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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    0.60 (1.95%)
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Spread: 0.60 (1.929%)
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
2nd Aug 20067:00 amPRNGM Revises Reported Second Quarter Financial Results
2nd Aug 20067:00 amPRNDividend Declaration
28th Jul 20068:56 amRNSTyco Update
26th Jul 200612:30 pmPRNInterim Results
5th Jul 200611:54 amRNSAdditional Listing
4th Jul 20062:38 pmRNSBrewing Development Update
4th Jul 20067:00 amPRNGM June Sales
3rd Jul 20063:34 pmRNSSubsidiary's Contract Win
30th Jun 20063:46 pmPRNStatement re: Tracinda Filing
20th Jun 20064:17 pmPRNStatement re: GM Plans to Amend Credit Facility
16th Jun 20069:04 amRNSHolding(s) in Company
13th Jun 20067:01 amRNSInterim Results
2nd Jun 20067:00 amPRNGM Sales
25th May 20067:00 amRNSNotice of Results
17th May 20064:17 pmPRNRestructure Proposals
9th May 20067:00 amPRNGM Finalizes First-Quarter Results
5th May 200611:21 amRNSAdditional Listing
3rd May 20067:00 amPRNGM April Sales
20th Apr 20061:02 pmPRN1st Quarter Results
11th Apr 20062:47 pmPRNDisposal
5th Apr 20063:11 pmRNSHolding(s) in Company
4th Apr 20067:00 amPRNGM March Sales
3rd Apr 200612:31 pmPRNRe Agreement
31st Mar 20063:46 pmPRNDelphi Court Motions
29th Mar 20067:00 amPRNGM Annual Report and Accounts
22nd Mar 20067:00 amRNSAcquisition
17th Mar 20067:00 amPRNGM Final Results
15th Mar 20062:12 pmRNSDirector/PDMR Shareholding
8th Mar 20067:03 amRNSDirector/PDMR Shareholding
6th Mar 200611:08 amRNSHolding(s) in Company
6th Mar 20069:00 amPRNGM to Sell Equity Stake in Suzuki
3rd Mar 200610:44 amRNSHolding(s) in Company
2nd Mar 20068:48 amRNSHolding(s) in Company
2nd Mar 20067:00 amPRNGM February Sales
1st Mar 20067:01 amRNSHolding(s) in Company
10th Feb 200610:33 amRNSHolding(s) in Company
7th Feb 20061:47 pmPRNRestructure Proposals
7th Feb 20067:00 amPRNGM Directorate Change
3rd Feb 20064:28 pmRNSHolding(s) in Company
2nd Feb 20067:00 amPRNGM January Sales
1st Feb 200610:14 amRNSDirector/PDMR Shareholding
27th Jan 20067:01 amRNSAGM Statement
26th Jan 20061:37 pmPRNFinal Results
17th Jan 20069:09 amRNSHolding(s) in Company
13th Jan 20062:27 pmPRNResult of Meeting
4th Jan 20067:00 amRNSAdditional Listing
15th Dec 20054:36 pmRNSDirector/PDMR Shareholding
15th Dec 200512:19 pmRNSDirector/PDMR Shareholding
15th Dec 20058:17 amRNSGrant of Global Licence
2nd Dec 20057:05 amPRNGM November Sales

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