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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
5th Sep 20057:00 amRNSFirst US Licence
2nd Sep 20056:00 amPRNGM August Sales
19th Aug 20056:00 amPRNNew Licensee
3rd Aug 20051:32 pmPRNGMAC Sells Stake
3rd Aug 20056:00 amPRNGM July Sales
2nd Aug 20054:32 pmPRNDividend Declaration
29th Jul 20056:00 amPRNLicensee
26th Jul 20056:00 amPRNLicensee
26th Jul 20056:00 amPRNDistribution Partner
20th Jul 200512:33 pmPRNInterim Results
14th Jul 20056:00 amPRNAdditional Listing
4th Jul 20056:00 amPRNGM June Sales
1st Jul 20056:00 amPRNRE GMAC Financial Announcement
1st Jul 20056:00 amPRNAdditional Listing
29th Jun 20056:00 amPRNDirector Shareholding
7th Jun 20051:31 pmPRNDirector Shareholding
7th Jun 20051:30 pmPRNAGM Statement
7th Jun 20056:00 amPRNInterim Results
2nd Jun 20056:01 amPRNGM May Sales
31st May 200511:47 amPRNHolding(s) in Company
24th May 20056:00 amPRNLicensee
20th May 20056:00 amPRNTender Offer
17th May 200511:08 amPRNLicensee
16th May 20057:21 amPRNCorrection : Fiat and GM Sign Separation Agreement
13th May 20053:42 pmPRNFiat and GM Sign Separation
10th May 20056:01 amPRNDividend Declaration
9th May 20053:37 pmPRNTender Offer
9th May 200511:11 amPRNAppointment of Non-Executive Chairman
5th May 20056:00 amPRNShareholder Activity
4th May 20056:01 amPRNGM April Sales
3rd May 20056:00 amPRNGM Annual Stockholders Meeting
25th Apr 20056:00 amPRNDirectorate Change
19th Apr 200512:14 pmPRNGM First Quarter Results
4th Apr 20052:34 pmPRNGM Exec. Changes
4th Apr 20056:00 amPRNGM March Sales
16th Mar 20052:35 pmPRNResult of AGM
16th Mar 200512:50 pmPRNGM Revises Earnings Outlook
15th Mar 20057:00 amPRNAGM Statement
2nd Mar 20057:00 amPRNGM February Sales
1st Mar 20053:50 pmPRNGM Organizational Changes
14th Feb 20057:00 amPRNGM, Fiat Reach Settlement Agreement
7th Feb 20057:00 amPRNFinal Results
2nd Feb 20057:00 amPRNGM January Sales
2nd Feb 20057:00 amPRNDividend Declaration
19th Jan 20051:45 pmPRNFinal Results
18th Jan 200511:13 amPRNHolding(s) in Company
14th Jan 20057:00 amPRNAnalysts meeting
13th Jan 20053:51 pmPRNGMAC Restructure Proposals
12th Jan 20057:00 amRNSProduct Launch
5th Jan 20057:00 amPRNGM December Sales

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