Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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http://www.alignresearch.co.uk/gaming-realms/gaming-realms-ontario-licence-granted/
Gaming Realms, the creator and licensor of innovative games for mobile, has continued its international expansion with the award of an iGaming Supplier licence in Ontario, Canada. Subsidiary Alchemybet Limited will now be able to supply the company’s Slingo Originals game content within the province upon opening of the regulated iGaming market on 4th April this year, with preparations for this being made.
Gaming Realms’ flagged its proposed entry into Ontario in its interim results last year and attracted attention with the statement that Ontario, …“has the potential to be a bigger market for Gaming Realms than any one of the U.S. states that have regulated so far”. With a population of 15 million Ontario is larger than any state within the U.S. that is currently licensed for iGaming. The company believes it is reasonable to expect that revenues will be higher than New Jersey, Michigan or Pennsylvania, the U.S. states where it is currently supplying its Slingo Originals content.
Gaming Realms also added a brief statement on current trading, stating that 2022 has started well, with revenues in excess of management’s expectations.
ASSESSMENT
Another good development from Gaming Realms as its continues with its strategy to gain operating licences in new territories worldwide and bring its Slingo content to new audiences. It follows; entry into the regulated Romanian iGaming market last November through a partnership agreement with Superbet; going live with games in the newly regulated Dutch market in December under the Jack’s Casino and Sports brand and; entry this year into the regulated Spanish market with long-term partner Gamesys under its Monopoly and Botamania brands.
As mentioned, Ontario is a potentially huge market for iGaming. A recent report from analysts at VIXIO GamblingCompliance suggested that the Ontario online market will see gross gaming revenue of C$3.27 billion (US$2.6 billion) by its fifth year of operation in 2026. That would make it the third-largest regulated online market in North America behind the more mature U.S. markets of New Jersey and Pennsylvania.
We also welcome the comments on current trading, these coming a few weeks after Gaming Realms confirmed that results for 2021 are expected to be in line with market expectations. Revenues for the year are expected to be up by 27% at c.£14.5 million, with adjusted EBITDA up by 70% at c.£5.6 million as a result of continued growth in the core licensing business. For 2022 we are currently looking for revenues to grow to £20.8 million and EBITDA to £8 million but will review our forecasts when the full year results are released in the week commencing 25th April.
The markets have reacted well to the Ontario statement, sending Gaming Realms shares up by 17% to 28.5p. This follows the shares falling to a 14 month low of 22.5p amongst the current market malaise. However, they r
SOME CHUNKY BUYS
So three weeks until we hopefully get a Q1 update.
Gaming Realms plc (AIM: GMR), the developer and licensor of mobile focused gaming content, is pleased to announce that it officially launched its content in the Canadian province of Ontario on the first day its regulated gaming market opened on 4th April 2022.
Seven games from Gaming Realms' Slingo portfolio are now live in Ontario with Rush Street Interactive (BetRivers), Kindred and BetMGM. The Company expects that more of its content will be certified very soon and has agreements to go live with several other leading operators.
Michael Buckley, Executive Chairman of Gaming Realms, commented: "We have been looking forward to launching in Ontario once the market opened, and we are delighted that our content is now live in what will be one of the biggest markets for Gaming Realms in North America.
"With thirteen deals signed for Ontario, and many more in the pipeline, this expands and strengthens our global presence while bringing our hugely popular and innovative Slingo content to a new audience.
"Ontario has a population of about 15 million people, and with the recently announced deal with Loto-Québec, our games are now available to more than 20 million people in Canada."
Gaming Realms plc will announce its results for the year ended 31 December 2021 on Tuesday 26 April 2022.
Totally agree Alocasia , revenue currently ahead of expectations at the moment bodes well with Ontario coming on line In April can only see this increasing hopefully at the next interim a trading ahead of expectations would be most welcome if current trends persist
GMR also in India through their integration with Pariplay, although looks like just one game at the moment. Interesting to see how Q1 figures stack up and H1 should be really interesting with some Canada revenue in the mix. This has been such a horrendously slow burn, what with the change of business plan and everything, but with the cost base being mostly fixed, we must surely now be into the stage of consistently rising profits from good annual growth. I'm not sure just how big the profit margins are at the moment because there's been too many companies seeking to outdo each other on price to land grab customers as each new market has opened up. But with every M&A another competitor gets taken out until eventually we'll be left with a handful who should do very well indeed. Where we will end up fitting into all that is anyone's guess. All I know is that with every new market we enter, every new game we release, every new integration deal we sign, we are getting more and more valuable as a company. Just wish the SP would start reflecting that.
The future is a little up in the air I would say. Not to certain if the M & A amongst the big boys will come down to our level. I've said before that I would prefer to see just where this can go on it's own. The SP was at 40p a couple of years ago so there's room for an upside. I'm guessing that circa £15 Mill revenue would be a breakeven point so a good chance of profit this year. Doubtful if there will be a Divi this year unless it's just a token but possibly in the following 1st half? Anyway onwards and upwards.
Hopefully not long now until a maiden dividend too. I’ve been in this stock for almost a decade, got in at average 20p and holding a fair amount now so (adjusting for inflation) up a small amount. Their moonshot days are well behind them but it’s a good solid business now. Layering on revenue with fixed costs, no need to do any acquisitions and presumably building cash. Feels like this is (over)due to pay out a dividend which would surely help with the next chapter of the story for this company and attract some new, and less weary, investors to the mix.
Yes, it seems new business streams are continuing to come. I'm looking forward to a 1st quarter update as to be frank I was a little disappointed the 2nd half revenue last year only matched the 1st half. However, even so, revenue '21 doubled revenue '19 so it's not all bad! If revenue '22 doubles revenue '20 at £11.4 Mill then we are well on our way to next year Rodney! Well, maybe not to being millionaires but at least in profit!
Yes it looks like 2022 is shaping up nicely for GMR.
Great RNS today
16 operators & 8 suppliers (including Gaming Realms) ready to launch in Ontario on Monday.
And we should get a trading update when the FY Prelims are posted at end of April.
We are pleased to announce that we are going live with Bally's Interactive in New Jersey via a direct integration agreement! We would like to thank Kyriacos Kyriacou, Nick Wright, Brooke Hilton, Paul S., Jordan Palamar, Craig Falciglia, Davide Colosimo and everyone who worked on this launch coming together - we’re really excited to share Slingo with even more players in the United States!
Another new operator lauch
We're excited to announce that our Slingo games are now avilable with Eyas Gaming through our partners at SG - Digital! Thanks to Jack Anthony, Enrique Boedo, and everyone who worked on this launch.
Source linkedin
Innovative games developer 4ThePlayer announces their entry into the Romanian market in partnership with the market leading operator, Superbet.
The collaboration is a result of 4ThePlayer’s recently announced deal with Gaming Realms, which will see further distribution of 4ThePlayer’s top performing titles.
The first game to be released in Romania is 9k Yeti, to be followed by 6 Wild Sharks and 3 Secret Cities. All three games have proved player favourites since their launches in other markets.
Chris Ash, Business Development Director of 4ThePlayer.com, said: “Romania is a rapidly growing and exciting regulated market. We are delighted to be entering the market with the biggest operator, Superbet, and we look forward to Romanian players enjoying the 4ThePlayer experience!”
Establishing itself as the gaming industry’s leading ‘challenger brand game supplier’, 4ThePlayer continues to expand into key regulated markets in Europe and globally.
Blackjack X-change has won Top Performing Online Table Game at the fourth annual Eilers & Krejcik Gaming, LLC (EKG) Awards Show in Las Vegas! We are honoured to have won such a prestigious award, especially when up against such tough competition in our category with IGT and Evolution (NetEnt). Thank you to all those who voted for us and congratulations to all the other winners.
Little piece from proactive investor
Peel Hunt gives Gaming Realms big upside after Ontario approval
Broker gives group 140% upside after iGaming approval for appealing Ontario population
Peel Hunt has rated Gaming Realms PLC (AIM:GMR, OTCQX:PSDMF) as a buy following the online gambling company's granting of a license in Ontario, which boosted the group’s share price.
The broker said Ontario’s long winter nights and large, relatively wealthy population boded well for the gambling market in the state in advance of the opening of the regulated iGaming market on 4 April.
Peel Hunt pointed out Gamin Realm had existing commercial partnerships with most of the expected key players in the province, with revenue accumulated so far in 2022 running ahead of management expectations.
“Ontario has a relatively wealthy adult population of c.12m and long winter nights, which makes it a promising online casino gaming market,” the broker said.
The group’s shares were up more than 16% this morning as it was granted an iGaming licence for the Canadian province.
Peel Hunt gave Gaming Realms a price target o 60p, 140% upside on yesterday’s closing price.
“Our approval marks an important step in the group's growth trajectory as we focus on expanding and strengthening our global presence and bringing our hugely popular and innovative Slingo content to new audiences," Michael Buckley, executive chairperson, said this morning following the approval announcement.
"Ontario should be a bigger market for Gaming Realms than any of the US states that have regulated so far, so we are very excited to have been awarded our supplier license in this territory."
Shares in Gaming Realms were up 16.99% to 28.43p by 11:39 GMT this morning.
Glad to see the positive reaction I expected to the Ontario news and the revenues being in excess of management’s expectation.
Onwards and upwards!
Glad to see you’re still here, would have been a bummer if you had sold yesterday! Anyway 7 weeks to update.
All the best
Morbox, am starting to feel pleased I hung around....
Rugs, didn’t expect RNS today after my comment yesterday “Canada coming on line”. Good to see, and as TT has just said “maiden profit”, that will be a game changer, expansion and profits that’s what you want, “growth”.
Or a maiden dividend?
My thoughts as well Alocasia. Still, good to hear positive stuff in a sea of financial doom and gloom. Another record breaking revenue year due and a maiden profit to boot (hopefully)!
Pompal/Morbox
Thanks your comments. Much appreciated.
Alocasia today makes a good point, but am happy see a 10cpt rise in the price.