Yes how can this stay sub 40p. Crazy times. |
Hopefully get back in the 40 s now |
Big pop. Budget fears overblown |
The 5 year restriction on foreign operators entering the Swiss igaming market ends 31 December, after which licenses are issued on a tender call. The requirements are Swiss subsidiary or joint venture with a local operator plus ISO certification. GMR have a subsidiary in Geneva now and the ISO certification so you can expect a planned entry in 2025. |
 However, during a questions session in the House of Commons related to Culture, Media and Sport, Nandy appeared to downplay any speculation that the Government was going to carry out any such tax raid on the gambling industry.
When asked about the rumours, gambling reforms and the industry as a whole, she said: “(Dr Evans) should know, as we do, that you can’t believe everything that you read in the papers.
Hopefully Lisa is well informed I reserve judgement until after the budget
4theplayer
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No volume dumping yet but definitely a divestment bot working. You would expect a spike down when the tax and duty increase is announced and I'll hold back buying any more until then.License fee revenue is not on the table and all the growth was North America and Europe anyway, but maybe a corporate move to Dublin may help ring fence these profits from any future nasty tax grab. |
Clearly a seller around, but no TR1 for a long time. Any ideas ? |
The BC licence is important, there's a huge Chinese population in BC big gamblers |
Joined the party today, will be adding |
Yeah I saw that thanks epic hence still buying. Steady building market share outside the UK keeps de risking the stock from a home tax grab. |
Yes a reaction to to today's news plenty of gambling stocks have been hit
A interesting interview on slotwise.com
With gaming realms just type into search bar on site.
A Extract from the last paragraph below.
Furthermore, we’re excited to soon announce several new operator partnerships that will bring our titles to a wider audience than ever before. This influx of players will undoubtedly fuel our growth and solidify our position as a leading provider in the gaming industry.
It’s an exhilarating time to be part of Gaming Realms, and we’re thrilled to share this excitement with our dedicated fans.” |
Are you also "Brothersinarms" on Stocko? |
The tax on betting companies I suspect, although it seems an overreaction. Even if you assume all the UK/Isle of Man/Gibraltar revenues are for UK only consumption, that's still less than 25% of their revenues. Also, as they point out in their risk factors, the operator, and not GMR, pays the tax.
Having said that, I'm sure if the gaming duty doubles, there will be some discussions regarding sharing the pain when their licenses come up for renewal, but by then, it's likely to be an even smaller part of the business.
I've been adding at 33p. |
Reaction to the possible additional taxing of betting companies or just weakness and profit taking ? |
We know MNG is getting out, maybe anti gambling, maybe just all AIM derisking. The question is who has been mopping them up. No RNS but some pretty big buys during the weeks. |
Tempting here right on support |
I exited all IHT Aim holdings earlier this month except GMR |
Good to see some discussion on the board.
If GMR hit their eps target of 3.3p
That puts it on a forward p/e at just over 11 at today's price
No debt, and a growing cash pile |
Sorry should have noticed this has already been flagged by epic surf |
As if to emphasise here's another distribution agreement, this one using Gaming Realms platform to deliver content under license.https://www.gamingrealms.com/news/ |
Paul they are regularly releasing new product, entering new markets and expanding users in existing markets. I don't care what the board has or hasn't said the actions speak louder and eventually a bigger broker will pick this story up and run with it. In the meantime I add. |
sitting on all that cash - and no plan to do anything with it.
Board did not come across as having a future plan that they could elucidate. And as all are aware quite a bit of share price is based on future performance.
So until thye can put some meat on those bones then this is goig to hover areound the 40p mark |
I suspect it's AIM IHT related selloff. Although I doubt this is in many IHT portfolios, some investors are just selling all their AIM stocks as afraid of a big selloff after the budget. |
It doesn't make any sense,the company seems to be growing month on month generating cash Share Price should be in the Fifties in my opinion. Ideal opportunity to buy. |
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