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Gaming Realms H1-2016 Report

GAMING REALMS DELIVERS IN H1/2016 RESULTS

Future looks bright as business re-alignment begins to pay off.

UK gaming firm Gaming Realms has generated impressive revenue growth, according to an interim results report for the six months ending June 30 2016, which it attributes to the success of its proprietary platform Grizzly and the acquisition of the social gaming assets from Real Networks.

Key performance highlights include:

-    A 109 percent increase in revenue to GBP 16.6 million (H1/2015: GBP 7.9 million), of which Real Networks’ social gaming assets contributed GBP 3.8 million of social and licensing revenues during the period.

-    Real money gambling revenue on the Grizzly platform up 143 percent to GBP 10.2 million (H1/2015: GBP 4.2 million).

-    Mobile usage dominates on Grizzly platform, with 84 percent of depositing players using mobile (H1/2015: 80 percent).

-    Player take-up increased 269 percent with 143,282 new depositing players during the period (H1/2015: 38,869).

-    Adjusted EBITDA of around - GBP 3 million, a decline of 24 percent (H1/2015: 2.4 million).  Includes a H1/2016 front loaded growth investment in marketing of GBP 9.5 million related to the Group’s ongoing investment in slingo.com and the launch of Britains Got Talent games.

“This investment in marketing has been the key driver in the growth of our revenues and depositing players, and compares to GBP 5.1 million of marketing expenditures in H1/15,” a company statement explained.

The Group has signed and launched a number of key initiatives which it believes will have a further positive impact on growth during the second half of 2016.

These include the launch of thexfactorgames.com and creation of a new game based on the television show, a B2B deal with Bauer Media for the co-promotion of SpinGenie.com and the launch of its Remote Game Server allowing the company to license its games to selected partners.

Patrick Southon, Chief Executive - Gaming Realms, said: "The Group has delivered an excellent first half as a result of focusing on our proprietary technology and games publishing and licensing”.
 
The Board believes that the Group is trading in line with market expectations, which implies that the Group will be EBITDA positive for 2016, the statement concludes.

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Gambling News :

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

Microgaming is set to release three exciting new games in March - Pollen Party will literally have players buzzing with excitement as the ground-breaking, 720 way variable reel online slot is brought to life in a unique honeycomb reel layout.

NBA Odds: Resurgent Clippers Face Warriors in Oakland - After a much-needed lineup shuffle, the Los Angeles Clippers (29-27 SU, 35-21 ATS) carry a four-game SU and ATS winning streak into Thursday’s game against the best team in the NBA, the Golden State Warriors (47-9 SU, 27-27-2 ATS). Tip-off is at 10:30 PM ET on TNT.

NBA Odds: New-Look Pelicans Host Rockets on Thursday - The New Orleans Pelicans just hosted the All-Star Game and saw their very own Anthony Davis win the MVP. But the celebration was brief because the next day, the Pelicans made a huge trade,

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republic’s new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

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