Gaming Realms plc, the technology led developer and licensor of mobile focused gaming content, has issued a trading statement today ahead of its December 31 2020 year end results, citing continued momentum in performance and ongoing ambitions to launch in Pennsylvania and Michigan.
Since updating the market on September 8 2020 when publishing its interim results, the company told investors it was pleased to report that business performance and sales momentum has continued the trend demonstrated throughout the first eight months of this year.
Revenues for the period are expected to be $14.29m, 55% ahead of 2019. As a result of this increase in revenue, the company said that it expects adjusted EBITDA of not less than $3.67m for the year ended 31 December 2020.
Said the firm: “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 five new partners, including PaddyPower Betfair in Europe, and launched four new Slingo games including Slingo Fluffy Favourites.”
On its stateside ambitions, the company revealed that it has applied for licenses in Pennsylvania and Michigan in the US and hopes to launch in these states during the first half of 2021.
