Industry News
Gaming Realms Expects its Revenue for Full-year 2020 to Reach £11.2M
Online gambling content developer and distributor Gaming Realms has announced that it expects revenues of around £11.2m and adjusted earnings (EBITDA) of £3.1m for 2020. The reasons for its expectations include the “record” financial month in December.
In a trading update, the developer of mobile gaming content said its content licensing arm has grown by over 100% during the year, launching with 26 new partners including tier-one operators such as DraftKings in the US as well as Sky Betting & Gaming and PaddyPower Betfair in the UK and Europe.
Gaming Realms said this positive momentum has continued into the start of 2021 alongside the development of its US strategy with the signing of a number of key contracts including a multi-state deal with BetMGM as well as the granting of a provisional supplier licence by the Michigan Gaming Control Board.
“We are delighted with last year’s performance, which illustrates both the popularity of our games and our ability to licence multiple different partners. At the same time, we have taken a significant step forward to becoming a global platform business with multiple games, all of which is testament to our talented and motivated team,” Michael Buckley, chairman of Gaming Realms, said.
“The combination of our excellent games portfolio, our existing distribution agreements with global partners and our strong pipeline of new partnerships, makes us optimistic about the significant opportunities ahead as we focus on our continued expansion and international growth,” he added.
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