Welcome to our dedicated page for Gaming Realms news (Ticker: PSDMF), a resource for investors and traders seeking the latest updates and insights on Gaming Realms stock.
Gaming Realms plc develops and licenses mobile-focused gaming content, with news commonly centered on its Slingo portfolio, proprietary game releases, and distribution of third-party titles to regulated iGaming operators. Company updates also cover content licensing, brand licensing and social revenue categories, as well as the expansion of operator partnerships across established and newly regulated markets.
Recurring developments include annual and interim results, adjusted EBITDA trends, supplier licensing and market launches, platform investment, distribution agreements, and changes to share capital. The company’s ordinary shares trade in the United States on OTCQX under the symbol PSDMF.
Summary not available.
Summary not available.
Summary not available.
Gaming Realms announced a 27% revenue increase to £18.7 million for 2022, with a 34% rise in Adjusted EBITDA to £7.8 million. Profit before tax soared by 224% to £3.5 million. The year ended with a debt-free status and a cash balance of £2.9 million. In 2023, revenue rose by 53% year-on-year in the first two months, totaling £3.7 million. The company has launched in new North American and European markets, tied up with 13 new operators, and is set to release a Slingo Tetris game later this year. CEO Mark Segal expressed confidence in continued growth through 2023.
Gaming Realms plc has signed a licensing agreement with The Tetris Company to develop Tetris Slingo, merging the iconic Tetris shapes with the popular Slingo format. This new game is set to launch globally in Q4 2023 on social and real-money platforms. Slingo allows players to spin a reel and match numbers on a 5x5 grid for rewards. The collaboration aims to attract both existing Slingo fans and Tetris enthusiasts, leveraging the enduring popularity of Tetris since the 1980s. The initiative is part of Gaming Realms' strategy to innovate within the mobile gaming sector.
Gaming Realms has officially launched its mobile gaming content in Connecticut, partnering with DraftKings. The initial offering includes 5 games, with an additional 9 set to launch soon. Notable titles include Lucky Larry's Lobstermania Slingo, Blackjack X-Change, and Slingo Gems in partnership with the American Cancer Society. Executive Chairman Michael Buckley highlighted the U.S. as a key growth market, emphasizing the company's aim to expand its Slingo content globally.
Gaming Realms plc reports a strong performance for the first half of 2022, with total revenue rising by 10% to £8.5m. Content licensing revenue surged 57% to £6.4m, contributing to an EBITDA of £3.5m and a margin of 41%. However, brand licensing revenue fell 82% to £0.3m. The company has expanded its game portfolio to 61 games and increased its presence in North America, reporting a 160% increase in licensing revenue from that market. Profit before tax rose by 66% to £1.3m.
Gaming Realms has received an Online Gaming Service Provider licence from Connecticut’s Department of Consumer Protection, making it the fourth US state where it is licensed. This follows multi-state deals with operators like DraftKings and FanDuel, who are expected to offer Gaming Realms’ Slingo content by the end of 2022. The company's licensing now covers the four largest US states for iGaming and includes operations in Canada and Italy. The expansion strategy is aimed at capitalizing on the growing iGaming market.
Gaming Realms plc announced strong annual results for 2021, with revenues rising 29% to £14.7m and adjusted EBITDA increasing 71% to £5.7m. The growth is attributed to a successful licensing strategy, which saw licensing revenue grow by 48% to £11.1m. Key operational highlights include launching in five new regulated markets, expanding the game portfolio to 53, and increasing unique players by 48%. The company reported a profit after tax of £1.3m, marking a turnaround from a loss of £1.5m in 2020, and ended the year with a cash balance of £4.4m.
OTC Markets Group Inc. (OTCQX: OTCM) announced that Gaming Realms PLC (OTCQX: PSDMF), a mobile gaming company, has upgraded to trade on the OTCQX Best Market from the Pink market. The company begins trading today under the symbol 'PSDMF.' This upgrade allows for transparent trading for U.S. investors and meets high financial standards. Gaming Realms aims to enhance its visibility in the U.S. market, capitalizing on growth opportunities, especially in New Jersey and an upcoming launch in Michigan.