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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
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28th Aug 200710:20 amRNSHolding(s) in Company
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20th Apr 20073:30 pmPRNGM Delists with LSE
18th Apr 200710:52 amRNSHolding(s) in Company
13th Apr 200711:02 amRNSHolding(s) in Company
10th Apr 200710:37 amRNSHolding(s) in Company
4th Apr 20074:56 pmRNSHolding(s) in Company
4th Apr 20077:30 amRNSExercise of Options
4th Apr 20077:00 amPRNGM March Sales
30th Mar 20074:13 pmRNSHolding(s) in Company
30th Mar 20073:37 pmRNSDirector/PDMR Shareholding
30th Mar 200712:53 pmRNSResult of AGM
30th Mar 20077:01 amRNSAGM Statement
28th Mar 20073:57 pmRNSHolding(s) in Company
28th Mar 20073:54 pmRNSHolding(s) in Company
20th Mar 20073:14 pmRNSHolding(s) in Company
16th Mar 20074:29 pmRNSHolding(s) in Company
14th Mar 20072:26 pmPRNFinal Results
13th Mar 20073:29 pmRNSHolding(s) in Company
7th Mar 200712:37 pmRNSRepeat Order for Sonics
6th Mar 20072:56 pmRNSHolding(s) in Company
6th Mar 20072:55 pmRNSHolding(s) in Company
6th Mar 20072:54 pmRNSHolding(s) in Company
2nd Mar 20077:00 amPRNGM February Sales
26th Feb 20075:10 pmRNSExercise of Options
20th Feb 20072:36 pmRNSHolding(s) in Company
20th Feb 20072:33 pmRNSTotal Voting Rights
19th Feb 20077:00 amPRNGM Provides Update on Accounting Issues
14th Feb 200711:47 amRNSResult of EGM

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