Gaming Realms reports revenue increase
Gaming Realms today issued a trading statement ahead of its 31 December 2020 year end.
Since updating the market on 8 September 2020 when publishing its interim results, the Company is pleased to report that business performance and sales momentum has continued the trend demonstrated throughout the first 8 months of this year.
Revenues for the Period are expected to be £10.7m, 55% ahead of 2019. As a result of this increase in revenue, the Company expects adjusted EBITDA of not less than £2.75m for the year ended 31 December 2020.
This strong performance is due to the expansion of our partners internationally, the release of new “Slingo” games, and improvements to the Group’s technology. In the second half of the Period, we have gone live with 5 new partners, including PaddyPower Betfair in Europe, and launched 4 new “Slingo” games including Slingo Fluffy Favourites.
The Company has applied for licenses in Pennsylvania and Michigan in the US and hopes to launch in these states during the first half of 2021.