We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
https://twitter.com/Share_Talk/status/1540673448657055749?s=20&t=-zQwRkVy1IwE7N7I2COwpA
Next, we move on to the gaming industry and #GMR and #BIDS Gaming Realms saw a 14% increase in revenue to 25.175p. Bidstack’s clever technology, which inserts non-obtrusive advertisements into computer games, saw a 12.5% increase to 2.7p
https://www.share-talk.com/share-talk-weekly-small-cap-movers-shakers-saturday-25th-june-2022/
TruroTrader — I quite agree with your logic . I am still buying and topping up with dividend payments from other shares
I was curious how much the license would cost, so looked it up $2000.00 annually, though it would be more. Wagering license $20,000!
Sec. 6. (NEW) (Effective July 1, 2021) (a) No online gaming service provider shall provide goods or services to, or otherwise transact business related to Internet games or retail sports wagering with, a master wagering licensee or a licensed online gaming operator, sports wagering retailer or online gaming service provider in the state without a license from the department, if such a license is required under the provisions of subsection (b) of this section. An online gaming service provider shall apply for a license on a form and in a manner prescribed by the commissioner. Such license shall be renewed annually. The initial application fee for an online gaming service provider license shall be two thousand dollars and the annual renewal fee shall be two thousand dollars.
Good June so far. Three new agreements this month - can only add to next years revenue. As already mentioned we have a low cost base that is already covered and profits are assured. Roll on the half year update - got to be very good!
:-)
Gaming Realms Plc
("Gaming Realms", the "Company" or the "Group")
Gaming Realms granted Online Gaming Service Provider Licence in U.S. State of Connecticut
Gaming Realms plc (AIM: GMR), the developer and licensor of mobile focused gaming content, is pleased to announce that it has been awarded an Online Gaming Service Provider licence by the Connecticut's Department of Consumer Protection, making it the fourth US State where the Group is licensed.
DraftKings and FanDuel, both of whom have multi state deals and direct integrations with Gaming Realms, are already operating in Connecticut. The Company expects its Slingo content to go live in the state with these operators by the end of 2022, once final certifications are completed.
Michael Buckley, Executive Chairman of Gaming Realms, commented: "We are delighted to have been granted an Online Gaming Service Provider licence in Connecticut, which now sees Gaming Realms licenced in the US's four largest states for iGaming, as well as in Ontario, Canada.
"The Company's strategy to sign multi-state deals and direct integration agreements with some of the largest operators in the U.S has also put us in a stronger position for our Slingo content to go live in a shorter time frame and to capitalise on market growth as more states look to regulate iGaming.
"The Company's expansion outside of North America is progressing as expected, and our Slingo games have recently gone live in Italy with Lottomatica, which is that country's largest operator."
Stingersplash, apologies I'm going from memory as I can't be bothered to find the article, but GMR recently stated that because new contracts incur very little extra costs new business has a gross profit margin of about 70% against 40% up until now, so all new business will give a bigger hit to the bottom line. (Just to re-state I'm going from memory so the actual percentages may be a few points away from what I've stated) but it means with new markets being moved into the bottom line could grow very quickly. I seriously don't understand the valuation of GMR in the mid 20s and make them a strong buy.
Soft2Bet has partnered with online slots provider Gaming Realms in a move that will ‘enhance the provider’s offering and give its player base a broader choice of games’.
Under the terms of the agreement, Soft2Bet has integrated Gaming Realms’ Slingo content to its portfolio of brands, including a variety of titles such as Slingo Starburst and Slingo Sweet Bonanza.
“We’re delighted to have reached an agreement with Gaming Realms,” highlighted Daniel Mitton, Director of gaming at Soft2Bet. “This partnership allows us to significantly elevate our product offering and provide players with even more amazing content.
“Gaming Realms offers an impressive assortment of games, with its innovative and unique Slingo IP at the heart of the offering – combining the finest aspects of slots and bingo.”
B2B provider Relax Gaming led the integration of Slingo games onto Soft2Bet’s platform, which is now complete, ensuring the games suite is now live across the brands.
Mouhcine Jalili, Head of Business Partnerships at Gaming Realms, added: “We’re excited to have agreed a partnership with Soft2Bet, a platform that already has an established and dedicated player base, allowing us to expand our player reach.
“The Soft2Bet platform represents access to another market leading operator with international presence, collaboration with Daniel and the team we’re hopeful of expanding the partnership in the near future.”
Some large sellers why
Today's largest buy is the only buy!!!! Shares seem very cheap at these levels though.
32 Red Tv ad on Sky Sports promoting Slingo only.Must be doing the numbers.Will take some months yet I think before the Ontario figures start to come through.
"2021 fiscal year, iSoftBet generated revenue of approximately 30 million euros and EBITDA of around 8 million euros. The company has approximately 350 employees and contractors." from https://www.nasdaq.com/articles/international-game-technology-to-acquire-isoftbet-in-eur-160-mln-cash-deal
GMR has 6.7m euro in ebita and revenue of 17.30 Euro, from only 57 games (I think isoftbet is around 125) and 62 full time staff.
Even ignoring the popularity of the slingo game format, just comparing them as 2 slots providers I think GMR looks very good against the isoftbet valuation.
At 1229 today there was a 'buy' of 150k shares at 27p. Not a huge number I realise, but in the light of trades over recent days it stands out. I know no more than that.
Good to see that we have joined yet another operator in Spain... hopefully onwards and upwards (crikey, how many times have I thought that over the years!!!)
Source linkedin
We’re pleased to announce that our Slingo games catalog is now live with yet another operator in Spain - Luckia! This launch was through our partners at Light & Wonder. Thanks to Sergio Muñoz Vera, Ibai Goikoetxea Peña, and everyone who worked on sharing the Slingo magic with even more players
Link to mark segal interview
Https://peelhunttravelandleisure.gallery.video/240522
Hi Stinger, don't know anything about ISoftbet so don't know how the comparison works. There's a 21 minute interview on the investor section of GMR's website with Peel Hunt. GMR's cost base is now largely fixed and Slingo is starting to became a games category in it's own right and we own it completely. This is a company still on the start of a journey and the SP reflects the potential. In the last 3/4 years the company has refocused on it's strengths and all it's metrics are upwards. The profit last year was actually 1.25 Mill with rising revenue and largely fixed costs. Add in new territories, new games both Slingo and non Slingo (12 this year) plus new operators and licensees and continued development in 'old' markets and the growth here could be exponential. In 2/3 years a MC of 80 Mill will could well be trebled or more as the bottom line grows because there is little to hold it back.
https://igamingbusiness.com/igt-agrees-to-acquire-isoftbet-for-e160m/
ISoftbet selling for 160M on annual profit of 8M. 20x multiple.
GMR market cap of 80M on annual profit of 1M. 80x multiple.
GMR share price seems inflated.
BetMGM has launched its Detroit Red Wings Slingo at BetMGM Casino in Michigan, a title that leverages branding from the hockey franchise.
Coming off the back of a multi-year partnership between BetMGM and the Detroit Red Wings signed in October 2020, the game – which was built with BetMGM partner Gaming Realms – uses the traditional 75-ball Slingo format to allow players to match numbers on the five-by-five grid and move up the pay ladder.
“Detroit Red Wings Slingo appeals to die-hard fans of this great and historic hockey franchise, and we’re glad to be able to connect our players in Michigan to their favourite team,” remarked Oliver Bartlett, Director of Gaming at BetMGM.
“Thanks to our great partners in the Red Wings and Gaming Realms, we’ve added this exclusive Slingo experience to our market-leading portfolio of more than 500 games.”
The deal between the sports betting and igaming operator and the Red Wings includes an on-ice BetMGM logo at Little Caesars Arena, venue signage, fan promotions and a sponsored presence on the team’s digital platforms.
Additionally, through the BetMGM Stats Module on the District Detroit mobile app, fans and bettors receive the latest odds and player statistics.
Craig Falciglia, Director of Business Development at Gaming Realms, added: “We are delighted to continue our partnership with BetMGM and to build upon the momentum we’ve created in Michigan, the second state to offer our games.
“We look forward to working with BetMGM to welcome Red Wings fans to our Slingo games.”
Popped in a few today.
This looks interesting. Will be digging deeper into this one.
... always good when directors buy....
Gaming Realms announces that it was notified by Michael Buckley, Executive Chairman, that he purchased 100,000 ordinary shares of 10p each in the Company ("Ordinary Shares") at a price of 27p each. Following this purchase, Michael Buckley has a beneficial interest in 26,700,000 Ordinary Shares representing 9.14% of the Company's issued share capital.
The Company has also been notified by Mark Blandford, Non-Executive Director, that he purchased 416,777 Ordinary Shares at an average price of 25.81p each. Following this purchase, Mark Blandford has a beneficial interest in 10,829,418 Ordinary Shares representing 3.71% of the Company's issued share capital
... hopefully we shall move upwards to where we belong soon.
Keep an eye open for the Ontario figures for April starting to appear in the coming weeks from the big operators.
When funds allow I’m also going to increase here. Target under 25p to add.
In the past this has had a fluctuating SP and I have been lucky in extracting my original stake and still have (for me) a decent holding. With a stable low cost base and an extremely visible increasing revenue stream, even if (unimaginably) no new revenue streams happen - we will still break into profit from our current deals anyway. What's not to like?
Loads of good news yet somebody reckons it is the time to get out. What do they know that we don't ?
A good set of results and a lot of future upside but I guess people fed up waiting. Must admit I’ve been thinking the same but feels like a corner turned now and need to hold a bit longer for it to come good (not too much longer though hopefully)