Gaming Realms PLC Pre-close Trading Update (6921O)
11 February 2021 - 6:00PM
UK Regulatory
TIDMGMR
RNS Number : 6921O
Gaming Realms PLC
11 February 2021
Gaming Realms Plc
(" Gaming Realms", the "Company" or the "Group")
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 2020 ("FY20").
The Company is pleased to announce that it expects FY20 revenue
and adjusted EBITDA* will be c .GBP11.2m and c.GBP3.1m
respectively. This reflects a record month in December due to the
Company's content licensing business, which has continued to go
from strength to strength. It grew by over 100% during FY20 -
launching with 26 new partners, including Tier 1 operators
DraftKings in the U.S., as well as Sky Betting and Gaming and
PaddyPower Betfair in the UK and Europe.
The positive momentum reported above has continued into the
start of FY21, with the Company recently announcing the launch of
its Slingo content in Italy with both Goldbet and Sisal.
The development of the Group's US strategy has continued into
the current year, with the signing of a number of key contracts in
the US, including a multi-state contract with BetMGM to provide
content through a direct integration. In addition, the Company has
been granted a provisional supplier licence by the Michigan Gaming
Control Board, which will allow all Slingo Originals content to be
provided to Michigan's licenced online casino operators. This
licence, alongside the Company's existing New Jersey licence, will
further strengthen Gaming Realms' US operations, where it is
continuing with the application process for a licence in
Pennsylvania.
The Company expects to report its FY20 Preliminary Results
during the week commencing 19th April 2021.
Michael Buckley, Chairman, said:
"We are delighted with last year's performance, which
illustrates both the popularity of our games and our ability to
licence multiple different partners. At the same time, we have
taken a significant step forward to becoming a global platform
business with multiple games, all of which is testament to our
talented and motivated team. The combination of our excellent games
portfolio, our existing distribution agreements with global
partners and our strong pipeline of new partnerships, makes us
optimistic about the significant opportunities ahead as we focus on
our continued expansion and international growth."
*EBITDA before share-based payments and restructuring
expenses
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 07747 788 221
Annabel Atkins 07983 557 851
Georgia Colkin
About Gaming Realms
Gaming Realms creates and licenses innovative gaming content for
mobile, with operations in the UK, U.S. and Canada. Through its
proprietary 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 technology,
gaming and media companies.
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END
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