Last checked at 2 Jun 2020 07:00
02 June 2020
Gaming Realms plc
("Gaming Realms", the "Company" or the "Group")
Trading Update
Gaming Realms plc today issues the following trading update for the five months to 31 May 2020 (the "Period").
Following on from the Group's FY19 Preliminary Results announcement on 28 April 2020, in which the Group reported Licensing revenue had grown 90% in Q1 FY20, the Company is pleased to report that Licensing revenue has continued to achieve high levels of growth during April and May and is up 80% over the Period. In addition, revenue from the Group's Social division is up 15% over the Period.
This performance has been underpinned by the continued growth in new licensing partners, such as the recently announced partnerships with 888casino.com, Sky Betting & Gaming in the UK, and Draft Kings in New Jersey, USA. This performance has also been driven by the high level of take-up for the Group's games by the end customers of the Group's partners, aided by the release of three new Slingo games this year.
As a result of this performance, the Board expects that EBITDA for the year ending 31 December 2020 will be significantly ahead of current market expectations.
The Board expects to announce its H1 2020 Interim Results in September 2020.
Gaming Realms plc Michael Buckley, Executive Chairman Mark Segal, CFO
| 0845 123 3773 |
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Peel Hunt LLP - NOMAD and broker George Sellar Andrew Clark Will Bell
| 020 7418 8900 |
Yellow Jersey Charles Goodwin Georgia Colkin Annabel Atkins | 07747 788 221 |
This announcement contains inside information within the meaning of the Market Abuse Regulation. The person responsible for arranging release of this announcement on behalf of Gaming Realms plc is Mark Segal, Chief Financial Officer.
About Gaming Realms
Gaming Realms creates and licenses innovative games for mobile, with operations in the UK, U.S. and Canada. Through its 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 experienced executives from a wide range of leading gaming and media companies.