Gaming Realms PLC Trading Update (6033O)
02 June 2020 - 4:00PM
UK Regulatory
TIDMGMR
RNS Number : 6033O
Gaming Realms PLC
02 June 2020
02 June 2020
Gaming Realms plc
("Gaming Realms", the "Company" or the "Group")
Trading Update
Gaming Realms plc today issues the following trading update for
the five months to 31 May 2020 (the "Period").
Following on from the Group's FY19 Preliminary Results
announcement on 28 April 2020, in which the Group reported
Licensing revenue had grown 90% in Q1 FY20, the Company is pleased
to report that Licensing revenue has continued to achieve high
levels of growth during April and May and is up 80% over the
Period. In addition, revenue from the Group's Social division is up
15% over the Period.
This performance has been underpinned by the continued growth in
new licensing partners, such as the recently announced partnerships
with 888casino.com, Sky Betting & Gaming in the UK, and Draft
Kings in New Jersey, USA. This performance has also been driven by
the high level of take-up for the Group's games by the end
customers of the Group's partners, aided by the release of three
new Slingo games this year.
As a result of this performance, the Board expects that EBITDA
for the year ending 31 December 2020 will be significantly ahead of
current market expectations.
The Board expects to announce its H1 2020 Interim Results in
September 2020.
Gaming Realms plc
Michael Buckley, Executive Chairman
Mark Segal, CFO 0845 123 3773
Peel Hunt LLP - NOMAD and broker
George Sellar
Andrew Clark
Will Bell 020 7418 8900
Yellow Jersey
Charles Goodwin
Georgia Colkin
Annabel Atkins 07747 788 221
This announcement contains inside information within the meaning
of the Market Abuse Regulation. The person responsible for
arranging release of this announcement on behalf of Gaming Realms
plc is Mark Segal, Chief Financial Officer.
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 or visit www.rns.com.
END
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