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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)
dumping stock
Apologies forgot to add the last bit
Gaming Realms was awarded an iGaming Supplier license to supply games within the Canadian province of Ontario ahead of the opening of the province’s regulated iGaming market on 4 April 2022. Gaming Realms’ entry into the Canadian iGaming market marks a significant milestone for the Group. Initial launch operators include BetMGM, Rush Street Interactive, 888, Entain, Ceasar’s, Draftkings, and Kindred. In addition to this, Gaming Realms had its platform and content approved for the Quebec State lottery, Loto Québec. Operators Over the past month Gaming Realms has gone live in EU/ROTW with Soft2Bet, Loto-Québec, YoBingo, Avento, SuperSeven, Condor Gaming, and Eyas. The Company also agreed to extend its operational licenses with Entain into Spain and Portugal, and went live in New Jersey and Ontario with a new operator, Bally’s Casino, to strengthen its presence in this market. Post navigation
March & April 2022 Company News Roundup
News / By zsofia
Gaming Realms is pleased to provide a full roundup of all its latest games launches and licensing activity during March and April 2022.
In April, Gaming Realms announced its annual results for FY21, reporting an impressive revenue increase of 29% to £14.7m (2020: £11.4m), largely driven by its successful licensing strategy. This momentum has continued into Q1 2022 with licensing revenue of 43% in Q1 2022 to £3.0m (Q1 2021: £2.1m).
Games
Adding to its extensive portfolio of Slingo games, Gaming Realms released Slingo Racing in time for Cheltenham Races held between 15-18 March 2022. This new sports-themed addition to its library combines Slingo’s unique game features that players know and love with a horse-racing twist that provides the chance for players to pocket big wins. For this release, Gaming Realms held an exclusive launch with Flutter Group (on Paddy Power Betfair and Sky Betting and Gaming). On the 26 April, Slingo Inca Trail was released which allows players to follow in the footsteps of Peruvian Incas, taking in views of Machu Picchu on the bonus round.
The Company is also pleased to report that its game Blackjack Xchange won ‘Top Performing Online Table Game’ at the fourth annual Eilers and Krejcik Gaming (“EKG”) Awards Show held in Las Vegas on 24 February 2022. This was an excellent achievement for Gaming Realms, especially being up against such tough competition in its category with IGT and Evolution (NetEnt).
Gaming Realms has been nominated in the Mobile Supplier category at the EGR B2B Awards 2022 and the Company’s smash-hit Slingo Rainbow Riches has also been nominated at the SBC CasinoBeats Game Developer Awards 2022 for the Game Licensed Content category.
Gaming Realms’ content strategy has been to support operators in their objectives to differentiate and engage players by producing exclusive game content. April saw releases that include The Masked Singer Slingo for Skillonnet, and in March released Gala Slingo and Foxy Slingo games in collaboration with Entain. It also developed Tipping Point Slingo exclusively for 32Red, a game based on the smash hit ITV television game show, as well as launching William Hill Vegas Slingo with William Hill in April.
Partnerships
ICE was back on the agenda in 2022, and the Gaming Realms team had the chance to meet and network with many esteemed partners and friends face to face.
Gaming Realms has worked successfully with Relax Gaming Ltd. since 2019 and will be adding to the platform-to-platform agreement in the form of an IP licensing agreement. As part of the partnership, Gaming Realms will develop a brand new Slingo game based on the hugely popular Money Train series.
Licenses
Gaming Realms was awarded an iGaming Supplier license to supply games within the Canadian province of Ontario ahead of the opening of the province’s regulated iGaming market on 4 April 2022. Gaming Realms’ entry into the
Cheers for that interesting read. Not sure about relationship to gaming stocks or the calculation of a takeover price but still interesting. Thanks again.
Align research note update
http://www.alignresearch.co.uk/cpt-company/gaming-realms/
Worth a read
Gaming Realms signs licensing agreement with Relax Gaming
Deals / By zsofia
Gaming Realms plc (AIM: GMR), the developer and licensor of mobile-focused gaming content, is pleased to announce that it has signed a licensing agreement with Relax Gaming Group (“Relax”), an established gaming provider and aggregator specializing in speed-to-market and innovation gaming solutions.
Under the terms of the agreement, Gaming Realms will produce a new Slingo game based on Relax’s Money Train series, one of its most popular slot themes which is used across several games. Gaming Realms and Relax already have a platform-to-platform agreement in place for the distribution of the existing Slingo games portfolio. The Money Train series has become a huge success for Relax, with Money Train 2 becoming one of the industry’s biggest releases of 2021.
Gareth Scott, Commercial Director of Gaming Realms, commented: “We have worked successfully with Relax Gaming since 2019, so we are excited to be expanding on our existing aggregation partnership. Combining Slingo with Relax’s renowned Money Train brand creates a compelling content proposition.”
Simon Hammon, Chief Product Officer of Relax Gaming, said: ”We are delighted to partner with Gaming Realms for an exciting IP expansion of the Money Train series with the highly popular and unique Slingo brand. The deal further signifies the power and appeal of the Money Train brand and we look forward to seeing it come to life in a new and exciting format.”
Sales over the last couple of days were down to me .sorry. Been with this for a long time . But after the last rns which was very impressive, it did not move . Lake of interest in this share , lack of promotion from the board in rns . The only way this share has survived is down to loyal share holders telling people what is going on .
Still dropping on that RNS ?
Like minds GG. I sold out of Gaming realms today to buy more Centralnic. Both have bright futures.
Wouldn’t worry guys. It’s been a very odd week in terms of earnings reactions. I’ve had centralnic also and it remained flat yesterday….after a significant results upbeat and upgrade for this year. Another great business. These are very tough market conditions and rules just are not applying.
Gaming Realms (LON:GMR – Get Rating)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity Group in a research note issued on Tuesday, MarketBeat reports. They currently have a GBX 50 ($0.64) price target on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 51.30% from the stock’s current price.
Shares of GMR opened at GBX 33.05 ($0.42) on Tuesday. The stock has a market capitalization of £96.50 million and a price-to-earnings ratio of -70.70. Gaming Realms has a 12 month low of GBX 20.39 ($0.26) and a 12 month high of GBX 47 ($0.60). The firm has a fifty day simple moving average of GBX 28.25 and a 200 day simple moving average of GBX 31.09. The company has a current ratio of 2.90, a quick ratio of 2.28 and a debt-to-equity ratio of 4.11.
Can't get my head round it. Very unusual downturn after such positive news, especially Q1. Maybe we'll have to wait later in the year for the full impact to hit home
Extremely odd!!!!!
what is going on here ffs
some odd trading
Solid growth that looks to be repeated in this current year. I don't think I've ever held in a company before that had such a visible upward trajectory. I just love the largely fixed cost base and the way the the bulk of the revenue increase falls to the bottom line. Now the only question is do we get a maiden divi this financial year or next? Decisions decisions always decisions !!!
Lol it’s goin backwards
Rns on there web site . Maiden profit 1.3 million , also important Q1 22 43% ahead of last year Q and ahead of there expectations. Should se 40p today
Well it all reads pretty promising. Hopefully a nice step up again today. Continued growth seems apparent. Good luck all
Align Research value the company at 53p based on an assumed EBITDA for 2021 of 5.4m. It's actually 5.7m
Let's hope for re-rate today. It's long overdue.