Gaming Realms PLC Trading Update (3751W)
August 18 2020 - 1:00AM
UK Regulatory
TIDMGMR
RNS Number : 3751W
Gaming Realms PLC
18 August 2020
18 August 2020
Gaming Realms plc
("Gaming Realms", the "Company" or the "Group")
Trading Update
Following on from the Group's trading update on 2 June 2020, the
Company is pleased to announce that it has continued to trade ahead
of market expectations. Revenues in H1 2020 (the "Period") were
GBP5m (H1 2019: GBP3.1m) with adjusted EBITDA of approximately
GBP1.2m (H1 2019: Loss of GBP0.1m).
The performance in the Period is a result of the expansion of
our partners internationally and the release of new "Slingo" games,
which have had increased take up by consumers.
Whilst the revenue growth in the Period was helped by the impact
of COVID-19, trading during the 7 weeks following the Period end,
which were post lockdown, have maintained similar levels seen
during the Period.
As a result of this, the Board expects revenue and EBITDA for
the full year to 31 December 2020 to be materially ahead of current
market expectations.
The Board will be announcing its H1 2020 results on 8 September
2020.
Gaming Realms plc
Michael Buckley, Executive Chairman
Mark Segal, CFO 0845 123 3773
Peel Hunt LLP - NOMAD and broker
George Sellar
Andrew Clark
Will Bell 020 7418 8900
Yellow Jersey
Charles Goodwin 07747 788 221
Annabel Atkins 07983 557 851
Georgia Colkin
This announcement contains inside information within the meaning
of the Market Abuse Regulation. The person responsible for
arranging release of this announcement on behalf of Gaming Realms
plc is Mark Segal, Chief Financial Officer.
About Gaming Realms
Gaming Realms creates and licenses innovative games for mobile,
with operations in the UK, U.S. and Canada. Through its unique IP
and brands, Gaming Realms is bringing together media, entertainment
and gaming assets in new game formats. The Gaming Realms management
team includes accomplished entrepreneurs and experienced executives
from a wide range of leading gaming and media companies.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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