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Realistic Games Revenues soar 615 percent

Wednesday May 22,2013 : SIGNIFICANT GROWTH AT U.K. ONLINE SLOTS DEVELOPER
 
Revenues soar 615 percent y-o-y at Realistic Games, with player numbers up 536 percent.
 
The British online gambling software developer Realistic Games announced Wednesday that it had achieved significant revenue growth of 615 percent year-on-year following supply deals with a number of major online gambling operators.
 
The company attributes its initiative tailoring of content to the Mobile channel is powering success, enabling it to ink content deals with important operators like Ladbrokes, Bet 365 and Boylesports in the last 12 months, as well as recently launching games on Paddy Power’s new mobile games site.
 
The success is reflected in the 615 percent revenue growth between Q1 in 2012 and Q1 in 2013, a company spokesman said Wednesday.
 
During the same period unique player numbers have risen by 536 percent and gaming transactions are up by 1155 percent. Q1 2013 also saw revenues increase q-on-q by an impressive 63 percent in comparison with Q4 2012.
 
Commercial director Andy Harris believes the rapid growth of the company, based in Wantage, Oxfordshire, has gone hand in hand with the success of gaming’s mobile channel.
 
“Mobile growth has undoubtedly had a big part to play in us making such great strides over the last year, and there is no reason to believe this will slow any time soon." Harris said. “The decision we took to tailor all of our games to the most important hardware and software in that market has ensured players love the experience and are more valuable to the operators we supply."
 
Realistic Games was founded in 2002 by Andy Cattrell, who has been involved in the terrestrial and online gaming industry as a player, operator and supplier since the 1980s.
 
The company’s own games platform, ReGaL, first went into production for Stan James in April 2011, before a subsequent launch with BetVictor five months later.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

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Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

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New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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