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Gaming Realms reports $19.5m in revenue for FY21

Gaming Realms has announced a pre-close trading update for the full year to 31 December 2021 (FY21).

financial year

As per the report, the company expects approximately £14.5m ($19.5m) in revenue for FY21 and Adjusted EBITDA of £5.6m, up 27% and 70% respectively year-on-year.

The increase was driven by the continued growth of the group’s licensing business, which launched in two new regulated iGaming US markets during 2021. The group also signed deals with 35 new international partners during 2021.

In November 2021, Gaming Realms signed a partnership with Superbet, thanks to which the company entered the regulated Romanian iGaming market.

Another highlight of the report was the deal with Jack’s Casino, which saw the group go live in the Dutch regulated market in December 2021.

In January 2022, Gaming Realms also extended its presence into the Spanish market via a deal with Gamesys (now part of Bally’s Corporation).

The preliminary results for FY21 are expected during the week commencing 25 April 2022.

Michael Buckley, Executive Chairman of Gaming Realms, commented: "We are delighted with the performance in 2021, where we launched in new markets and increased the distribution of our expanded Slingo portfolio.

“We have a strong pipeline of opportunities and the outlook is very encouraging, with the further expected expansion of our international footprint coupled with additional deals within the markets where our content is already distributed.

"We believe the strong momentum of last year will continue into 2022 which is demonstrated by entry into regulated markets announced today."


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