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Gaming Realms Q1-2016 Earning Report
GAMING REALMS FLYING HIGH IN FISCAL REPORT
Trading update extends positive momentum into 2016.
Mobile gaming developer Gaming Realms plc delivered strong full year 2015 results and reports continued upward momentum during its first quarter of 2016.
Key performance highlights for the full year ending December 31, 2015 include:
- Revenue up 116 percent to GBP 21.2 million (FY/2014: GBP 9.8 million, 15m/2014: GBP 11.2 million).
- Real money gaming revenue up 362 percent to GBP 10.8 million (FY/2014: GBP 2.3 million, 15m/2014: GBP 2.7 million).
- Social and licensing revenue up 294 percent to GBP 2.5 million (FY/2014: GBP 0.6m, 15m/2014: GBP 1.2 million).
- Total new depositing players up 55 percent to 169,988 (FY/2014: 109,561, 15m/2014 138,852).
- Adjusted EBITDA loss of GBP 4.1 million (15m/2014: GBP 7.8 million) which includes marketing investment of GBP 11.5 million (15m/2014: GBP 10.2 million).
Key performance indicators for the three months ending March 31, 2016 include:
- Revenue up 100 percent to GBP 7.5 million (Q1/2015: GBP 3.8 million).
- Real money gambling revenue up 128 percent to GBP 4.2 million (Q1/2015: GBP 1.8 million).
- Social and licensing revenue up 643 percent to GBP 2.0 million (Q1/2015: GBP 0.3 million).
- Total new depositing players increased 73 percent to 62,106 (Q1/2015: 35,857).
"The launch of our proprietary platform at the start of 2015 and acquisition of Slingo IP and games has transformed the business and our content proposition,” Patrick Southon, chief executive officer of Gaming Realms said. “The progress made at the start of 2016, with a number of licence agreements in place with major brands and media publishing companies, means that Gaming Realms is opening up a number of new channels to market its games across both real money and social segments. The Group is on track to continue its targeted growth for the year."
$75K Win on Mobile Slot @ CafeCasino -
Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.
2017 Punta Cana Poker Classic Results -
The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.
NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
Historic weekend at Americas CardRoom -
ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.
WPN Affiliates Headed to Berlin Affiliate Conference -
With the Berlin Affiliate Conference just over a week away, WPN Affiliates is making a bold statement. The online poker affiliate network announced that they are eager to buy traffic and ready to make deals with affiliates looking to capitalize on some big innovations.
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