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.
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.
Gaming Realms plc has commenced trading on the OTCQX Best Market in the United States under the ticker symbol PSDMF, upgrading from the Pink market. This transition aims to enhance trading transparency for U.S. investors, fulfilling stringent financial and governance standards. Executive Chairman Michael Buckley highlighted the growing demand from U.S. investors, particularly due to the company's expansion in New Jersey and partnerships with U.S. gaming firms. The company also plans to launch in Michigan and pursue a license in Pennsylvania.