Gaming Realms, a developer and licensor of mobile-focused games, has announced a trading update for its full-year trading revenue where the firm anticipates a loss of £500,000.
The sobering figures come as the firm’s revenue was “modestly ahead of the board’s expectations,” driven by primarily by its content licensing business, which “continued from strength to strength” with eight new licensing agreements added throughout 2019, the company noted.
Gaming Realms is expected to release its full-year 2019 preliminary results during the week of April 13, the end of the financial year.
In 2020, the company expects to launch its content on sites like LeoVegas, a Swedish mobile igaming company, and Buzz Bingo, the online site of one of the UK’s biggest land-based bingo halls. The company also released a new game Slingo Centurion in partnership with Inspired Entertainment.
