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Market Cap: £84.76m
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Trading Update

23 Mar 2015 09:00

RNS Number : 1529I
Gaming Realms PLC
23 March 2015
 

Gaming Realms Plc

 

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

 

 

Trading Update

New Platform Launch

 

 

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.

 

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

 

Trading Update

 

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

 

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

 

New Platform Launch

 

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

 

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.

 

Additionally:

 

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

§ Total new depositing players are approximately 18,900

§ Overall cost per new depositing player lower than £80

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

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

§ Slingo planned to launch on SpinGenie in April 2015

 

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

 

Patrick Southon, CEO of Gaming Realms, said:

 

"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."

 

 

 

- Ends -

 

 

Gaming Realms Group

Michael Buckley, Chairman

c/o Bell Pottinger

 

+44 (0) 20 3772 2500

Cenkos Securities (Nomad and Broker)

Max Hartley (Nomad),

Julian Morse (Sales)

 

+44 (0) 20 7397 8900

Bell Pottinger

Olly Scott

James Newman

+44 (0) 20 3772 2500

 

 

About Gaming Realms

 

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

 

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 £96 million in 2009.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTUOVWRVOAOURR
Date   Source Headline
12th Feb 20073:03 pmRNSBoard Change
2nd Feb 20077:00 amPRNGM January Sales
23rd Jan 200710:15 amRNSFurther re EGM
22nd Jan 20077:01 amRNSNotice of EGM
4th Jan 20077:00 amPRNGM December Sales
22nd Dec 200612:00 pmRNSTotal Voting Rights
20th Dec 20068:00 amRNSChange of Adviser
18th Dec 20061:15 pmPRNAdditional Listing
7th Dec 20067:01 amRNSFinal Results
4th Dec 20067:00 amPRNGM November Sales
28th Nov 20064:09 pmRNSNotice of Results
28th Nov 20062:21 pmRNSHolding(s) in Company
2nd Nov 20067:00 amPRNGM October Sales
25th Oct 200612:23 pmPRN3rd Quarter Results
12th Oct 20069:25 amRNSHolding(s) in Company
11th Oct 20063:52 pmRNSHolding(s) in Company
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6th Oct 20067:01 amRNSPre-Close Trading Update
4th Oct 20067:00 amPRNGM Board Amends Bylaws
4th Oct 20067:00 amPRNGM September Sales
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19th Sep 20063:40 pmRNSHolding(s) in Company
13th Sep 20061:28 pmPRNHolding(s) in Company
8th Sep 20067:01 amRNSManagement Changes
2nd Aug 20063:15 pmRNSHolding(s) in Company
2nd Aug 20067:00 amPRNGM Revises Reported Second Quarter Financial Results
2nd Aug 20067:00 amPRNDividend Declaration
28th Jul 20068:56 amRNSTyco Update
26th Jul 200612:30 pmPRNInterim Results
5th Jul 200611:54 amRNSAdditional Listing
4th Jul 20062:38 pmRNSBrewing Development Update
4th Jul 20067:00 amPRNGM June Sales
3rd Jul 20063:34 pmRNSSubsidiary's Contract Win
30th Jun 20063:46 pmPRNStatement re: Tracinda Filing
20th Jun 20064:17 pmPRNStatement re: GM Plans to Amend Credit Facility
16th Jun 20069:04 amRNSHolding(s) in Company
13th Jun 20067:01 amRNSInterim Results
2nd Jun 20067:00 amPRNGM Sales
25th May 20067:00 amRNSNotice of Results
17th May 20064:17 pmPRNRestructure Proposals
9th May 20067:00 amPRNGM Finalizes First-Quarter Results
5th May 200611:21 amRNSAdditional Listing
3rd May 20067:00 amPRNGM April Sales
20th Apr 20061:02 pmPRN1st Quarter Results
11th Apr 20062:47 pmPRNDisposal

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