Gaming Realms cites a strong performance’ in the United States for its 2021 entry

Gaming Realms cites a strong performance’ in the United States for its 2021 entry

Gaming Realms acknowledged its entry into two regulated igaming markets in the United States as a reason for the company’s “excellent performance” in its end-of-year pre-closing statement. 

Gaming Realms records breakthrough year

The mobile casino-focused gaming content developer reported that its FY21 revenue equals £14.5 million, up 27% from the previous year.

The company’s adjusted EBITDA increased 70% from 2021 to $5.6 million along with revenue. “We are thrilled with our performance in 2021, where we grew our Slingo range and expanded distribution,” said Michael Buckley, executive chairman of Gaming Realms.

“We have a robust pipeline of opportunities, and the prognosis is excellent, with more international expansion anticipated, as well as additional transactions in markets where our material is already disseminated.” We think that the high momentum of last year will continue into 2022, as seen by today’s announcement of entry into regulated markets.”

Gaming Realms also lauded its debut into the United States via Michigan and Pennsylvania, noting that its 2021 growth was supported by the 35 foreign collaborations signed throughout the year.

Gaming Realms entered the Romanian-regulated igaming sector in November 2021 through a deal with Superbet. The operator agreed to distribute the developer’s Slingo content in the regulated market in the country, including Slingo Extreme, Red Hot Slingo, and its most recent release, Slingo Sweet Bonanza.

Speeding Up Expansion

Following this, Gaming Realms continued its expansion in December by partnering with the JVH gaming and entertainment firm to operate under the Jack’s Casino brand in the newly regulated Dutch market. Jack’s Casino will initially provide 15 Slingo games to its Dutch players, with additional partnerships with other licensed operators planned until Q1 2022.

The company’s momentum from late 2021 to early 2022 continued as the firm entered the Spanish regulated market through a long-term strategic agreement with Gamesys – now a subsidiary of Bally’s Corporation – under the Monopoly and Botamania brands.

In this market, the first fifteen games have been approved for launch. Following a brief exclusivity with Gamesys, Gaming Realms will also offer its Slingo portfolio in Spain alongside Rank Group’s YoBingo and YoCasino brands. The company anticipates reporting preliminary FY21 results during the week of April 25, 2022.

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About Lou De Aguila

Lou Ramon Aguila is a contributor for Golden Casino News. He has a degree in BSBA Legal Management with great interest in high-profile legal cases involving sports personalities. An ultimate sports junkie, he covers just about everything in the sporting world with an emphasis on the NBA, NFL, and MLB. In his past time, Lou loves to read manga, watch anime and critique pro-wrestling matches.