REG - Gaming Realms PLC - Pre-Close Trading Update

Gaming RealmsAnnouncement

27/07/2023 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230727:nRSa3177Ha&default-theme=true

RNS Number : 3177H  Gaming Realms PLC  27 July 2023

27 July 2023

 

Gaming Realms Plc

 

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

 

Pre-Close Trading Update

 

H1'23 Revenue and EBITDA* growth of 34% and 32% respectively, driven by growth
in Game Content Licensing and Market Expansion

 

 

Gaming Realms plc (AIM: GMR), the developer and licensor of mobile-focused
gaming content, announces a pre-close trading update for the half year to 30
June 2023 ("H1'23" or "the Period").

 

The Company is pleased to confirm that it expects to report H1'23 revenue of
c.£11.4 million and adjusted EBITDA* of c.£4.6 million, up 34% and 32%
respectively, year-on-year. This strong performance was driven by the
continued growth of the Group's licensing business, which consolidated its
market share by going live with 25 new partners and launching 5 new Slingo
games.

In North America, highlights included the launch of the Slingo Originals
portfolio with Betway, OLG (Provincial Lottery) and LeoVegas in Ontario,
Pokerstars in New Jersey and Stardust Casino in Pennsylvania.

In Europe, Slingo went live with Bet365 in the UK, 888 in Romania and Spain,
Betflag in Italy and Betsson and Mr Green Casino in Denmark.  The Company was
also granted its Swedish Gaming Authority licence, allowing Gaming Realms to
continue to supply its games to the Swedish market.

Early in the year, Gaming Realms secured brand licensing agreements for two
internationally renowned games: Tetris and TAITO's SPACE INVADERS, expected to
launch in the fourth quarter of this year. Gaming Realms also signed a
licensing deal with Entain to launch Slingo Bingo. The game was developed
in-house by Entain exclusively for UK customers and went live with Entain
Bingo Products in May 2023.

This strong momentum in the Period gives the Board confidence that the Company
is on track to meet its full-year targets.

The Company expects to report its 2023 Interim Results during the week
commencing 11 September 2023.

 

Mark Segal, Chief Executive Officer of Gaming Realms, commented: "We are
delighted to report strong performance in the first half of 2023,
demonstrating our ability to deliver consistent growth from our ever-expanding
games portfolio across existing and new markets.

 

"As we advance into the second half of 2023, we believe the momentum will
continue, backed by our strong commercial pipeline, and that we will meet our
full year targets."

 

*EBITDA before share-based payments

 

Enquiries:

 

 Gaming Realms plc                         0845 123 3773

 Michael Buckley, Executive Chairman

 Mark Segal, CEO

 Peel Hunt LLP - NOMAD and Joint Broker    020 7418 8900

 George Sellar

 Andrew Clark

 Lalit Bose

 Investec Bank plc - Joint Broker          020 7597 5970

 Bruce Garrow

 Alex Wright

 Ben Farrow

 Yellow Jersey                             07747 788 221

 Charles Goodwin

 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  TSTUNONROOUBUAR