Published
OnlineCasinoFinancial

Gaming Realms sees 10% H1 revenue growth, predominantly in North America

Supplier Gaming Realms has highlighted year-on-year licensing revenue growth of 57% for its interim H1 results, to £6.4m ($7.3m).

gaming realms h1 2022 gambling insider web image

Total revenue grew 10% to £8.5m, while group EBITDA was up 12% to £3.5m – with a 41% EBITDA margin.

North American revenue, in particular, saw a 55% rise to £4.7m, forming the majority of the provider's overall revenue.

Social revenue, however, fell 7% to £1.8m, but profit before tax was up 66% to £1.3m.

Some of the operational highlights that led to Gaming Realm's H1 figures included the release of new products, as well as market launches in Ontario, Spain, Denmark and with Loto-Quebec.

Michael Buckley, Gaming Realms Executive Chairman, said: "The group has delivered another period of strong growth supported by our ongoing expansion into newly regulated markets in North America and Europe, with content licensing revenue increasing by 57%.

"While brand licensing declined in the period under review, as a result of the significant contract in last year's comparative period, this was more than made up by increased income from our core content licensing.

"While we are mindful of the impact of higher inflation throughout global markets, the outlook for the group remains positive. The group has a strong new business pipeline and will also see additional revenues coming from North America, as well as from the new market entries in Europe. As such we expect to deliver on market expectations for the full year."

Gaming Realms CFO Mark Segal will speak exclusively to Gambling Insider about its H1 results.


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Executive Profiles
Sightline Payments
Sightline Payments
TalkSport Bet
Kindred Group

Global Gaming Awards Asia: What to expect in 2023

Gambling Insider looks ahead to the Global Gaming Awards Asi...

The power of the rebrand

With the help of industry experts, Gambling Insider Editor T...

Evolution Europe CEO Gionata La Torre: The Italian job

Evolution Group’s new CEO Europe, sits down with Gambling...

Big Question: How can slots innovate from here?

Simon Hammon, CEO of Relax Gaming, Erkki Nikunen, Partner &...

Read Magazine

22 March, 2023

Asia bulletin: Bloomberry terminates deal to invest in PH Travel and Leisure

Bloomberry Resorts has terminated a deal sheet between itself and PH Travel and Leisure Corp, for a proposed investment in PH Travel and Leisure subsidiaries Lapulapu Leisure and Clark Grand Leisure Group.