Technological improvements and an expansion of international partners lies behind Gaming Realms’ success during 2020, with revenues for the full year expected to hit £10.7m – 55 per cent ahead of the figure for 2019.
A market update this morning stated that positive trends have continued beyond the first eight months of the year.
As a result of the increase in revenue, the company expects adjusted EBITDA of no less than £2.75m for the year ending December 31, 2020.
During this year, Gaming Realms has expanded partners, improved its technology and released new Slingo Games, including Slingo Fluffy Favourites. In the second half of 2020, Gaming Realms went live with five new partners, including Paddy Power Betfair in Europe.
The company has applied for licenses in Pennsylvania and Michigan in the US and hopes to launch in these states during the first half of 2021.
