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Pin to quick picksGaming Realms Regulatory News (GMR)

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Market Cap: £85.58m
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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 Dec 20057:05 amPRNGM November Sales
25th Nov 20057:00 amRNS3rd US distributor appointed
16th Nov 20059:20 amRNSHolding(s) in Company
15th Nov 20052:54 pmRNSHolding(s) in Company
11th Nov 20053:41 pmRNSFinal Results
11th Nov 20053:41 pmRNSPlacing
10th Nov 20058:25 amRNSRe Contract
3rd Nov 200510:18 amRNSHolding(s) in Company
2nd Nov 20057:00 amPRNGM October sales
31st Oct 20053:24 pmPRNDividend Declaration
31st Oct 20057:01 amPRNRe Joint Venture
31st Oct 20057:00 amRNSTrading Statement
17th Oct 20051:56 pmPRN3rd Quarter Results
17th Oct 20051:36 pmPRNGM UAW Health Care Agreement
17th Oct 20057:00 amRNSContinental European Licence
11th Oct 200510:06 amRNSFirst Repeat Order Won
6th Oct 200511:02 amRNSAdditional Listing
5th Oct 20051:40 pmPRNDisposal
4th Oct 20056:00 amPRNGM September Sales
3rd Oct 20057:00 amRNSUS Distribution Partner
12th Sep 20059:19 amRNSHolding(s) in Company
5th Sep 20057:00 amRNSFirst US Licence
2nd Sep 20056:00 amPRNGM August Sales
19th Aug 20056:00 amPRNNew Licensee
3rd Aug 20051:32 pmPRNGMAC Sells Stake
3rd Aug 20056:00 amPRNGM July Sales
2nd Aug 20054:32 pmPRNDividend Declaration
29th Jul 20056:00 amPRNLicensee
26th Jul 20056:00 amPRNLicensee
26th Jul 20056:00 amPRNDistribution Partner
20th Jul 200512:33 pmPRNInterim Results
14th Jul 20056:00 amPRNAdditional Listing
4th Jul 20056:00 amPRNGM June Sales
1st Jul 20056:00 amPRNRE GMAC Financial Announcement
1st Jul 20056:00 amPRNAdditional Listing
29th Jun 20056:00 amPRNDirector Shareholding
7th Jun 20051:31 pmPRNDirector Shareholding
7th Jun 20051:30 pmPRNAGM Statement
7th Jun 20056:00 amPRNInterim Results
2nd Jun 20056:01 amPRNGM May Sales
31st May 200511:47 amPRNHolding(s) in Company
24th May 20056:00 amPRNLicensee
20th May 20056:00 amPRNTender Offer
17th May 200511:08 amPRNLicensee
16th May 20057:21 amPRNCorrection : Fiat and GM Sign Separation Agreement
13th May 20053:42 pmPRNFiat and GM Sign Separation
10th May 20056:01 amPRNDividend Declaration
9th May 20053:37 pmPRNTender Offer
9th May 200511:11 amPRNAppointment of Non-Executive Chairman
5th May 20056:00 amPRNShareholder Activity

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