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Pin to quick picksGaming Realms Regulatory News (GMR)

Share Price Information for Gaming Realms (GMR)

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31.00    -1.40 (-4.32%)
Bid:
31.20
Ask:
32.00
Spread: 0.80 (2.564%)
Market Cap: £84.76m
GMR Live PriceLast checked at - London Stock Exchange

Intraday Gaming Realms Share Chart

Trading Update

23 Mar 2015 09:00

RNS Number : 1529I
Gaming Realms PLC
23 March 2015
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Gaming Realms Plc

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("Gaming Realms," theΒ "Company" or the "Group")

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Trading Update

New Platform Launch

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Gaming Realms, the creator and developer of interactive next generation online gaming products, is pleased to announce that it will be publishing its audited results for the 15 months ended 31 December 2014 on 22 April 2015.

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The Company also announces an update on trading in 2014 and the performance of its recently launched platform.

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Trading Update

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During the 15 months ended 31 December 2014 the Group generated revenue of Β£11.2m (2013: Β£0.9m) and an adjusted EBITDA loss of Β£8.2m (2013: loss of Β£2.3m)

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Revenue is derived from Real Money Gaming of Β£2.7m (2013: Β£0.2m), Marketing Services of Β£7.3m (2013: Β£0.2m) and Social Gaming of Β£1.2m (2013: Β£0.4m)

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New Platform Launch

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Gaming Realms plc subsidiary, Bear Group Limited, launched its proprietary platform which has been designed specifically to cater for the expanding mobile market.

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Since the launch in September 2014, management have been very pleased with initial results in which 82% of the players are using mobile, generating 60% of the revenue.

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Additionally:

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Β§ Average daily active funded players have increased 104% month on month to over 2,100 in March 2015

Β§ Total new depositing players are approximately 18,900

Β§ Overall cost per new depositing player lower than Β£80

Β§ Average daily deposits have grown 183% month on month to in excess of Β£50,000 during March 2015

Β§ Successful migration of pocketfruity.com to the new platform which will enable this popular brand to reach a new audience

Β§ Slingo planned to launch on SpinGenie in April 2015

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Focus has continued on product development of unique content and player acquisition to grow the player base and scale of the platform.

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Patrick Southon, CEO of Gaming Realms, said:

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"2014 was a transformational year for Gaming Realms. The completion of our proprietary platform and the successful inception of the Spin Genie brand have provided us with the foundations to execute our strategy in 2015. We have been extremely pleased with the integration of QuickThink Media and Blueburra Holdings as they have been able to give the Group more scale in player acquisition and management. We are confident that shareholders will see much improved results for 2015."

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- Ends -

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Gaming Realms Group

Michael Buckley, Chairman

c/o Bell Pottinger

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+44 (0) 20 3772 2500

Cenkos Securities (Nomad and Broker)

Max Hartley (Nomad),

Julian Morse (Sales)

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+44 (0) 20 7397 8900

Bell Pottinger

Olly Scott

James Newman

+44 (0) 20 3772 2500

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About Gaming Realms

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Gaming Realms Limited is an online gaming business formed in 2012 to develop a new generation of social bingo and slot machine gaming concepts.

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Gaming Realms was founded by the team behind Cashcade, which created the leading online bingo brand, Foxy Bingo, in addition to other online bingo and casino games. The success of Cashcade culminated in its sale to bwin.party digital entertainment plc for a total consideration of approximately Β£96 million in 2009.

This information is provided by RNS
The company news service from the London Stock Exchange
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END
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TSTUOVWRVOAOURR
Date   Source Headline
19th Sep 200812:03 pmRNSHolding(s) in Company
16th Sep 20084:35 pmRNSPrice Monitoring Extension
16th Sep 20089:33 amRNSDirector/PDMR Shareholding
2nd Sep 20084:13 pmRNSExercise of Options
13th Aug 20082:04 pmRNSGrant of Options
5th Aug 20083:50 pmRNSHolding(s) in Company
4th Aug 20085:04 pmRNSDirectorate Change
31st Jul 200811:11 amRNSExercise Of Options
28th Jul 200811:53 amRNSHolding(s) in Company
8th Jul 20083:49 pmRNSExercise Of Options
4th Jul 200810:43 amRNSStatement re. Press Comment
1st Jul 200811:48 amRNSDirector/PDMR Shareholding
30th Jun 20084:49 pmRNSDirector Dealings - Chairman
30th Jun 20087:00 amRNSInterim Results
25th Jun 200812:38 pmRNSNotice of Results
16th Jun 20087:00 amRNSEADS Deutschland License Agre
4th Jun 200812:19 pmRNSFireMist Launch
1st May 20086:21 pmRNSHolding(s) in Company
15th Apr 20084:31 pmRNSHolding(s) in Company
11th Apr 20083:55 pmRNSDirectorate Change
9th Apr 200812:27 pmRNSShares In Issue
31st Mar 20087:01 amRNSProposed Placing
28th Mar 200812:49 pmRNSResult of AGM
28th Mar 200811:15 amRNSDirectorate Change
28th Mar 20087:02 amRNSAGM Statement
25th Mar 20085:45 pmRNSChange of AGM Venue
5th Mar 200811:48 amRNSExercise of Options
29th Feb 20087:01 amRNSSign First Bioethanol Plant
6th Feb 200811:00 amRNSHolding(s) in Company
30th Jan 20084:55 pmRNSHolding(s) in Company
30th Jan 200810:00 amRNSAnnual Report and Accounts
28th Jan 20083:14 pmRNSExercise of options
28th Jan 200811:26 amRNSHolding(s) in Company
14th Jan 200810:42 amRNSHolding(s) in Company
10th Jan 20087:01 amRNSBiofuels Update
3rd Jan 20085:53 pmRNSHolding(s) in Company
24th Dec 200711:46 amRNSHolding(s) in Company
21st Dec 20074:17 pmRNSIssue of Equity
19th Dec 20073:27 pmRNSHolding(s) in Company
19th Dec 20079:11 amRNSHolding(s) in Company
18th Dec 200711:31 amRNSDirector/PDMR Shareholding
18th Dec 200711:28 amRNSDirector/PDMR Shareholding
18th Dec 20077:01 amRNSContract Award
5th Dec 20079:46 amRNSDirector/PDMR Shareholding
27th Nov 20077:01 amRNSNon-Exec Director Appointed
27th Nov 20077:01 amRNSPreliminary Results
26th Nov 200710:18 amRNSNotice of Preliminary Results
7th Nov 200712:47 pmPRN3rd Quarter Results
18th Oct 20077:01 amRNSTrading Update
1st Oct 200712:27 pmRNSNon-exec director appointment

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