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Gaming Realms delivered its audited results
Thursday March 26,2015 : GAMING REALMS PROVIDES UPDATE
2014 a “transformational” year
Interactive online gaming firm Gaming Realms delivered its audited results for the 15 months ending December 31, 2014.
Key performance indicators include:
Group revenue of GBP 11.2 million (2013: GBP 0.9 million)
Adjusted EBITDA loss of GBP 8.2 million (2013: loss of GBP 2.3 million)
Revenues from real money gaming revenue of GBP 2.7 million (2013: GBP 0.2 million), marketing services of GBP 7.3 million (2013: GBP 0.2 million) and social gaming of GBP 1.2 million (2013: GBP 0.4 million)
During the period Bear Group Limited, a Gaming Realms subsidiary, launched ints proprietary platform designed specifically for the mobile market.
Since its launch in September 2014, the company said it had been very pleased with initial results in which 82 percent of the players are using mobile, generating 60 percent of the revenue.
Other pertinent indicators include:
Average daily active funded players increased 104 percent month on month to over 2,100 in March 2015
Total new depositing players are approximately 18,900
Overall cost per new depositing player lower than £80
Average daily deposits have grown 183 percent month on month to in excess of GBP 50,000 during March 2015
Patrick Southon, chief executive officer of Gaming Realms, said:
"2014 was a transformational year for Gaming Realms. The completion of our proprietary platform and the successful inception of the Spin Genie brand have provided us with the foundations to execute our strategy in 2015.
“We have been extremely pleased with the integration of QuickThink Media and Blueburra Holdings as they have been able to give the Group more scale in player acquisition and management.
“We are confident that shareholders will see much improved results for 2015."
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Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
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MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
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New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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