Gaming Realms PLC Pre-Close Trading Update (6211Z)
26 January 2022 - 06:00PM
UK Regulatory
TIDMGMR
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.GBP14.5 million and adjusted EBITDA* of c.GBP5.6
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
Michael Buckley, Executive Chairman
Mark Segal, CFO 0845 123 3773
Peel Hunt LLP - NOMAD and broker
George Sellar
Andrew Clark
Lalit Bose 020 7418 8900
Yellow Jersey
Charles Goodwin
A nnabel Atkins
Annabelle Wills 07747 788 221
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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