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Pin to quick picksGaming Realms Regulatory News (GMR)

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Spread: 0.50 (1.667%)
Market Cap: £81.82m
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Trading Update

2 Jun 2020 07:00

RNS Number : 6033O
Gaming Realms PLC
02 June 2020
 

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

 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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TSTUAOWRRKUNRAR
Date   Source Headline
23rd Mar 20187:00 amRNSSale of Affiliate Business and Trading Update
12th Feb 20187:00 amRNSGames development and licensing agreement with ITV
30th Jan 20189:02 amRNSSlingo launched on Ladbrokes Coral gaming sites
22nd Jan 20187:00 amRNSLicensing agreement with Golden Nugget Casino
15th Jan 20187:00 amRNS3-year licensing agreement with 888 Holdings
10th Jan 20184:45 pmRNSHolding(s) in Company
10th Jan 20181:40 pmRNSPartnership agreement with the Health Lottery
15th Dec 20177:00 amRNS10 year services agreement with Jackpotjoy group
9th Nov 20174:35 pmRNSPrice Monitoring Extension
23rd Oct 20174:40 pmRNSSecond Price Monitoring Extn
23rd Oct 20174:35 pmRNSPrice Monitoring Extension
18th Oct 20177:00 amRNSAppointment of Non-Executive Director
19th Sep 20177:15 amRNSAlign Research Initiation of coverage
13th Sep 20177:00 amRNSInterim Results
8th Aug 20177:00 amRNSProposed subscription to raise £1.1 million
19th Jul 20177:00 amRNSTrading Update
17th Jul 20177:00 amRNSGaming Realms launches Slingo Rainbow Riches
30th Jun 201710:54 amRNSChange of Board Structure
27th Jun 20174:31 pmRNSResult of AGM
27th Jun 20177:00 amRNSGaming Agreement
2nd Jun 201712:38 pmRNSPosting of Annual Report and Notice of AGM
27th Apr 20177:00 amRNSFinal Results
21st Apr 20174:35 pmRNSPrice Monitoring Extension
21st Apr 20177:00 amRNSNew Jersey, USA Licenses & Launch
5th Apr 201712:09 pmRNSHolding(s) in Company
3rd Apr 201711:18 amRNSNotice of Final Results
1st Mar 20174:40 pmRNSSecond Price Monitoring Extn
1st Mar 20174:35 pmRNSPrice Monitoring Extension
7th Dec 20162:25 pmRNSPDMR Notification
2nd Dec 20167:00 amRNSGaming Realms E-Gaming Review Award
2nd Nov 20167:00 amRNSQ3 Trading Update
29th Sep 20167:00 amRNSPartnership deal with Express Newspapers
13th Sep 20167:01 amRNSChange of Adviser
13th Sep 20167:00 amRNSInterim Results
8th Sep 20167:00 amRNSHolding(s) in Company
8th Sep 20167:00 amRNSHolding(s) in Company
2nd Sep 20167:00 amRNSMarketing partnership deal with Bauer Media
30th Aug 20165:11 pmRNSCompletion of Subscription
29th Jul 20164:33 pmRNSSubscription
23rd Jun 201611:13 amRNSResult of AGM
9th Jun 20165:37 pmRNSIssue of Equity
6th Jun 20164:40 pmRNSSecond Price Monitoring Extn
6th Jun 20164:35 pmRNSPrice Monitoring Extension
6th Jun 20162:52 pmRNSStrategic Partnership for Digital Marketing Agency
26th May 20166:21 pmRNSAnnual Financial Report
4th May 20167:00 amRNSResults for the year ended 31 December 2015
28th Apr 20167:39 amRNSLand Based Gaming Machine Licensing Agreement
11th Apr 20167:00 amRNSLaunch of Britain's Got Talent Games Site
23rd Mar 20167:00 amRNSGaming Realms: first U.S. real money gaming deal
21st Mar 20169:00 amRNSAdoption of Financial Reporting Standard (FRS) 101

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