4ThePlayer
2 exciting brand-new titles coming to Gaming Realms in November?! Our player favourite Yeti is back in 1k Yeti our first 40-line, low-volatility slot! We also return to the seas, with our latest fantastic Fish sequel 4 Fantastic lobsters |
Slingo Space Invaders has been released today
Hopefully a top game |
Not posted for a while, but been watching off the back of good results.
Like others I had expected a stronger move from the results. Applying H2 seasonality plus the new customer and product launches £10m EBITDA looks to be baked in.
So yesterdays drop was a surprise which I can only put down to a combination of a choppy market and profit taking. Since the results there seems to be a seller at 36p. Id guess at a disciplined institution taking profits after the recent run.
I think Investec are on the money here with their comments regarding GMR being a tasting acquisition target for one of the big boys. At 36p and applying a 40% premium gets us to 50p. But id hope for a bit more. |
Think I saw an advert on a TV chanel today for slingo just heard the last bit of it before I realised what it was |
Interesting to see the article released at midday and then later at around 3pm there is a massive sell of 400k that drops the share price. |
looks like some big selling today for some reason ? Top up opportunity? |
 Interesting piece on proactive investor
Extract taken from it
In an industry where M&A still thrives, we believe Gaming Realms is an attractive potential takeover target,” said Investec.
“The company’s unique Slingo product, and its many variants, give it a considerable competitive advantage, with the potential to keep launching in new geographies and with new clients for little additional costs.”
Investec points to the strong management team, which is comprised of industry veterans including Segal who was a former finance director at bwin.party and chairman Michael Buckley, the ex-chair of Cashcade, one of the UK’s pioneering online bingo providers.
Risks include tightening regulation in established markets such as the UK but currently trading on an enterprise [EV/EBITDA] multiple of 7.3 times and earnings [P/E] multiple of 17.3x, analysts at the South African bank believe these figures “undervalue the business significantly”.
Investec rates the stock a “buy” and reckons its share price could rally ahead from its current 36p share price towards 48p, representing a premium of over 33%
Also a article from playUSA
“Caesars Digital is an online casino operator that needs no introduction, and launching a custom title on their new Caesars Palace Online Casino app in four markets is a great achievement as we continue to expand across North America.
The United States and Canada offer huge potential, and our wide and diverse portfolio of Slingo games has proven popular with the local audience, something this partnership is a testament to.”
New Slingo game adds excitement to Caesars Palace online casino growth
Gaming Realms made Caesars Palace Slingo specifically for Caesars; it’s a bespoke title set in Las Vegas’ Caesars Palace Casino.
Like bingo, the new title has a 5×5 matrix on it filled with randomly assigned numbers. A reel across the bottom of the screen acts like a slot machine reel, showing five numbers and then spinning again.
The goal is for players to match numbers from the reel to numbers on the matrix and get five in a row (a “slingo”).
The news of the bespoke game’s debut adds to the momentum of Caesars Palace online casino, which launched this past month in Michigan, New Jersey, Pennsylvania, and West Virginia.
Because the platform is a newcomer to those four markets, we can expect to see more announcements about new features and titles. Especially as the fight for revenue in lucrative online casino markets requires a steady flow of new games.
Matt Sunderland, an executive at Caesars Digital (oversees Caesars Palace Online Casino), said Gaming Realms’ bespoke game adds to the excitement of the casino’s first months. Sunderland said:
“Caesars Palace Slingo is a great example of the new level of entertainment we strive to bring to players with Caesars Palace Online Casino. We’d like to thank our partner Gaming Realms for creating a fun and unique game that highlights the customized experience we can bring to life on our new platform.”
As for today's drop no idea , bigger than normal volume |
Why the drop ? |
Hopefully Brazil will become a opportunity for GMR if online legislation is passed
Brazil’s Chamber of Deputies has approved the government’s gambling bill, which regulates both sports betting and online casino.
The passage of the bill marks one of the final hurdles in the long journey to regulate online gambling in Brazil, the 10th largest economy in the world.
Bill 3,626/23 – which will replace the provisional measure (PM) president Luiz Inácio Lula da Silva issued in July – was amended several times from the original bill that the rapporteur, deputy Adolfo Viana, presented yesterday.
However, the bill still legalises online casino in addition to sports betting. Betting on fantasy sports will remain illegal due to a specific exemption from the new rules.
The bill will now head to the Federal Senate, which has 45 days to comment on the bill. |
Some great new distribution deals been announced the past week. Bet365 announced today, a bespoke game for Caesars online app announced yesterday and, last week, launched in Portugal via Betclic.
Great continued news flow from the company. |
Taking a technical point of view the GMR chart has just completed an ABC correction and should now rise. The entry point/safe trade would be 37.4 but taking all into account its probably a good bet to in vest now. |
Very surprised that there is continuous selling. In my opinion we should be nearer 45p . |
Canaccord Genuity set a target price of 50 GBX for the company, which when compared to the Gaming Realms PLC share price of 38 GBX at opening today (19/09/2023) indicates a potential upside of 31.6%. Trading has ranged between 22 (52 week low) and 40 (52 week high) with an average of 585,875 shares exchanging hands daily. The market capitalisation at the time of writing is £104,257,457. |
#shareprice36psameas2yearsago |
Gaming Realms
Our wonderful CEO Mark Segal will be joined by Gareth Scott & Mouhcine Jalili at the SBC Barcelona Summit next week in Spain, Sept 19 - 21.
Message us to book in a meeting 🤝
We look forward to seeing everyone there!
#gaming #casino #casinogames #slingo #gambling #bingo #slots #igaming #igamingnews #onlinecasino #mobilegaming #otcqx
hxxps://sbcevents.com/sbc-summit-barcelona/agenda/?selectedDay=1 |
It's surely only a matter of time before we move higher . Don't understand the selling after posting such good figures, just doesn't make sense to me. |
Where have all the regular posters gone - sold out and no longer interested?
Good bounce back this morning. Getting close to recent high. |
It's possible that the market has got wind of a big holder wanting to cash in their chips after the recent rise to nearly 40p. |
very surprised to see the drop here especially with all the buys this afternon ? |
Disappointing performance still far after yesterdays results. Hopefully should consolidate and move higher. |
With the price back at 35P bid, it's another example of never second guessing where the market will take an share price |
Interview with Mark segal proactive investor |
Getting closer and closer to 40p. |
This share really is under the radar in my opinion, debt free, relative fixed cost model with a pipeline of territories wanting Slingo and Space Invaders. The possibility for incremental increases in my opinion are significant. I feel GMR should be up around 45p, hopefully the market agrees? |
Anyone else think a PER of low 20's is about right at this moment in time for this company? |
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