aftertimer |
Exited this at 40.5p but keep tabs at a re entry point. I wasn’t too enthused by the investor presentation and video awhile back particularly the plans or should I say no plans for the cash pile. I also didn’t like the reliance on Slingo. It would of been nice to hear how they plan to leverage its popularity and resulting income with future diversification.
Sitting and watching but always aware it only takes one RNS detailing an offer to send this upwards. All the best |
Market Expansion
We are pleased to announce we have expanded with Luckia in Mexico! 🇲🇽
Source LinkedIn |
Alberta’s administration is to follow fellow Canadian province Ontario’s blueprint by launching a regulated online gambling market.No timescale provided
A smaller market to Ontario.
Also We are delighted to now be live in Portugal with Solverde.pt!
Source LinkedIn 🇵🇹 |
Resolution 5
The Company is seeking general shareholder authority by way of special resolution to give the Directors of the Company authority to allot Shares for cash without first offering them to existing shareholders on a pro-rata basis up to an aggregate number of 14,738,822which represents approximately 5 per cent. of the Company's issued share capital at the date of this AGM Notice.
So nearly £6 million give or take not short on money to fund growth
A acquisition maybe ? Or I interpreting this wrong |
So for my knowledge, not passing the resolution means a third party can't come in and snaffle the cash pile?What does it mean in terms of any future capital raise?DbD :-) |
Definitely interesting resolution
When the cash pile is growing
Disapplying pre-emption rights
Unless the articles or shareholders’ agreement contains provisions to the contrary, companies can disapply pre-emption rights in certain situations by passing a board resolution or a special resolution of the shareholders at a general meeting – this requires 75% approval from shareholders who are entitled to vote, either in person or by proxy. Companies may choose to do this to raise capital from third-party investors. Importantly, this is a regular request on the AGM agenda for UK listed companies and is split into two resolutions, a resolution for an unrestricted authority and a resolution for authority specific to acquisitions or a specified capital investment only. |
Nice one
Resolution 5 related to the disapplication of pre-emption rights and did not achieve the 75% majority required as a special resolution and so did not pass. The Board confirms that it will consult and engage with the relevant shareholders to understand and discuss their views. |
Thanks gipps |
Good article on Motley Fool today |
4theplayer
We are delighted to share that we have been approved for a license by the Pennsylvania Gaming Control Board! 🎉
Pennsylvania is the fourth market, following New Jersey, Michigan, and Connecticut, to license our player-centric and entertainment-focused games.
Top-performing titles such as 4 Fantastic lobsters and 9k Yeti will soon be available in Pennsylvania via our platform partner Gaming Realms 😎 |
Market expansion
We are thrilled to now be live in both Spain 🇪🇸 and Netherlands 🇳🇱 with Casino777!
Source LinkedIn |
Tiny volumes |
Something is going on here. When GG announced their IPO, suddenly GMR shares went to 42. GG pulled out from their IPO in New York, and now all of a sudden shares are dropping under 40. Maybe it's a coincidence? |
Have the huge purchases around 4 years back @ circa 10p finally been cleared? No volume so the persistent overhang selling stopped any move up dead at 35ish. Interesting |
Up on big volume is very encouraging. Lets hope this breaks out to new highs next week. |
Have bought a few, looks a fascinating graph, either market buying into delivery, or takeover IMO! DYOR |
Well these were at 45p some time ago when they were earning much less money than they are today. |
Given the rapid growth this should be alot more than 10x |
The postive move continues. Id argue this is only just reaching the level where it deserves to be.
Using £13.5m adjusted Ebitda for 2024 and 12x gives us around 54p share price.
Even at 10x its 45p and that is far from demanding given the groweth rate.
Good volume recently is always good to see as sellers are getting accomodated. |
Nice volume today and a couple of chunky late buys |
 NetBet Denmark has agreed a deal with iGaming supplier Gaming Realms.
Gaming Realms develops, publishes and licenses mobile gaming content with a variety of games in its portfolio, with its Slingo games said to be some of the more popular ones among its players.
A Slingo game is an online single and multi-player game that combines elements of slots and bingo.
Through this deal, NetBet Denmark players will be able to participate in a range of games from the developer, including Slingo Rainbow Riches, Slingo XXXtreme and Slingo Centurion, as well as other games of different formats.
Prior to this, last month alone saw NetBet significantly expand its presence in Denmark.
In the region, it agreed deals with Amusnet Gaming, G Games, Nolimit City, Play’n Go, Stakelogic, Wazdan, Habanero and Pragmatic Play.
NetBet Denmark’s PR Manager Claudia Georgevici said: "At NetBet, we understand that Slingo games are incredibly popular with our players. That’s why we aim to provide them with the widest possible range of these games, so there’s always something new for them to enjoy.
“Gaming Realms have an excellent range of Slingo titles and have established themselves as an influential figure in online gaming, which makes them the perfect partner for a mutually beneficial and productive relationship."
In other partnership news this week, Kambi Group has agreed a long-term on-property sportsbook deal with Mohegan to provide its sportsbook at two retail locations in Pennsylvania.
Gaming Realms has had a busy March and April. At the beginning of the period, the Company’s commercial team attended Enada, a gaming exhibition in Italy, where the team enjoyed networking with other industry experts. Gareth Scott, the Company’s Chief Commercial Officer, also attended SIGMA America’s in Brazil. Additionally, in March, Gaming Realms hosted a ‘lunch and learn’ to celebrate International Women’s’ Day. Continuing to champion women, Gaming Realms’ regional account manager, Mariachiara Lagravinese interviewed with both Gioconews and Gaming Intelligence. The Company have also seen four employees nominated for Women in Gaming Awards.
At the beginning of April, the Company announced its Annual Results for 2023, which saw a 26% increase in revenue and coverage of these positive results was published in the Independent, Proactive Investors and iGaming Business.
The last few months have also been full of exciting award nominations for the whole team including being shortlisted for Casino Content Supplier of the Year at the Italian Gaming Awards 2024, Gaming Licensed Content and Game Retro Style at the Casinobeats Game Developer Awards and Mobile Supplier at the EGR B2B Awards.
Games
Gaming Realms was off to the races in early April with the launch of Slingo Constitution Hill to celebrate this year’s Grand National. Also in April, the Company launched Slingo Gold Cash Freespins. Finally, Gaming Realms went live with Slingo Capital Gains. This new game offers a blend of the popular AGS slot Capital Gains, paired with Slingo’s famous format, giving players an exciting fusion of cash prizes, bonus rounds and big jackpots.
Operators and Market Expansion
In Europe, the Company has gone live in Spain with Casino777, Casino Barcelona and Bettson Spain and with WINNITT in the Netherlands. In the UK Gaming Realms has gone live with Benconstruct and with DAZN which also went live in Spain during this period.
Over in the USA, the Company went live with Fanduel and Mohegan Sun in Pennsylvania whilst over in Michigan Gaming Realms went live with Fanatics. |
Lol only just opened Shares mag amd there it is :-)Tough day on site today :-)DbD |
Thanks Epic .DbD :-) |
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