In a pre-close trading update, Gaming Realms has announced an expected H1 2024 revenue of approximately £13.5m, a year-on-year increase of 18 per cent.
Adjusted EBITDA displayed an even steeper growth, projected to be approximately £5.8m, a year-on-year increase of 21 per cent.
The company put the increase in performance down to the group’s “core content licensing business whose revenues grew 28% year-on-year, and where the company strengthened its market presence by partnering with 22 new clients and launching seven new Slingo games."
Highlights from North America included the launch of the Slingo portfolio with Fanduel in Pennsylvania and Connecticut, Atlantic Lottery Corporation (Canadian Maritime Provincial Lottery) and also Fanatics in New Jersey, Michigan and Pennsylvania.
Meanwhile, over in Europe, Slingo went live with Pokerstars in Italy and Romania, DAZN in the UK and Spain, Livescore in the Netherlands, Solverde in Portugal, VirginBet in the UK and Entain in Spain.
"We are delighted with our strong performance in the first half of 2024, driven by the growth in our core content licensing business,” said Mark Segal, CEO of Gaming Realms.
“Our expansion into new markets and the successful launch of new games with new and existing partners underscore the strength of our strategy. Looking ahead, we are confident in our ability to maintain this momentum and meet our full-year targets."
