ordinary shares on the London Stock Exchange’s Target market under the symbol “GMR” since being upgraded to OTCQX from the Pink Open Market.
OTC Markets Group’s executive vice president of corporate services, Jason Paltrowitz said: “Gaming Realms joins a growing roster of gaming companies that choose to cross-trade on the OTCQX Market to provide greater transparency and more efficient trading for their investors globally.
“We look forward to supporting Gaming Realms as the company works to build visibility, liquidity and long-term shareholder value.”