Source - LSE Regulatory
RNS Number : 8380H
Gaming Realms PLC
08 December 2020
 

8 December 2020

Gaming Realms plc

("Gaming Realms", the "Company" or the "Group")

Trading Update

Gaming Realms plc, the technology led developer and licensor of mobile focused gaming content, today issues a trading statement ahead of its 31 December 2020 year end ("the Period").

Since updating the market on 8 September 2020 when publishing its interim results, the Company is pleased to report that business performance and sales momentum has continued the trend demonstrated throughout the first 8 months of this year. 

Revenues for the Period are expected to be £10.7m, 55% ahead of 2019. As a result of this increase in revenue, the Company expects adjusted EBITDA of not less than £2.75m for the year ended 31 December 2020.

This strong performance is due to the expansion of our partners internationally, the release of new "Slingo" games, and improvements to the Group's technology. In the second half of the Period, we have gone live with 5 new partners, including PaddyPower Betfair in Europe, and launched 4 new "Slingo" games including Slingo Fluffy Favourites.

The Company has applied for licenses in Pennsylvania and Michigan in the US and hopes to launch in these states during the first half of 2021. 

The Company is confident of achieving further progress during 2021 and will provide further updates on its progress in due course.

 

Gaming Realms plc 

Michael Buckley, Executive Chairman

Mark Segal, CFO

 

0845 123 3773

 


Peel Hunt LLP - NOMAD and broker 

George Sellar

Andrew Clark

Will Bell

 

020 7418 8900

Yellow Jersey PR

Charles Goodwin

Annabel Atkins

Georgia Colkin

 

 

07747 788 221

07983 557 851

07825 916 715

 

This announcement contains inside information within the meaning of the Market Abuse Regulation. The person responsible for arranging release of this announcement on behalf of Gaming Realms plc is Mark Segal, Chief Financial Officer.

 

About Gaming Realms

Gaming Realms creates and licenses innovative gaming content for mobile, with operations in the UK, U.S. and Canada. Through its proprietary IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. The Gaming Realms management team includes accomplished entrepreneurs and experienced executives from a wide range of leading technology, gaming and media companies.

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