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
30.30    0.20 (0.66%)
Bid:
30.20
Ask:
31.70
Spread: 1.50 (4.967%)
Market Cap: £82.58m
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
17th Nov 202111:40 amRNSBlock listing application
2nd Nov 20217:00 amRNSFull iGaming Licence in Michigan & Trading Update
29th Sep 20217:00 amRNSThird-party distribution agreement & Board change
13th Sep 20217:00 amRNSInterim Results
7th Sep 20217:00 amRNSGaming Realms launches content in Pennsylvania
13th Aug 20217:00 amRNSNotice of Results
28th Jul 20215:19 pmRNSBLOCK LISTING SIX MONTHLY RETURN
26th Jul 20212:22 pmRNSHolding(s) in Company
29th Jun 20217:00 amRNSGaming Realms launches content in Michigan, U.S.A
21st Jun 20217:00 amRNSGaming Realms signs licensing agreement with IGT
14th Jun 20217:45 amRNSDirector/PDMR Shareholding
2nd Jun 20212:15 pmRNSResult of AGM and GM
25th May 20217:00 amRNSGranting of Pennsylvania gaming licence
13th May 20217:00 amRNSExtended SLINGO® agreement with Scientific Games
11th May 202112:39 pmRNSPosting of Accounts and Notice of AGM & GM
4th May 20211:58 pmRNSTotal Voting Rights and Share Capital
29th Apr 20217:00 amRNSGaming Realms commences trading on OTCQX Market
27th Apr 20217:00 amRNSAnnual Results 2020
22nd Apr 20214:35 pmRNSPrice Monitoring Extension
14th Apr 20214:38 pmRNSHolding(s) in Company
6th Apr 20217:00 amRNSNotice of Results
1st Apr 20214:41 pmRNSSecond Price Monitoring Extn
1st Apr 20214:35 pmRNSPrice Monitoring Extension
31st Mar 202110:34 amRNSTotal Voting Rights and Share Capital
25th Mar 20214:41 pmRNSSecond Price Monitoring Extn
25th Mar 20214:36 pmRNSPrice Monitoring Extension
2nd Mar 20212:22 pmRNSBLOCK LISTING SIX MONTHLY RETURN
1st Mar 20215:29 pmRNSTotal Voting Rights and Share Capital
11th Feb 20217:00 amRNSPre-close Trading Update
2nd Feb 20217:00 amRNSGaming Realms enters the Italian gaming market
29th Jan 20217:00 amRNSTotal Voting Rights and Share Capital
25th Jan 20217:00 amRNSDirect-integration agreement secured with BetMGM
11th Jan 20211:44 pmRNSHolding(s) in Company
6th Jan 20217:00 amRNSProvisional iGaming supplier license in Michigan
4th Jan 202110:52 amRNSTotal Voting Rights and Share Capital
18th Dec 20203:43 pmRNSDirector/PDMR Shareholding
8th Dec 20207:00 amRNSTrading Update
22nd Oct 20207:00 amRNSSlingo Originals launches with Paddy Power Betfair
7th Oct 20207:00 amRNSLicensing agreement with NetEnt
18th Sep 20202:43 pmRNSDirector/PDMR Shareholding
16th Sep 20207:00 amRNSHolding(s) in Company
8th Sep 20207:00 amRNSInterim Results
7th Sep 20204:41 pmRNSSecond Price Monitoring Extn
7th Sep 20204:36 pmRNSPrice Monitoring Extension
27th Aug 20207:00 amRNSGaming Realms secures U.S. multi-state agreement
18th Aug 20207:00 amRNSTrading Update
6th Aug 20207:00 amRNSNotice of Interim Results
5th Aug 20207:00 amRNSGaming Realms signs agreement with Oryx Gaming
29th Jul 202012:59 pmRNSDirector/PDMR Share Dealings
24th Jul 20207:00 amRNSBlock listing, PDMR transaction, issue of equity

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.