Gaming Realms sees FY ahead of guidance after strong April, May revenues
By Iain Gilbert
Date: Tuesday 02 Jun 2020
(Sharecast News) - Mobile gaming developer Gaming Realms said it expected full year expects to be "significantly ahead" of current market expectations after a surge in licensing revenues.
Gaming Realms said licensing revenues were up 80% in April and May, while revenues from the group's social division were also up 15% in the period..
The AIM-listed group said its performance was underpinned by continued growth in new licensing partners - such as the recently announced partnerships with 888casino.com, Sky Betting & Gaming in the UK, and Draft Kings in New Jersey, USA.
"This performance has also been driven by the high level of take-up for the group's games by the end customers of the group's partners, aided by the release of three new Slingo games this year," added Gaming Realms.
As of 1000 BST, Gaming Realms shares had surged 22.26% to 12.35p.
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