REG - Gaming Realms PLC - Pre-Close Trading Update

Gaming RealmsAnnouncement

26/01/2022 07:05

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220126:nRSZ6211Za&default-theme=true

RNS Number : 6211Z  Gaming Realms PLC  26 January 2022

 

26 January 2022

 

Gaming Realms Plc

 

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

 

Pre-Close Trading Update

 

FY21 Revenue and EBITDA* Growth of 27% and 70% Respectively Complemented by
New Regulated Market Launches

 

 

Pre-Close Trading Update

 

Gaming Realms plc (AIM: GMR), the developer and licensor of mobile focused
gaming content, announces a pre-close trading update for the full year to 31
December 2021 ("FY21").

 

The Company is pleased to confirm that it expects to report FY21 revenue of
c.£14.5 million and adjusted EBITDA* of c.£5.6 million, up 27% and 70%
respectively year-on-year. This strong performance was driven by the continued
growth of the Group's licensing business that, during FY21, launched in two
new U.S. regulated iGaming markets of Michigan and Pennsylvania, and with
thirty-five new partners internationally.

The Group's expansion into further new markets during Q4 FY21, as set out
below, has continued this positive momentum into Q1 FY22.

The Company expects to report its FY21 Preliminary Results during the week
commencing 25 April 2022.

 

New Regulated Market Launches

 

The Company is pleased to provide the following update on its recent entry
into new regulated markets.

 

In November 2021, Gaming Realms entered the regulated Romanian iGaming market
through a partnership agreement with Superbet, the largest digital and retail
betting operator in Romania. The deal sees Superbet publish Gaming Realms'
market leading Slingo content in the Romanian market, including Slingo
Extreme, Red Hot Slingo, as well as the recently launched Slingo Sweet
Bonanza.

 

Further bolstering its European presence, Gaming Realms went live in December
2021 with JVH gaming and entertainment group in the newly regulated Dutch
market under the Jack's Casino and Sports brand ("Jack's Casino"). Initially,
Jack's Casino will offer 15 Slingo games to its Dutch player base, with
further agreements with other licensed operators agreed and scheduled through
Q1 2022.

 

In January 2022, the Group entered the regulated Spanish market with long-term
strategic partner Gamesys (now part of Bally's Corporation) under its Monopoly
and Botamania brands. An initial fifteen games have been approved for launch
in this market. Following a short exclusivity period with Gamesys, Gaming
Realms will also launch its Slingo portfolio with Rank Group's YoBingo and
YoCasino brands in the Spanish market.

 

In addition, following Gaming Realms' announcement of 29 September 2021
regarding a third-party distribution agreement with 4ThePlayer.com, the
Company is pleased to announce that it has released 9K Yeti, its first
4ThePlayer.com slot game, with Paddy Power Betfair and Gamesys. Gaming Realms
is initially distributing this content to targeted EU operators, with the
North American markets to follow.

 

Michael Buckley, Executive Chairman of Gaming Realms, commented: "We are
delighted with the performance in 2021, where we launched in new markets and
increased the distribution of our expanded Slingo portfolio. We have a strong
pipeline of opportunities and the outlook is very encouraging, with further
expected expansion of our international footprint coupled with additional
deals within the markets where our content is already distributed. We believe
that the strong momentum of last year will continue into 2022 which is
demonstrated by entry into regulated markets announced today."

 

*EBITDA before share-based payments and restructuring expenses

 

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

 Lalit Bose

 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTUVSBRUWUAUAR