Proactiveinvestors Australia Gaming Realms PLC Proactiveinvestors Australia Gaming Realms PLC RSS feed en Thu, 27 Jun 2019 12:25:41 +1000 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[RNS press release - Board appointment ]]> Thu, 06 Jun 2019 16:00:08 +1000 <![CDATA[RNS press release - Distribution agreement with Relax Gaming ]]> Wed, 05 Jun 2019 16:00:15 +1000 <![CDATA[RNS press release - Global distribution deal with Scientific Games ]]> Thu, 16 May 2019 16:00:06 +1000 <![CDATA[RNS press release - Result of General Meeting ]]> Tue, 19 Mar 2019 00:07:19 +1100 <![CDATA[RNS press release - PDMR notification ]]> Fri, 08 Mar 2019 01:43:12 +1100 <![CDATA[RNS press release - Director/PDMR Shareholding ]]> Fri, 01 Mar 2019 01:53:59 +1100 <![CDATA[RNS press release - Sale of Real Money Assets to River Group ]]> Fri, 22 Feb 2019 18:00:05 +1100 <![CDATA[RNS press release - Result of General Meeting ]]> Wed, 05 Dec 2018 21:11:20 +1100 <![CDATA[RNS press release - Second Price Monitoring Extn ]]> Sat, 24 Nov 2018 03:40:38 +1100 <![CDATA[RNS press release - Price Monitoring Extension ]]> Sat, 24 Nov 2018 03:35:32 +1100 <![CDATA[RNS press release - Distribution Agreement with Endemol Shine Group ]]> Fri, 23 Nov 2018 18:00:03 +1100 <![CDATA[RNS press release - Gaming Realms to host Scandinavian online casino ]]> Tue, 20 Nov 2018 18:00:24 +1100 <![CDATA[RNS press release - Notice of General Meeting ]]> Fri, 16 Nov 2018 18:00:04 +1100 <![CDATA[RNS press release - Price Monitoring Extension ]]> Mon, 29 Oct 2018 18:00:03 +1100 <![CDATA[RNS press release - Second Price Monitoring Extn ]]> Wed, 17 Oct 2018 02:40:51 +1100 <![CDATA[RNS press release - Price Monitoring Extension ]]> Wed, 17 Oct 2018 02:35:18 +1100 <![CDATA[RNS press release - Publication of research note ]]> Tue, 16 Oct 2018 17:00:13 +1100 <![CDATA[RNS press release - Interim results ]]> Thu, 27 Sep 2018 16:00:12 +1000 <![CDATA[RNS press release - Completion of sale ]]> Fri, 17 Aug 2018 00:30:01 +1000 <![CDATA[Media files - Gaming Realms' Slingo: Still going strong after 20 years ]]> Fri, 27 Jul 2018 10:12:00 +1000 <![CDATA[RNS press release - Result of General Meeting ]]> Wed, 18 Jul 2018 23:22:13 +1000 <![CDATA[News - Gaming Realms commits to licensing with consumer brands sale ]]> Patrick Southon, Gaming Realms PLC’s (LON:GLM) chief executive has a pretty good idea what makes a good online gambling game.

Acceptability to the audience, fun to play and quick rewards are among the requirements.

WATCH: Gaming Realms to capitalise on its platform and 'Slingo Originals' library

His original company Cashcade was behind the development of Foxy Bingo, now sold to GVC, and understanding what gamblers want underpins Gaming Realms.

It is likely to become even more important in the future after a recent change in strategy for the AIM-listed business.


Gaming Realms has just sold 70% of its Real Money Casino brands, its consumer gaming business, to Oslo-listed River iGaming for up to £23.1mln.

The business operates games such as Pocket Fruity, Spin Genie and Britain's Got Talent and X Factor games. 

In future, they will be run by a new business River UK Casino that will be 30% owned by Gaming Realms.

Some £8.4mln of the consideration is payable upfront, with the final amount dependent on earnings.

The games being sold contributed £13.9mln of Gaming Realm’s revenues of £31.6mln in the year to December and underlying profits of £2.2mln.

Gaming Realms needs underlying profits to rise to £6mln in 2019 to earn the full payout.

Licensing the new focus

Southon says the disposal is part of the decision made recently to focus on licensing and content development rather than operating the games.

It’s not hard to see why Gaming Realms made the switch.

Marketing/customer acquisition costs were a hefty £10.4mln in 2017, though down from almost £15mln the year previously, that is still a hefty sum for a company of Gaming Realms’ size.

Licensing deals have been signed with several industry majors over the past six months, with a renewal of an agreement with GVC the most recent.

That two-year licensing and revenue share agreement will see GVC roll out the “Slingo Originals” content worldwide and distribute it across its sites – Slingo is not part of the River UK casino sale.

GVC has a six-week exclusive period hosting a new 'BlackJack X-Change' casino game.

Slingo staying put

Last year, GVC agreed to distribute Slingo Originals in New Jersey, US and Southon says this latest deal highlights the long-term potential if you get a popular game.

Slingo originated twenty years ago – Gaming Realms bought the IP in 2015 for US$18mln - but is still going strong.

“Licensing is a great business – as revenue drops straight to bottom line,” said Southon.

Once a game has been developed it just a matter of integration into a customer’s platform.

Of course, a lot of work goes on beforehand but the operators can see how good the content is, which is half the battle he says.

Though the timing of license contracts can be uncertain, margins are much better than in the ‘real money’ arena.

Here, rising taxes (such as point of consumption), tightening regulation, savvy customers who know the best deals and growing competition are making life difficult.

Gaming Realms is also a small in real money relative to giants such as GVC and William Hill in a sector where size is becoming increasingly important.

Recent results showed a move into profit to £800,000 (£2mln loss) on an adjusted underlying basis as the benefits of cost-cutting on the Real Money side started to show through.

US potential 

In the longer-term, there is the prospect of the US market opening to casino games in the wake of the relaxation of sports betting rules.

Southon is not expecting it to happen quickly but if it does it will ‘transform’ the business.

“We can then offer content where casino games are legal.”

In the meantime, the focus will be on making the most of its games nous and content.

“In a mature business model, if you become a niche provider, a specialist in something that has international demand you can become very successful.”

At 9.3p, Gaming Realms is valued at £25.6mln.

Tue, 10 Jul 2018 14:50:00 +1000
<![CDATA[RNS press release - Publication of Circular ]]> Fri, 29 Jun 2018 16:00:03 +1000 <![CDATA[RNS press release - Result of AGM   ]]> Fri, 29 Jun 2018 02:59:05 +1000 <![CDATA[RNS press release - Proposed sale of UK Real Money Casino business ]]> Thu, 28 Jun 2018 01:10:38 +1000 <![CDATA[Media files - Gaming Realms signs significant licensing and revenue share agreement with GVC ]]> Fri, 08 Jun 2018 15:50:00 +1000 <![CDATA[RNS press release - Worldwide licensing agreement with GVC Holdings ]]> Thu, 07 Jun 2018 16:00:09 +1000 <![CDATA[News - Gaming Realms inks licensing agreement with GVC ]]> Gaming Realms PLC (LON:GMR) has signed a two-year licensing and revenue share agreement with FTSE 250 gambling group GVC Holdings PLC (LON:GVC).

The AIM-listed mobile gaming developer said the agreement was to roll out its “Slingo Originals” content worldwide, with GVC distributing the content across all of its sites.

READ: Gaming Realms deals into New Jersey online gambling market

The group added that GVC would also have a six-week exclusive period of hosting its new 'BlackJack X-Change' casino game.

The agreement follows an announcement in July 2017 that GVC would distribute Gaming Realms’ Slingo Originals portfolio of games in New Jersey, USA.

Patrick Southon, Gaming Realms chief executive, said: "We are delighted to be extending our relationship with GVC Holdings, one of the world's largest sports betting and gaming groups. We believe that the Slingo game format has mass player appeal, so we are excited by the prospect of the game entering a number of new territories through the GVC partnership and gaining exposure to a large new player audience."

Thu, 07 Jun 2018 08:16:00 +1000
<![CDATA[RNS press release - Board Changes ]]> Tue, 05 Jun 2018 16:01:01 +1000 <![CDATA[RNS press release - Final Results ]]> Tue, 05 Jun 2018 16:00:05 +1000 <![CDATA[RNS press release - Licensing deal with Sony Pictures Television ]]> Tue, 29 May 2018 16:00:16 +1000 <![CDATA[RNS press release - Sale of Affiliate Business and Trading Update ]]> Fri, 23 Mar 2018 18:00:05 +1100 <![CDATA[RNS press release - Games development and licensing agreement with ITV ]]> Mon, 12 Feb 2018 18:00:06 +1100 <![CDATA[RNS press release - Slingo launched on Ladbrokes Coral gaming sites ]]> Tue, 30 Jan 2018 20:02:10 +1100 <![CDATA[RNS press release - Licensing agreement with Golden Nugget Casino ]]> Mon, 22 Jan 2018 18:00:05 +1100 <![CDATA[RNS press release - 3-year licensing agreement with 888 Holdings ]]> Mon, 15 Jan 2018 18:00:05 +1100 <![CDATA[RNS press release - Holding(s) in Company ]]> Thu, 11 Jan 2018 03:45:21 +1100 <![CDATA[RNS press release - Partnership agreement with the Health Lottery ]]> Thu, 11 Jan 2018 00:40:59 +1100 <![CDATA[RNS press release - 10 year services agreement with Jackpotjoy group ]]> Fri, 15 Dec 2017 18:00:04 +1100 <![CDATA[RNS press release - Price Monitoring Extension ]]> Fri, 10 Nov 2017 03:35:15 +1100 <![CDATA[RNS press release - Second Price Monitoring Extn ]]> Tue, 24 Oct 2017 02:40:39 +1100 <![CDATA[RNS press release - Price Monitoring Extension ]]> Tue, 24 Oct 2017 02:35:23 +1100 <![CDATA[RNS press release - Appointment of Non-Executive Director ]]> Wed, 18 Oct 2017 17:00:04 +1100 <![CDATA[RNS press release - Align Research Initiation of coverage ]]> Tue, 19 Sep 2017 16:15:01 +1000 <![CDATA[RNS press release - Interim Results ]]> Wed, 13 Sep 2017 16:00:06 +1000 <![CDATA[RNS press release - Proposed subscription to raise £1.1 million ]]> Tue, 08 Aug 2017 16:00:04 +1000 <![CDATA[RNS press release - Trading Update ]]> Wed, 19 Jul 2017 16:00:03 +1000 <![CDATA[RNS press release - Gaming Realms launches Slingo Rainbow Riches ]]> Mon, 17 Jul 2017 16:00:05 +1000 <![CDATA[RNS press release - Change of Board Structure ]]> Fri, 30 Jun 2017 19:54:24 +1000 <![CDATA[RNS press release - Result of AGM ]]> Wed, 28 Jun 2017 01:31:16 +1000