REG - Gaming Realms PLC - Approval of iGaming Supplier License in Ontario

Gaming RealmsAnnouncement

09/03/2022 07:00

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RNS Number : 0860E  Gaming Realms PLC  09 March 2022

9 March 2022

 

Gaming Realms Plc

 

("Gaming Realms", the "Company" or the "Group")

 

Approval of iGaming Supplier License in Ontario

 

 

Gaming Realms plc (AIM: GMR), the developer and licensor of mobile focused
gaming content, is pleased to announce that its subsidiary, Alchemybet
Limited, has been awarded an iGaming Supplier license to supply games within
the Canadian province of Ontario ahead of the opening of the province's
regulated iGaming market on 4 April 2022.

 

Gaming Realms' entry into the Canadian iGaming market marks a significant
milestone for the Group, presenting a long-term growth opportunity as the
Company focuses on providing its Slingo Originals game content to Ontario's
licensed online casino operators.

 

With a population of 15 million, Ontario is larger than any State within the
U.S. that is currently licensed for iGaming. It is reasonable to expect that
revenues will be higher than New Jersey, Michigan or Pennsylvania, where the
Company is currently supplying its Slingo Originals content.

 

The Company will launch its full games portfolio in Ontario and is now
preparing for launch as the market opens.

 

With regard to current trading, whilst early in the year, 2022 has started
well with revenues in excess of management's expectations, giving management
confidence in the outlook.

 

Michael Buckley, Executive Chairman of Gaming Realms, commented: "Ontario
should be a bigger market for Gaming Realms than any of the U.S States that
have regulated so far, so we are very excited to have been awarded our
supplier license in this territory.

 

"Our approval marks an important step in the Group's growth trajectory as we
focus on expanding and strengthening our global presence and bringing our
hugely popular and innovative Slingo content to new audiences."

 

 

Enquiries:

 

 Gaming Realms plc                     0845 123 3773

 Michael Buckley, Executive Chairman

 Mark Segal, CFO

 Peel Hunt LLP - NOMAD and broker      020 7418 8900

 George Sellar

 Andrew Clark

 Will Bell

 Yellow Jersey                         07747 788 221

 Charles Goodwin

 Annabel Atkins

 Annabelle Wills

 

About Gaming Realms

 

Gaming Realms creates and licenses innovative games for mobile, with
operations in the UK, U.S. and Canada. Through its unique IP and brands,
Gaming Realms is bringing together media, entertainment and gaming assets in
new game formats. The Gaming Realms management team includes accomplished
entrepreneurs and experienced executives from a wide range of leading gaming
and media companies.

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