Gunsynd PLC - London-based company investing in companies and projects within the natural resources, life sciences and beverage sectors - Says investee Low 6 Ltd, a Worcestershire-based creator of iGames for sports rights holders, sportsbooks, consumer brands and media outlets, generated revenue of just under GBP1 million for the quarter ended September 30. It expects to continue on this trajectory during the second quarter. For the year ended June 30, Low 6 reported revenue of GBP54,851, and a pretax loss of GBP18.4 million.
Gunsynd notes that Low 6 was also successful in a request for proposal process with 'OPTA' Stats Perform. The firm's work with OPTA focuses on the launch of multiple games based on Premier League statistics. According to Gunsynd, it has also successfully launched products with Oddschecker for the new English Premier League season and signed a contract extension with Rush Street Interactive in North America for product development over the next 18 months.
Gunsynd has invested GBP265,000 in Low 6, and holds 0.7% of its share capital.
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By Holly Beveridge, Alliance News reporter
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Gunsynd (GUN)