Gaming Realms positive of 2015 targets following Q3 revenue surge

Patrick Southon

Governance of London AIM listed Mobile Gaming specialist Gaming Realms Plc, announced that the firm was confident of hitting its 2015 growth targets, having recorded a 48% revenue increase to £6.2 million for Q3 2015 (Q3 2014: £4.2 million).

Gaming Realms management noted that it had seen increased player take up of its mobile games portfolio, detailing that in-house developed slot Slingo Riches on its portal accounted for 16% of gross gaming revenues during the period.

A strong revenue performance, would transfer to Q3 2015 net gaming revenues of £2.8 million (Q3 2015 – £2.4 million).

Gaming Realms governance stated that it expects continued growth through its white-labels solutions, supported by the operator’s newly integrated proprietary platform.

Patrick Southon, CEO of Gaming Realms , commented on corporate performance:

“The launch of a Slingo based real money site is the first step in the integration and development of the assets acquired in August from Real Networks. This new gambling site will build on the success of the Slingo Riches game which has been operating on our platform since April 2015.

“We believe that this new product, targeted at our key mobile based demographic, will enable us to continue our revenue and player growth into 2016 and beyond. It will also expand our differentiated product offering in the UK gambling market.”