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Gaming Realms offers ‘familiar yet transformative’; slots via 4ThePlayer
November 6, 2023
Gaming Realms has bolstered its third-party content offering after gaining two “captivating” slot releases from 4ThePlayer.
Looking to offer an “amazing variety” of slot releases, 4ThePlayer’s two most recent releases – 4 Fantastic Lobsters and 1k Yeti – will become available to Gaming Realms’ roster of operator partners.
Craig Falciglia, Director of Business Development North America at Gaming Realms, stated: “Both of these titles provide amazing variety within their mechanics to excite existing players of both series, whilst simultaneously fostering the aesthetic charm of the original releases to create familiar yet transformative slot experiences.
“We highly value our partnership with 4ThePlayer which allows us to differentiate our offering, appealing to an even wider audience.”
The two 4ThePlayer slot titles will become available through Gaming Realms curated content offering, appearing alongside the company’s own proprietary Slingo titles, such as Slingo Space Invaders and Slingo Tetris.
While 4 Fantastic Lobsters works as a fishing-themed slot using the studio’s Money Ways mechanic to offer cash lobster prizes, 1k Yeti showcases low volatility gameplay to ‘address market demand for less volatile traditional line slots’.
The latter title also offers a seasonal aspect, as in the months surrounding Christmas the game’s yeti character will sport a Santa hat, while also wearing Thanksgiving and Independence Day hats around those respective holidays.
Henry McLean, Co-Founder, Commercial and Marketing Director at 4ThePlayer, added: “4 Fantastic Lobsters and 1k Yeti are testament to our commitment to player-centric design. We’ve learned from, and leveraged our past successes, to deliver games that are not only captivating but also resonate with what our players really want.
“From the depths of the ocean to the peaks of the Himalayas, we can’t wait for players to dive in and climb high.” |
I bought c. 5 yrs ago in the 'teens so selling half in the 40s was disciplined.
Might buy back,..... but in this market? Hmmmm. |
Perhaps followers of SCSW are taking some profits which they advised to do in their latest issue. |
Extremely surprised by the action, all the news out is very positive can only think that a holder has decided to liquidate on the basis they feel that they will have to wait until next year for a move much higher. My belief is that this should be a 55/60p target. |
continued shareprice weakness here despite all the positivity. Anyone buying anymore ? Target price ? |
Gaming Realms names Inspired’s Sandhu as new product chief
9th October 2023 | By Robert Fletcher
Gaming Realms has appointed Suki Sandhu, formerly of Inspired Entertainment, as its new chief product officer.
Sandhu will oversee games development at Gaming Realms, including the introduction of new concepts and elements to its content.
He joins the developer from Inspired, where he spent the last two years as product director for igaming. Prior to this, he was product director at WynnBet and head of games at both Roxor Gaming and Gamesys.
Sandhu also had an earlier spell at Inspired as product director for the UK market. His other experience includes spells at Digital Works Consulting, IGT, PartyGaming, AOL and Yell.
“I am delighted to join Gaming Realms,” Sandhu said. “I’m really looking forward to working with the management, our internal and external studios and product teams to build creative games and mechanics to grow the Slingo brand and explore complementary innovative concepts which can help further boost the Gaming Realms business.
“I have a passion for product and the igaming industry and Gaming Realms share a similar desire to make a positive impact in the market.
Gaming Realms CEO Mark Segal added: “We are thrilled to welcome Suki to the Gaming Realms team. With his expertise and skills, we will be able to level up our existing product offering and provide players around the world with even more engaging and entertaining gaming experiences as we look to build on our recent success.” |
Canaccord after interims:
We leave headline revenue and profit forecasts unchanged at this stage. We forecast FY23E adjusted EBITDA (ex SBP) of £10.1m, growth of 30% yoy with a margin of 44%. We expect cash balances to increase to c.£8m, despite increased capex spend on new game content, reflecting strong free cash flow generation.
GMR trades on a CY23E EV/EBITDA multiple of 9.8x, falling to 7.1x in CY24E which we think is too low given the forecast growth and increasing North American exposure (45% of Content Licensing revenues/34% of Group in FY22). We retain our BUY rating and 50p TP (c.14x CY23E EV/EBITDA) |
Just watched and everything looks positive for continued growth as they move into more markets and as more US states become regulated.
From my my very rough figures if the 1st half profit growth of 75% continues into the second half the eps would be 2.2p giving a PE of under 16 and for a rapidly growing share that would suggest a much lower fwd PE.
Has anyone seen profits any recent profits/eps forecasts? |
Thanks epicsurf I am surprised the recording is still not available through the Investor Meet site! |
Presentation is accessible via gaming realms website under news |
Me too . Hasn't hada positive effect on the shareprice which is strangely weak atmo. |
Sadly I missed it - well hacked off |
Any news from todays presentation ? |
Thanks epicsurf |
would have expected a surge in the shareprice. Not happened so far ! |
Article in daily mail today basically transfered from proactive investor
So not new hopefully will raise the profile |
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 ? |
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