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 :-) |
It didn't but shares a lot of the same principles for a GARP stock
An undemanding valuation
Turning to the rating, Gaming Realms looks relatively attractive. The PEG ratio – the price/earnings ratio divided by EPS growth – is the key metric on the GARP screen, and we use two variations on this. First is a two-year forward PEG ratio. Second is a blended PEG, which considers past and future earnings growth. Gaming Realms has a forward and blended PEG ratio of just 0.4 times.
Thank you shareideas1,
Headline from share magazine
Buy underappreciated Gaming Realms before the market recognises its true worth
Licensing revenue grew 20% year over year in the first two months of 2024
It's been quite noticeable recently that GMR is getting
More coverage from a variety of publications and online podcasts |
There is a two pager piece in the Shares Magazine today |
Out of interest did the article mention Zulu ?Thats why I bought the other week as it's the only one thats turned up on that filter for ages.DbD |
I don't have access to IC, but presume it was a positive article judging by the share price today. |
Couple of pieces
We are thrilled to have gone live with Casino Barcelona in Spain 🇪🇸
Also, quite a long write up in investors chronicle |
Doc Martens, many thanks for that info on the director stakes. I will report back when I have researched what average price the directors paid for their stakes - it will take me months to understand remuneration reports, share option incentive schemes, etc. and some of the information may not even be publicly available for all I know - especially founder member stakes obtained pre-IPO, I wonder. Yes it is easy to read RNSs on director stake purchases, but a thorough understanding of just how incentivised they are requires quite a bit of work. Yes, I knew about Mark Blandford's purchases at around 35p, a contributory reason to my purchase.
High operational gearing (a synonym for the "build once, sell many times" business model, perhaps because of the high proportion of fixed costs arising from the annual amortisation charge), high forward PE (about 20 at the time of my purchase, which was before the latest results) and the speculative risk rating are all good reasons to expect share price volatility (no excuse to grumble about it - goes with the territory) even if the general share price trend turns out to be broadly sideways for the next few months or even year, perhaps until the 2027 forecasts come out. AIMO. DYOR.
Thank you, Epicsurf. All your posts are informative. It is a very interesting business, albeit a new departure for me from the sort of businesses I normally invest in. It will be a great learning experience, and if I am lucky, a profitable one. We will see. |
April 4, 2024, 2:31 PM BST
An online gambling company has sued two former members of staff and its rival for allegedly plagiarizing copyrighted source code for its "Slingo" online betting game to produce several competing products
Haven't got access to Full article
And yes great post nobull |
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