New Dutch client Hommerson casino live with most of the Slingo suite. Physical casino operator looking to grow their online presence.https://www.hommerson.nl/ |
New game Press your luck ready to go live.This is it in demo mode in 777.com. Should be a winner in the US where the tv show still plays as well as in the UK, elsewhere who knows.https://www.slots-777.com/games/slot/slingo-originals/slingo-press-your-luck |
Correction unintentionally misogynistic, big girls too with Bet365. Sorry Denise. Let's hope a foot in the door for Slingo out of this. |
All the big boys registering for Brazil as it opens up to regulated igaming. A few of GMRs bigger clients now in the list, like Betfair.Registrations close Tuesday, live 1 Jan 25.https://igamingbrazil.com/en/aposta-ganha-en/2024/08/15/segment-giants-aposta-ganha-and-bet365-request-authorization-to-operate-in-brazil/ |
Is this breaking out?
I've had my finger on the "sell" trigger several times but happy to have held on.
HY '24 earnings on Sept 10th, P/E falling fast, estimated @ 15.5 for 2024 & 12 for 2025. |
Looking strong ahead of the weekend DYOR |
Gaming realms gets a positive mention on paul scott small cap report podcast
Around the 31 minutes mark today |
following their registration at Companies House, the Capital Reduction has become effective to enable the Company, as it wishes, to pay Shareholders dividends or to be used for other valid corporate purposes, such as the purchase of its own shares. There is no present intention to undertake any dividend or share buyback programme. |
 Gaming Realms, a leading provider of mobile-focused gaming content, has renewed its Rainbow Riches licensing deal with Light & Wonder, extending the parties’ already successful collaboration.
The award-winning game Slingo Rainbow Riches, a reimagining of Light & Wonder’s legendary hit, has become a leading title for Gaming Realms in the UK. Simultaneously providing mechanics and aesthetics attributed to the original release, the title transforms the slot format to align with the Slingo genre, offering players a fresh gameplay experience.
The renewed licence provides the option for Gaming Realms to create another Slingo iteration from Light & Wonder’s ever-popular slot brand. Extending the agreement will take the licensing deal in excess of a decade, which is testament to the game’s success in the UK market and Gaming Realms’ proficiency for creating successful slots from established IPs.
Gareth Scott, Chief Commercial Officer at Gaming Realms, said: “Extending our relationship with Light & Wonder is testament to the continued trust it has shown Gaming Realms to bring the iconic IP Rainbow Riches to an additional gaming vertical, with our Slingo iteration. Furthermore, we’re thrilled to be building upon this success and now have the option to create a second Slingo title with the property.” |
the adjusted EBITDA* for H1 2024 increased by over 45% year-on-year.Shares up 5%. Strange market |
Well these did hit .45p some time ago on much less revenue and profit so i agree there is hoefully some upside to go. |
Still feels pretty undervalued. Good growth and cash gen |
Agree it is very mushroom here for the PIs. Pretty much only LinkedIn. I keep an eye on the trademark expansion and hirings and the general vibe in the US which ain't much to go on. |
Fair enough Peterrr i would be happy for them to spend the money on more expansion but i wish they would just spell out their future intentions. |
Should add Brazil fast track igaming legislation being introduced to parliament next week with a start date of 1 Jan 25. |
Standardised igaming legislation has been prepared in the US and there is push from those who think they are now missing out on tax revenue. I would prefer they hang on to the cash and fund the US and Brazil expansions when the time comes. |
Divvi please! |
Suppose the big question is is what will they do with all that cash. |
Can't complain about that. Strong cash flow positive on AIM you can pretty much count on one hand. |
Gaming Realms Plc
("Gaming Realms", the "Company" or the "Group")
Pre-Close Trading Update
H1 2024 Revenue and EBITDA growth of 18% and 21% respectively, driven by growth in content licensing and market expansion
Gaming Realms plc (AIM: GMR), the developer and licensor of mobile-focused gaming content, announces a pre-close trading update for the half-year ending 30 June 2024 ("H1 2024" or "the Period").
The Company is pleased to report expected H1 2024 revenue of approximately £13.5 million and adjusted EBITDA* of approximately £5.8 million, reflecting year-on-year increases of 18% and 21%, respectively. Excluding brand licensing from the first half numbers, where there was a £600,000 one-off item in H1 2023, the adjusted EBITDA* for H1 2024 increased by over 45% year-on-year.
This robust performance was driven by the Group's core content licensing business whose revenues grew 28% year-on-year, and where the Company strengthened its market presence by partnering with 22 new clients and launching 7 new Slingo games.
In North America, highlights included the launch of the Slingo portfolio with Fanduel in Pennsylvania and Connecticut, Atlantic Lottery Corporation (Canadian Maritime Provincial Lottery) and also Fanatics in New Jersey, Michigan and Pennsylvania.
In Europe, Slingo went live with Pokerstars in Italy and Romania, DAZN in the UK and Spain, Livescore in the Netherlands, Solverde in Portugal, VirginBet in the UK and Entain in Spain.
The strong momentum experienced during this period provides the Board with the belief that the Company is on track to meet its full-year targets, as it continues to expand into new markets and launch new games with existing partners.
The Company expects to announce its 2024 Interim Results during the week commencing 9 September 2024.
Mark Segal, Chief Executive Officer of Gaming Realms, commented: "We are delighted with our strong performance in the first half of 2024, driven by the growth in our core content licensing business. Our expansion into new markets and the successful launch of new games with new and existing partners underscore the strength of our strategy. Looking ahead, we are confident in our ability to maintain this momentum and meet our full-year targets." |
I expect an update on Brazil before the end of August with a 20 Aug cut-off, noting there are high barriers to foreign companies and some unresolved issues, the main one being they have to attest to compliance with a pile of technical regulations including profit share that are not yet in place. Penalties are huge. Also the license fee is high and there will be plenty of local competition who don't have to jump through so many hoops.Slingo was trademarked in Brazil in 2023, so they will be ready to roll for a 2025 start if they can meet the application tests and the ROI stacks up. Hopefully a very profitable opportunity. |
Source Armchair Trader interview with Mark Segal
Stuart Fieldhouse: What do you think have been the main drivers of growth for Gaming Realms as a company over the last couple of years?
Mark Segal: Gaming Realms has experienced a compound growth of 36% from 2019 to 2023. This is led by growth in its content licensing business – stemming from three key areas:
International expansion – especially in the US and European regulated markets
Onboarding new content distributors, operators and licensors
Further penetration with existing distributors and operators driven by the launch of new games
This business is high margin and we have been able to consistently grow our revenues, EBITDA and cash flow over this period.
Stuart Fieldhouse: Can you provide those who don’t know it with some idea of what Slingo is and how important it has been to the Gaming Realms story?
Mark Segal: Slingo is a unique and very valuable IP in the gaming market, combining both bingo and slot games. Originating almost 30 years ago in New Jersey, the product has a rich heritage in the lottery vertical, social games space and also in physical slot machines in the US. Gaming Realms acquired the IP in 2015 and introduced it and the game format to the regulated igaming market.
This unique format has allowed us to licence well known IPs such as Shark Week and Deal or No Deal, as well as best in class slot titles from the largest games studios such as Evolution, IGT, Light and Wonder. On top of this, in 2023, we licensed and launched Slingo versions of the iconic games Space Invaders and Tetris.
These brands allow us to attract more players to the Slingo portfolio. Due to its unique format and strong brand, we are able to stand out in a highly competitive market.
Stuart Fieldhouse: How do you see the ongoing gaming regulatory story in the US playing out, and how will Gaming Realms stand to benefit from that?
Mark Segal: As more US states regulate online gaming, Gaming Realms will be well-positioned to expand further into these markets. We are already collaborating with the largest operators in the US, have integrations into their technology and an audience who loves our portfolio of games. We know how to obtain licences and launch into new markets and we see the US as a big opportunity for enhanced growth.
This, however, is not our only focus. We are also exploring the opportunity to bring more unique games to our partners in all markets as well as look for new opportunities in regions such as Canada, South Africa, Greece and Portugal. Additionally, Brazil is also in the process of regulating igaming and we expect this to be a substantial new market for Gaming Realms to enter in the near future.
Stuart Fieldhouse: What do you look for in new products and IP that could succeed in the global gaming market?
Mark Segal: We are always seeking unique mechanics to add into our games, allowing us to offer something new and engaging to players. Licensing popular IP allows us to innovate within the Slingo format as well as enhance our marketing. Examples include Slingo Tetris and Slingo Space Invaders, which have successfully attracted new players.
More recently, we have been looking at other types of games in the market and have started distributing two innovative slot studios into the US market. We have very strong distribution in the US and close relationships with our partners. So, we are now seeing if we can generate more scale through different types of games.
Stuart Fieldhouse: What do you look for from a successful partner in international gaming markets?
Mark Segal: We now work with over 200 igaming sites in regulated international markets. We always partner with regulated operators and those who see the value in Slingo and our games. We see how operators can really drive traffic to their sites with Slingo, and effectively cross-sell from their other offerings, such as sports betting, with the use of Slingo.
Stuart Fieldhouse: Do you think AI technology advances could change the way this sector functions and do you have any plans afoot to capitalise on this?
Mark Segal: The integration of AI in the online gambling market and casino game studios can lead to more secure, engaging, and personalised gaming experiences, attracting a wider audience and increasing player retention. It can also streamline operations, reduce costs, and enable the development of innovative game features that keep the market competitive and exciting. The future will tell exactly how much of a game changer it will be but we are of course, like tech companies in all sectors, evaluating the advantages AI can bring.
Stuart Fieldhouse: What’s your overall forecast for growth of the online gaming market in the next five years?
Mark Segal: This very much depends on how many US states decide to regulate igaming over the next five years. If some large states open up in this period, then the growth in the US alone can be c. 400%-500%. The more mature European markets have smaller growth, but we feel our product offering can gain market share in these regions.
Additionally, new markets such as Brazil, which are on the cusp of regulation, present exciting opportunities for substantial growth. |
Gaming Realms expands Dutch presence with hardrockcasino.nl
Gaming Realms, a leading provider of mobile-focused gaming content has increased its foothold in the Netherlands following a partnership with the emerging operator hardrockcasino.nl, whom operates under a brand license agreement of Hard Rock Digital As the new operator launches, a selection of Gaming Realms’ popular games will be available to players, including recent hits |
May and June update from GMR
Gaming Realms’ popular game, Tetris Slingo won silver in the Games Licenced Content Category at the Casino Beats Awards and at the end of June, Gaming Realms also won Aim Market Company of the Year in the Online Money Awards 2024. Both these awards are testament to the hard work of the whole Gaming Realms team.
Congratulations also go to Nicola Buckingham, Account Manager at Gaming Realms who won the B2B Excellence Award at the Women in Gaming Awards. Other colleagues have been busy, with Gaming Realms’ Head of Human Resources, Claire Ward, taking part in a roundtable discussion on igaming recruitment. Suki Sandhu, Chief Product Officer also took part in a roundtable with European Gaming media on new mechanics within the industry. Finally, Ian Robson, Commercial Account Manager, was featured in Gaming International Online, discussing Slingo’s growth in US markets.
Gaming Realms also proudly sponsored the American Cancer Society’s 46th Annual Jersey Shore Golf Classic in the US. Over its 45-year history, this event has raised more than $6 million for the Society’s programs and services and the Company was delighted to be able to contribute to yet another successful American Cancer Society event.
Games
Gaming Realms celebrated Day of the Dead, with the launch of Slingo Day of the Dab whilst in June, to kick off the Euro’s, Gaming Realms launched Slingoooal Championships to give football fans a chance to get in on the action and score the ultimate prize. During this period, the Company also extended its agreements with Slingo Deal or No Deal and Slingo Rainbow Riches.
Operators and Market Expansion
In the USA, the Company launched with Fanatics in New Jersey and Pennsylvania, with Mohegan Sun in Connecticut, and with dingdingding.com. In Canada, it went live with Atlantic Lottery, whilst in Mexico it went live with Luckia. In Europe, Gaming Realms launched with Netbet in Denmark and Unibet in Romania. |
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