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Gaming Realms Trading Update
UPBEAT TRADING UPDATE FROM GAMING REALMS
Launch Slingo real-money website.
Gaming Realms Plc released a trading update Monday reporting a strong third quarter with revenues up 48 percent and the launch of Slingo.comon its proprietary platform.
Slingo.com, recently acquired from Real Networks Inc., is expected to materially enhance Gaming Realms’ revenues into 2016 the company said.
Key performance highlights for the 12 weeks ending September 30, 2015 include:
- Total group revenue of GBP 6.2 million, up 48 percent. Includes revenue from Real Networks assets acquisition.
- Real money net gaming revenue increased by 18 percent to GBP 2.8 million.
- Average UK daily revenue increased by 47 percent to GBP 67 914 (Q2/2015: GBP 46 000), with average group daily revenue rising to GBP 81 340 since August 11, 2015.
- Slingo Riches accounted for 16 percent of gross gaming revenues on platform in Q3/2015.
- Slingo free to play mobile apps generated a monthly record of $500 000 revenue during September 2015.
- Overall Group revenues are in line with market expectations for the full year ending December 31, 2015
"The launch of a Slingo based real money site is the first step in the integration and development of the assets acquired in August from Real Networks,” commented chief executive officer Patrick Southon. “This new gambling site will build on the success of the Slingo Riches game which has been operating on our platform since April 2015.”
"We believe that this new product, targeted at our key mobile based demographic, will enable us to continue our revenue and player growth into 2016 and beyond. It will also expand our differentiated product offering in the UK gambling market."
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GAN Partners with Station Casinos -
B2B online gaming company GAN (formerly Game Account Network) has revealed Station Casinos as its previously unidentified partner in an announcement made August 2016
Oceanís Call Slot Launches -
Online gambling games developer Habanero has embarked on a journey across the high seas to bring players its latest HTML5 high resolution slot title, Oceanís Call.
Big Names Playing WCOOP -
The big names came out to play in the closing stages of the World Championship of Online Poker this week as major prizes were handed out in a number of exciting and entertaining competitions.
Sirplay to Open Argentina Branch -
#SirPlay expects the new office to be fully operational by early next year, extending its service to Grupo Slots, which holds a license to operate the provincial San Luis Lottery, and other potential LatAm clients.
DFS Changes for Ohio -
#dfs Coley says that at present DFS is an example of the "pools for profit" concept, the rules for which the state Attorney General has opined are unclear in relation to DFS.
New Jersey Teams Up With Kahnawake Gaming Commission -
The New Jersey Division of Gaming Enforcement and the Kahnawake Gaming Commission have agreed to collaborate in preventing unlicensed online operators from accepting bets from New Jersey and other U.S. states through the Continent 8 data centre situated on tribal land, according to reports Tuesday from the Associated Press news agency.
Petition to Ban Online Gaming in Singapore -
Singapore Pools and Singapore Turf Clubís application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.
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