If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGaming Realms Regulatory News (GMR)

Share Price Information for Gaming Realms (GMR)

Share Price is delayed by 15 minutes
Get Live Data
31.40    0.60 (1.95%)
Bid:
31.10
Ask:
31.70
Spread: 0.60 (1.929%)
Market Cap: £85.58m
GMR Live PriceLast checked at - London Stock Exchange

Intraday Gaming Realms Share Chart

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
30th Jan 200810:00 amRNSAnnual Report and Accounts
28th Jan 20083:14 pmRNSExercise of options
28th Jan 200811:26 amRNSHolding(s) in Company
14th Jan 200810:42 amRNSHolding(s) in Company
10th Jan 20087:01 amRNSBiofuels Update
3rd Jan 20085:53 pmRNSHolding(s) in Company
24th Dec 200711:46 amRNSHolding(s) in Company
21st Dec 20074:17 pmRNSIssue of Equity
19th Dec 20073:27 pmRNSHolding(s) in Company
19th Dec 20079:11 amRNSHolding(s) in Company
18th Dec 200711:31 amRNSDirector/PDMR Shareholding
18th Dec 200711:28 amRNSDirector/PDMR Shareholding
18th Dec 20077:01 amRNSContract Award
5th Dec 20079:46 amRNSDirector/PDMR Shareholding
27th Nov 20077:01 amRNSNon-Exec Director Appointed
27th Nov 20077:01 amRNSPreliminary Results
26th Nov 200710:18 amRNSNotice of Preliminary Results
7th Nov 200712:47 pmPRN3rd Quarter Results
18th Oct 20077:01 amRNSTrading Update
1st Oct 200712:27 pmRNSNon-exec director appointment
25th Sep 20079:46 amRNSExercise of Options
28th Aug 200710:20 amRNSHolding(s) in Company
20th Aug 20073:50 pmRNSDirector/PDMR Shareholding
15th Aug 200710:09 amRNSAIM Rule 26 Information
2nd Aug 20075:24 pmRNSHolding(s) in Company
2nd Aug 20077:04 amRNSFireMist Update
31st Jul 200712:54 pmPRNHalf-yearly Report
25th Jul 20074:35 pmRNSPrice Monitoring Extension
3rd Jul 200710:59 amRNSExercise of Options
21st Jun 20074:07 pmRNSHolding(s) in Company
11th Jun 20077:02 amRNSR&D Update - Bioethanol
11th Jun 20077:01 amRNSInterim Results
4th Jun 20077:00 amPRNGM May Sales
31st May 20078:00 amRNSNotice of Interim Results
30th May 20071:56 pmRNSHolding(s) in Company
23rd May 20072:54 pmRNSHolding(s) in Company
8th May 20077:02 amRNSLaunch of PDX Wort Heater
3rd May 20075:47 pmRNSDirectorate Change
3rd May 200712:25 pmPRN1st Quarter Results
2nd May 20077:00 amPRNGM Reports 311,687 April Deliveries
2nd May 20077:00 amPRNDividend Declaration
30th Apr 200712:22 pmRNSHolding(s) in Company
26th Apr 200710:36 amRNSRe Share Price Rise
20th Apr 20073:30 pmPRNGM Delists with LSE
18th Apr 200710:52 amRNSHolding(s) in Company
13th Apr 200711:02 amRNSHolding(s) in Company
10th Apr 200710:37 amRNSHolding(s) in Company
4th Apr 20074:56 pmRNSHolding(s) in Company
4th Apr 20077:30 amRNSExercise of Options
4th Apr 20077:00 amPRNGM March Sales

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.