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Gaming Realms announces FY22 expectations, appointing Mark Segal as new CEO

Gaming Realms has posted a Q4 and FY22 trading update, which shows EBITDA growth of 27%.

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The supplier expects to show revenue of around £18.7m ($23m) with an EBITDA of £7.7m when it publishes its year-ending 2022 report in early April.

Furthermore, the group’s expansion in Q4 saw it launch games with 11 operators in five markets in North America, and 11 additional operators in Europe.

However, alongside its Q4 and FY22 update, Gaming Realms also announced that Mark Segal has been appointed CEO by the board – while Geoffrey Robert Green has been made CFO and a director with immediate effect.

Previously, Segal was the company’s CFO and Acting COO, with Green working alongside him as a Finance Director.

Michael Buckley, Executive Chairman of Gaming Realms, commented: “The company has delivered another strong, full-year performance with growth coming from both existing and new markets.

“This growth has been supported by the new partnerships signed with iGaming operators as well as the extension of our Slingo catalogue, with the release of new Slingo formats during the period, which have proven to be very popular. We are seeing good momentum backed by an exciting commercial pipeline and new games – we are confident that we will achieve further progress in 2023.

“We are also delighted to announce that Mark and Geoff have been appointed CEO and CFO, respectively. They have developed a strong working partnership in recent years whilst the business has achieved excellent growth. The board is excited to be working with them in their new roles and supporting the company’s ongoing commercial objectives.”

Segal spoke exclusively to Gambling Insider back in September, when he was company CFO, discussing the Ontario market among other hot topics.

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