The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I’m expecting a good rns today, so had a little cheeky top up yesterday. Results should be good so bring on 7am. Glah
New operator launch Source linkedin
We're thrilled to announce that our Slingo catalog is live with Soft2Bet through our partners at Relax Gaming Ltd! Big thanks to Daniel Mitton, George Wadsworth, Kadi Kask and everyone who helped this successful launch come together
Rns dated 06th April states Tuesday 26th April for FY. As I stated before I reckon we'll have had a strong start to 2022. More tie-ups announced and revenues can only increase imo
The Trading update RNS says 'there expected' week commencing 25th April.
Thanks
Ha ha. If only I could win that and spend my day's playing the stock market. First got in at 12p April 2020. Sold out Aug 2021 at 37p I think it was. Needed the funds for house deposit. Even then was kicking myself I missed the 8p before it hit the 12p.
Great company and doing things the right way now. Good news flow and continued revenue gains.
Managed to find some funds to get back in at 28p a few weeks back. Clearly on the rise and see 40p in no time. Think eventually will go even higher. Bring on 26th. GLA
Congratulations on your prophecy MonkeyTennis1. PS - Got your lottery numbers handy???
Expecting a bit of a surge on the run up to 26th. I imagine FY will be positive progression and am expecting the start to 2022 to be strong also. Buoyed further by the Ontario opening. Should be back towards 40p soon enough and climbing beyond with further announcements regarding more US States legalising gaming
Next Tuesday I think.
Does anyone know when the next results are?
Interesting to see more corporate action in the iGaming space LONDON, April 11, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE: IGT) ("IGT") today announced that it has entered into a definitive agreement to acquire iSoftBet, a leading igaming content provider and third-party game aggregator, for approximately €160 million in cash. The acquisition will more than double the IGT PlayDigital content library to approximately 225 proprietary games, in addition to providing a world-class, proprietary game aggregation platform to distribute third-party games, and leading data-driven promotional and user-engagement tools. iSoftBet is a leading igaming content provider and third-party game aggregator. For the 2021 fiscal year, iSoftBet generated revenue of approximately €30 million and EBITDA of approximately €8 million
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 remain well off last April’s high of c.47p.
We currently have a peer EV/EBITDA multiple based target price of 53.13p for the shares, implying 86% upside. We are happy to retain our target for now and also flag that we continue to believe Gaming Realms could be on the radar as a potential target for a larger player looking to expand its games portfolio and improve margins. Corporate activity in the sector remains high, with three of the companies in our peer analysis now having been acquired in recent months.
We retain our target price of 53.13p and stance of Conviction Buy.
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.