Gaming Realms Enjoys Solid Casino Growth in Q2Tia Winter | 4 June 2020
While official revenue figures for the six months ending on the 30th of June, will only likely be released in around September, the brand has stated that for the first two months of 2020’s second quarter they have experienced an 80% year on year growth for licensing revenue. Gaming Realms also stated more success for the second quarter thus far, also seeing a 15% revenue growth in their social division in this time.
A Good Year For Gaming Realms
The second quarter revenue growth shows continued growth for Gaming Realm’s casino content licensing operations who also announced a good first quarter performance with an impressive 90% increase in licensing revenue compared to the previous year. Much of the developer’s growth can be attributed to their successful partnerships which include new deals with DraftKings in the United States and Sky Betting & Gaming and 888 Casino in the United Kingdom.
Despite the annual increase in revenue and major growth for the company over the last few years, Gaming Realms revealed a comprehensive loss of £5.4 million for the 2019 year. The company’s financials which were shared in April 2020, reveal a total revenue for the year of £6.9 million with licensing revenue accounting for £4.1 million of the total revenue. This licensing revenue figure was up 86.4% from 2018 where the brand raked in just £2.2 million in this sector with a total revenue of £6.2m in 2018.
Leading Creator Of Slingo Games
Gaming Realms is listed on the London Stock Exchange and is the name behind the trademarked Slingo award-winning casino games. First launched in 1995, Slingo is now a highly recognizable brand that is known for its knack for incorporating great visuals and real money mechanisms into interesting and engaging social meta games. These pokie and casino games are featured on some of the biggest gaming sites in the world.
The brand is well-known for their ability to build original content that marries compelling pokies mechanics with exciting bingo styles, boosted by recognisable brands. The licensor has over 30 games on their RGS proprietary platform with their Slingo Originals created in the company’s Colchester studios and the brand’s Victoria studios responsible for the production of their Slingo Arcade games. The brand has already rolled out three new Slingo games this year.