Gaming Realms, a firm in the gaming sector, anticipates a yearly rise in both income and earnings for its fiscal year 2021, fueled by its expansion into new territories.
Income for the twelve months ending December 31 is projected to reach £14.5 million (€17.3 million/$19.6 million), a 27% climb from the prior year.
The firm also declared that its earnings before interest, taxes, depreciation, and amortization (EBITDA) are anticipated to surge by 70% year-over-year, reaching roughly £5.6 million.
Gaming Realms attributed the expected growth to its expansion into numerous new markets worldwide and collaborations with 35 new international partners.
This encompasses obtaining permits to offer its online gambling content in Pennsylvania and Michigan in the United States. Gaming Realms secured its new Pennsylvania permit in May of last year and its Michigan permit in November.
Furthermore, Gaming Realms teamed up with JVH Gaming & Entertainment Group in December to launch content under the Jack’s Casino and Sports brands in the newly regulated Dutch market.
Gaming Realms entered the controlled online gambling market in Romania last November by joining forces with Superbet, a digital and brick-and-mortar betting operator.
In September, Gaming Realms inked a deal with 4ThePlayer.com to distribute their games. The initial game released through this collaboration, “9K Yeti,” is now accessible on Paddy Power Betfair and Gamesys. The game was initially launched in Europe and will soon be accessible in North America.
Gaming Realms also entered the controlled Spanish market at the end of the fiscal year. They teamed up with Gamesys, a long-term strategic partner, to launch their “Monopoly” and “Botamania” brands. The market has approved the release of 15 games.
Gaming Realms Executive Chairman Michael Buckley stated, “We are pleased with our performance in 2021. We launched products in new markets and expanded the reach of our Slingo portfolio.”
“We have numerous promising opportunities in the pipeline, and the future appears bright. We anticipate our global presence to expand further as we forge more agreements in markets where our content is already accessible.”
“We believe the strong momentum we observed last year will continue into 2022, and today’s announcement of entering regulated markets is a testament to that.”
Gaming Realms intends to release their preliminary results for the 2021 fiscal year in the week commencing April 25, 2022.