Gaming Realms 2021 revenue up 29 to 14 7m

Supplier Gaming Realms has published its annual financial results for the year ending 31 December 2021, as well as Q1 2022 highlights

Supplier Gaming Realms has published its one-year financial results for the twelvemonth ending 31 Dec 2021, as advantageously as Q1 2022 highlights.

Overall for 2021, revenue increased by 29% to £14.7m ($18.7m) which is up from £11.4m inwards 2020. Similarly, licensing revenue grew by 48% to £11.1m inward 2021. Conversely, societal publishing revenue dropped to £3.6m, a lessening of 8%.

EBITDA increased 146% to £5m, with the licensing section generating £6.4m EBITDA, contrasting with £3.5m inward 2020. Additionally, the social publishing segment generated £1.1m EBITDA compared to £1.4m in 2020.

Head business office overall costs reached £2.5m, downward from £2.9m in 2020. This is due largely to an increase in percentage options and charges related to stage business development activities.

Gaming Realms reached an after-tax turn a profit for the year of £1.3m, which compares positively to the red ink of £1.5m in 2020.

Operationally, Gaming Realms increased its portfolio to 53 proprietary games on the company’s remote gamey server. It also launched its services inwards two regulated iGaming markets inward the US, Wolverine State and Pennsylvania.

In addition, the companionship expanded inward Europe, entering the regulated iGaming markets of Italy, Romania and the Netherlands.

New partnerships were formed with 35 companies for dispersion of Slingo Original content, including Wynnbet, Sisal, Aspire Global and Goldbet.

Q1 saw a 43% step-up in licensing revenue to £3m. There feature also been young launches inward Espana with Gamesys and Yo Bingo, which is component of Rank Group. Following this, Gaming Realms has expanded into Quebec with Loto-Quebec as comfortably as obtained an iGaming provider licence for Ontario.

The keep company sees its 2021 success as voice of its licensing strategy which has enabled a growth in revenue. It believes the additional set in motion inward fresh regulated iGaming markets testament ply continual ontogenesis inwards the coming year.

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