Gaming Realms Forecasts 55% Rise in Revenue in 2020
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Gaming Realms predicted a 55% increase in revenue to £10.7m for the whole year 2020. The announcement boosted the company's shares by 3%.
Gaming Realms expects to report a 55% increase in revenue to £10.7m this year. The company predicts EBITDA of at least £2.75m for the 12-month period to 31 December 2020. In September, the company posted a revenue increase of 66% to £5.2m.
New international distribution partners and new Slingo games launched in the first half of the year boosted growth. Between January and June, Gaming Realms went live with five operators: Gamesys, Sky Betting & Gaming, 888 Casino in UK, DraftKings in New Jersey, and Caliente in Mexico. The market welcomed four new games, including Sledo Centurion in partnership with Inspired Entertainment. In October, the company announced it had inked a multi-year partnership deal with NetEnt.
