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Seller doesn't have to file a holdings RNS until they've finished selling and only if holding is over the 3% threshold. Could be an II or an ex employee possibly?
Interesting to see how this plays out...
Gaming Realms is suing a company set up in 2020 by two of its ex-employees (Philip Halston and Dan Lamond) for IP infringement, saying "the similarity of the products and the background code gives an inescapable inference of copying".
https://playrogue.com/
https://caseboard.io/cases/cb79884f-5573-4476-b419-26bf2d4600cd
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.
Great RNS. Just wondering how the Directors were able pick up loads of these really cheap just before releasing this news. Surely they should have been in a closed period for share buying if they were sitting on this news.
Interesting to see how market reacts.
These new shares come onto the market this morning so what next? The terms of the loan give them a 20% discount to prevailing SP so if they wait until we're back up in the 30's they could bank a tidy profit from this maneouvre. Or maybe they'll convert some more while they're cheap to build up their holding.
Bally's (who recently bought Gamesys - who we have the contract and loan agreement with) is now itself in a takeover bid by its biggest shareholder after a recent fall in its SP.
Offering 30% premium so recent fall in gambling stocks seen as chance to pick up a bargain even after adding a third again to the SP.
https://www.bloomberg.com/news/articles/2022-01-25/bally-s-jumps-on-standard-general-offer-to-buy-remaining-shares
Stiff requirements for listing on Nasdaq so we're a long way off as things stand. Multiple criteria have to be met plus there are three different levels that require (for starters) a minimum SP of $2-4 and I don't think there'd be many of us still here if we reached that kind of multiples of current SP.
I suppose if a Nasdaq company bought GMR they could pay us in shares in the merged company but we're such a tiddler I imagine a cash buyout would be more likely.
Anyway, Truro, it's nice to dream on a February afternoon, but I'm not greedy, I'm happy to wait a COUPLE more years to be a millionaire :-))
Many thanks. About time we saw a bit more promotion of the company. I think the last interview Mark Segal did was October 2020. Sounds like they are keen to get more US investors onboard, maybe with one eye on a possible nasdaq listing in the future when market cap meets criteria. To that end, let's hope Canada can give us a massive boost when it comes online in April. Sounds like GMR are ready to jump in from day one.
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 – Activision Blizzard recently agreed a $68.7 billion all-cash takeover with Microsoft.
We retain our target price of 53.13p and stance of Conviction Buy.
http://www.alignresearch.co.uk/gaming-realms/gaming-realms-2021-in-line-with-expectations-and-strong-international-momentum-continues/
Following on from the integration of Slingo into the Everymatrix platform in June, they have now released Slotmatrix - the world's largest collection of igaming content from 175 providers all on one platform.
https://www.gamblinginsider.com/news/14637/everymatrix-introduces-slotmatrix-the-largest-collection-of-gaming-content-in-the-world
17.2 million bets as of Sunday night in New York from a population of 20 million, boosted by big bonus offerings to entice players in. Something similar is predicted in Canada when it launches in the next couple of months or so, with operators anticipating an initial flood of 10 million bets from Ontario’s 14 million population. Interesting to see how this all pans out over 2022 .
Welcome! Did you create an account just to critique this game or are you thinking of investing here? I think now could be a good time to get in, ahead of the y/e closing statement.
I agree, Jets Slingo does look a bit plain but not sure how long they were given to develop it and simply adding bells and whistles wouldn't really enhance the user experience. It spins so fast it's hard to see how you can get much enjoyment out of playing these games, but I guess that could be said of any slot game these days so it must be what people are used to.
The important thing is the New York Jets have endorsed it and it's the first team-branded igaming offering in the US, which means it's making headlines and we're standing out from the pack. BETMGM /NY Jets could have asked another game developer to make the first Jets casino game but they decided on a Slingo-based offering. Slingo is a popular brand and you can't get a Slingo game from anyone else but Gaming Realms. That's what makes this company such an attractive proposition from an investment point of view.