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https://www.proactiveinvestors.co.uk/companies/news/930843/gaming-realms-inks-licensing-deal-for-netents-starburst-930843.html

Thanks investz. Been wondering when they'd post their new forecast.

Hello 25.40p! Looking good.

Welcome saintpeter. Be nice to get this over the 25p mark. mm's aren't getting any of my shares. This company is too much of a good news story just starting to blossom.

Hi TruroTrader. Yes it would be good to let this keep going under its own steam for the next two or three years to see where the SP is then. With US states needing the revenue from opening up to online gambling, it's hard to see anything but continued exponential growth for this little AIM company that is now being openly talked about as having good takeover credentials for one of the big players. Of course what you really want in that situation is for more than one party to be interested in acquiring it. The Slingo brand is a big prize.

Thanks pironi. Think it's more a case of when than if we'll get taken out but I'm hoping GMR gets to realise more if its potential first, although clearly it's there for all to see, judging by the comments in this podcast.

Interesting analysis (by the CEO of Gaming Economics) regarding Caesars takeover of William Hill.
He also discusses the effect on the other players in the market.

24 mins into this podcast, Gaming Realms is suggested as a likely takeover target by one of the bigger companies.

https://www.gamblinginsider.com/news/10109/new-gi-huddle-podcast-caesars-william-hill-us-developments-and-sports-betting

Slingo Fluffy Favourite is set to launch worldwide on October 28.

Rise due to new deal. Don't know why GMR don't RNS these.

https://europeangaming.eu/portal/latest-news/2020/10/02/78820/gaming-realms-partners-with-eyecon/

For anyone interested, Buzz Bingo (who host our Slingo games) won the main award of Best Bingo Site.

https://www.prnewswire.co.uk/news-releases/whichbingo-announces-2020-award-winners-at-star-studded-online-event-marking-20-years-882336685.html

I don't have anything bad to say against Southern, other than for me his voice and demeanor during later interviews gave the impression he wasn't fully engaged with the change in direction of the company because his expertise was in the old model. Fair enough. I think the Chairman probably made the final decision and so Southern left and is now reducing his holding. Also fair enough considering the staggering recent rise in SP. Everyone has to decide when is the best time to sell for them, whether it be for personal or financial reasons, but for those of us who believe in this new model and want to see how far it can take us, the good news is that the Pennsylvania igaming market hit a record high in August. Also, WhichBingo Awards just announced that Slingo Rainbow Riches has been voted Best Slot Game of 2020.

I continue to hold all my shares because I believe we ain't seen nothing yet. What is everyone else doing? Buy, Sell or Hold? If we had a Strong Hold button, I would select that.

Still waiting to see what Align Research will update their target price to. Currently 25p pre interim results.

"As we mentioned in recent commentary, we were expecting Gaming Realms to post adjusted EBITDA of just under £1.5 million for the full year to December 2020. But with over 80% of this already achieved in the first half we are now working on updating our forecasts. Numbers for the next two years are also under review but we continue to expect strong growth in 2021 and 2022 as the benefit of operational gearing and the addition of further licensing partners comes through."

"Our target price on our current forecasts is 25.37p, implying further upside potential even before we revise our numbers to consider the better than expected trading. Our stance remains at Conviction Buy."

Good interview with Mark Segal. Sounds much more engaged than Patrick Southon ever did in his interviews. Michigan has now opened up to online gaming and GMR will be submitting an application there shortly.

Momentum is building fast here.

“Revenue growth is exceeding our expectations and we can see the potential for profit forecast upgrades later in the year,” the broker said.

Gaming Realms also launches in the US states of Pennsylvania and Michigan in 2021 and this can potentially transform the numbers, said Peel Hunt.

Other territories such as Italy and Spain have yet to be tapped, while there is the capacity to upgrade and launch new game content.

Regulatory tightening remains a concern but 'buy' with a 30p target price is the broker’s investment view.

Yes, I think a takeover now would be too early. We need another year or two to start showing our true potential. While there is a danger that because we are still so small we could get snapped up on the cheap, the BOD are aware that Slingo is a gold mine and any offer would have to take that into account, but like you I would prefer to stay independent for a good while yet so we can reap the benefits ourselves. After all, us long term holders deserve a good pay day. It's been torturous ride until very recently.

Wm Hill (already part of GMR's distrubution network) and Caesers (GMR has a contract with them via the New Jersey deal) are considering a merger.

https://www.casino.org/news/caesars-william-hill-discussing-combining-igaming-sports-betting-units/

“Caesars’ internet casinos/sports betting unit and William Hill’s US operations share at least two important traits: avenues for major growth and, in the eyes of some analysts, lack of appreciation in the investment community. Marrying the two enterprises and selling a stake to the public could be the ideal avenue of creating shareholder value for units that markets aren’t appropriately valuing.”

Same with GMR – huge potential and lack of appreciation in the investment community. I wonder how GMR would fair if they had a dual-listing here and on the US stock exchange.

So far 10 U.S. states have legalised online casinos. So much potential here. This is just going to grow and grow.

https://www.thesportsgeek.com/online-casinos/legal/

Connections:

Andrew Reader - Director of Velo Partners - in his previous role as an investment banker was, in 2010, part of the advisory team for the 2010 merger of bwin with PartyGaming. At the time , GMR's Jim Ryan was PartyGaming’s chief executive. In reference to the US opening up, Jim Ryan was quoted at the time as saying "The US is “the holy grail".

It still is, according to today's EGR article - "Those of us close to it are all too familiar with the narrative of exponential revenue and widespread adoption once bigger states open up to betting and igaming."

Hence why GMR is a potential takeover target, whether we are ready for it right now or not. I think a year down the line would better demonstrate our worth because we're sitting pretty as far as I can see and have only to wait for the money to start rolling in from current contracts, in conjuction with the US opening up.

This is starting to look very interesting and if the sharks are circling they must think so too.

And they'd have to be looking at the upper end of that because even with this year's revenues being ahead of expectations, we've only just turned the business model around, so they're not yet representative of what we can expect future revenues to be. After all this work to get to this point I can't see the BOD letting someone else take us out on the cheap and reap all the rewards.

As a gambling fund, Velo Partners invests in Series A or early growth stage rounds and has stakes in independent gamification-focused operator Suprnation and long-standing online UK casino supplier Gaming Realms.

Those of us close to it are all too familiar with the narrative of exponential revenue and widespread adoption once bigger states open up to betting and igaming, but according to the founder of industry advisory firm Sharp Alpha Advisors, Lloyd Danzig, the investment world is just opening its eyes to the industry.

"Capital is accessible and cheap and we are in a low interest rate environment with an accommodative monetary policy right now, not to mention that there seems to be a lot of capital that has been waiting on the sidelines and ready to jump into something new,” he concludes with a glimmer in his eye.

https://egr.global/northamerica/insight/feeling-bullish-why-spacs-are-fueling-the-first-wave-of-igaming-ipos/