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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.
Yes it looks like 2022 is shaping up nicely for GMR.
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!
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.
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.
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.
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
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.
So three weeks until we hopefully get a Q1 update.
SOME CHUNKY BUYS