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Gaming Realms 89 percent year-on-year increase in revenue
Thursday September 24,2015 : H1-2015 REVENUES UP AT GAMING REALMS
89 percent year-on-year increase in revenue.
Online gambling platform supplier Gaming Realms has reported a strong first half to end June 2015 with revenue up y-o-y by 89 percent to GBP 8 million, thanks to success in its b2b endeavours.
EBITDA in the period still reflected a loss of GBP 2.7 million, attributed to marketing spend (up at GBP 5.1 million) and development expenses on the firm's online gambling platform.
Mobile activity drove much of the group's activity, CEO Patrick Southon reported.
“The recent North American acquisition of gaming assets from RealNetworks, including GameHouse's social/mobile studios and their Slingo, Mahjong and Sudoku properties, complements each area of the group's activities; and makes possible exciting new global opportunities," he said.
“Our proprietary platform is delivering excellent results, keeping more mobile players engaged and returning for longer periods of time."
Southon hinted that the company will soon be launching "unique" mobile-focused content.
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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.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
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.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
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.
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