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Pin to quick picksGaming Realms Regulatory News (GMR)

Share Price Information for Gaming Realms (GMR)

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31.40    0.20 (0.64%)
Bid:
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Spread: 0.80 (2.614%)
Market Cap: £85.58m
GMR Live PriceLast checked at - London Stock Exchange

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Trading Update

27 Jan 2016 07:00

RNS Number : 0852N
Gaming Realms PLC
27 January 2016
 

Gaming Realms Plc

 

("Gaming Realms", the "Company" or the "Group")

 

Trading Update

 

2015 Group Revenue up 116% & Real Money Gaming Revenue up 305%

 

Group Signs Agreements with Zynga, Endemol and Fremantle Media

 

Gaming Realms, the creator and publisher of mobile real money and social games, is pleased to provide an update on its trading, based on preliminary unaudited information for the year ended 31 December 2015. The Group also announces that it has signed three licensing agreements, which will see its popular and successful game format Slingo extend into new player channels and markets.

 

Financial highlights:

 

· Total Group revenue for 2015 up 116% to £21.4m versus unaudited 12 months to 31 December 2014, in line with management's expectations

o £9.9m for the unaudited 12 months ended 31 December 2014

o £11.2m for audited 15 month period ended 31 December 2014

· Real money gaming revenue for 2015 up 305% to £10.8m versus the unaudited 12 months ended 31 December 2014

· The Group continued to make good progress in Q4 2015, with revenue up 13.5% to £7.1m compared to the previous quarter (indicating approximate annual run rate in excess of £28.0m)

· Q4 2015 real money gaming revenue up 39%

 

Licensing and publishing partnerships:

 

The Group has made significant progress with its publishing strategy and has signed three important agreements involving its leading games format, Slingo. The agreements are:

 

· A three year agreement with global content company Fremantle Media (part of the RTL group) which will see Slingo extended into new player channels under its X Factor brand, with a significant marketing campaign launching in Q3 2016, in line with the show's air date

 

· An agreement with media producer Endemol to develop a new game, which will leverage the Slingo format and Endemol's Deal or No Deal brand. The game is due to launch in Q2 2016 and is expected to replicate the success of Slingo in the Group's proprietary brands; and

 

· A new licensing deal with social games developer Zynga to bring a new Slingo branded slot game to the social casino market. The deal will pay Gaming Realms a royalty on net revenue over a three-year term.

 

 

The board is pleased with the recent progress in signing these agreements and expects this momentum to continue throughout the year with a healthy pipeline of opportunities.

 

Commenting on the update, Patrick Southon, CEO, said:

 

"The Group made great progress in 2015, achieving Group revenue growth of 116% and real money revenue growth of 305% following the launch of our proprietary games platform, Grizzly. We are excited by what has already been achieved in social gaming following the acquisition of RealNetwork Inc.'s mobile games assets as we look to build out our games offering and publishing capabilities. The Group is already reaping the benefits of the acquisition, evident by the signing of the agreements with Fremantle, Endemol and Zynga. These agreements will open the Group up to new player audiences and revenue streams."

 

The Group expects to report its 2015 preliminary results in April 2016.

 

 

 

Contacts:

 

Gaming Realms

Patrick Southon, CEO

Mark Segal, FD

 

 +44 (0) 845 123 3773

Cenkos Securities (Nomad and Broker)

Max Hartley (Nomad)

Julian Morse (Broker)

 

+44 (0) 20 7397 8900

 

Yellow Jersey PR

Charles Goodwin

Aidan Stanley

 

+44 (0) 7747 788 221

+44 (0) 7584 085 670

 

 

About Gaming Realms

 

Gaming Realms creates and publishes innovative real money and social games for mobile, with operations in the UK and U.S. Through its market leading mobile platform and unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. The Gaming Realms management team includes accomplished entrepreneurs and growth executives from a wide range of leading gaming and media companies.

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTUNARRNNAAUUR
Date   Source Headline
23rd Jun 20094:40 pmRNSSecond Price Monitoring Extn
23rd Jun 20094:35 pmRNSPrice Monitoring Extension
8th Jun 20093:21 pmRNSNotice of Results
4th Jun 20094:28 pmRNSHolding(s) in Company
21st May 200910:16 amRNSIBEC Update
20th May 200910:49 amRNSHolding(s) in Company
6th May 20092:58 pmRNSHolding(s) in Company
3rd Apr 20091:44 pmRNSIBEC Update
27th Mar 20091:47 pmRNSResult of AGM
27th Mar 20097:00 amRNSAGM Statement
24th Mar 20095:07 pmRNSAnnual Report and Accounts
20th Mar 200910:43 amRNSHolding(s) in Company
12th Jan 20094:40 pmRNSSecond Price Monitoring Extn
12th Jan 20094:35 pmRNSPrice Monitoring Extension
15th Dec 20084:33 pmRNSDirectors Dealings Replacement
15th Dec 200812:07 pmRNSDirectors Dealings
11th Dec 20087:00 amRNSPreliminary Results
4th Dec 20087:00 amRNSNew contract signed
14th Oct 20087:00 amRNSPre-Close Trading Update
8th Oct 200810:35 amRNSHolding(s) in Company
2nd Oct 20087:00 amRNSLetter Of Intent Signed With Babcock & Brown
26th Sep 200811:25 amRNSHolding(s) in Company
19th Sep 200812:03 pmRNSHolding(s) in Company
16th Sep 20084:35 pmRNSPrice Monitoring Extension
16th Sep 20089:33 amRNSDirector/PDMR Shareholding
2nd Sep 20084:13 pmRNSExercise of Options
13th Aug 20082:04 pmRNSGrant of Options
5th Aug 20083:50 pmRNSHolding(s) in Company
4th Aug 20085:04 pmRNSDirectorate Change
31st Jul 200811:11 amRNSExercise Of Options
28th Jul 200811:53 amRNSHolding(s) in Company
8th Jul 20083:49 pmRNSExercise Of Options
4th Jul 200810:43 amRNSStatement re. Press Comment
1st Jul 200811:48 amRNSDirector/PDMR Shareholding
30th Jun 20084:49 pmRNSDirector Dealings - Chairman
30th Jun 20087:00 amRNSInterim Results
25th Jun 200812:38 pmRNSNotice of Results
16th Jun 20087:00 amRNSEADS Deutschland License Agre
4th Jun 200812:19 pmRNSFireMist Launch
1st May 20086:21 pmRNSHolding(s) in Company
15th Apr 20084:31 pmRNSHolding(s) in Company
11th Apr 20083:55 pmRNSDirectorate Change
9th Apr 200812:27 pmRNSShares In Issue
31st Mar 20087:01 amRNSProposed Placing
28th Mar 200812:49 pmRNSResult of AGM
28th Mar 200811:15 amRNSDirectorate Change
28th Mar 20087:02 amRNSAGM Statement
25th Mar 20085:45 pmRNSChange of AGM Venue
5th Mar 200811:48 amRNSExercise of Options
29th Feb 20087:01 amRNSSign First Bioethanol Plant

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