Gaming Realms expects to see 32% EBITDA rise in forthcoming H1 report
The supplier expects to see a 34% increase in revenue in H1 2022 when it publishes its full financial report later this year.
Gaming Realms has posted a pre-close trading update, in which it stated its expectation that it will post circa £11.4m ($14.8m) in revenue for H1 2023 – representing a 34% increase year-on-year.
Meanwhile, its adjusted EBITDA is expected to total around £4.6m – a 32% annual H1 rise.
Gaming Realms has attributed the expected growth to the 25 new partnerships it has signed, as well as the five new Slingo games it has launched during the period.
Mark Segal, CEO of Gaming Realms, commented on the fiscal update: “We are delighted to report strong performance in the first half of 2023, demonstrating our ability to deliver consistent growth from our ever-expanding games portfolio across existing and new markets.
“As we advance into the second half of 2023, we believe the momentum will continue, backed by our strong commercial pipeline, and that we will meet our full-year targets.”
In Europe, Gaming Realms has launched with bet365 in the UK, 888 in Romania and Spain, Betflag in Italy and Betsson and Mr Green Casino in Denmark.
Furthermore, it was also given a Swedish Gaming Authority licence, meaning the company clearly intends to move into the Swedish market very soon.
Additionally, Gaming Realms also acquired brand licences for Tetris and Taito’s Space Invaders – as well as a new agreement with Entain, which saw the latter launch Slingo Bingo in May.
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