Licensing deal with Sony Pictures Television

Gaming Realms plc (AIM: GMR), the developer, publisher and licensor of mobile real money and social games, is pleased to announce that it has signed a three-year licensing deal with Sony Pictures Television (SPT). The deal will see Gaming Realms create and host the new gaming website millionairegames.com on its proprietary platform following the successful return of ‘Who Wants To Be A Millionaire?’ in the United Kingdom.

The new millionairegames.com site went live in tandem with the return of ‘Who Wants To Be A Millionaire?’ on ITV, marking the 20th anniversary of SPT’s hit global game show. The deal will also see the creation and launch of a Slingo game format of ‘Who Wants To Be A Millionaire?’ later this summer.

Commenting on the agreement, Patrick Southon, CEO, said:
“We are honoured and excited to be partnering with Sony Pictures Television and developing gaming content around one of television’s most successful gameshows, in celebration of its 20th anniversary. This opportunity is proof of our ability to build creative and innovative content and we look forward to the launch of the new Slingo ‘Who Wants To Be A Millionaire?’ format in the coming months.”

Games development and licensing agreement with ITV

Gaming Realms plc (AIM: GMR), the developer, publisher and licensor of mobile real money and social games, is pleased to announce that it has signed a multi-show game licensing agreement with ITV.

The agreement, which follows on from the success of the loveislandgames.com site launched in Summer 2017, will be initially based around the television shows Dancing on Ice, The Only Way is Essex and Hell’s Kitchen.

The new games will be hosted on Gaming Realms’ proprietary platform under the umbrella brand tellygames.com, as well as licensed to 3rd party operators as part of Gaming Realms’ ‘Slingo Originals’ licensed content model.

Commenting on the agreements, Patrick Southon, CEO, said:
“These are great commercial developments for Gaming Realms and we are delighted to be extending our partnership with ITV on the creation of entertaining gaming content based on these popular television shows.”

Slingo launched on Ladbrokes Coral gaming sites

Gaming Realms plc (AIM: GMR), the developer, publisher and licensor of mobile real money and social games, is pleased to announce that its “Slingo Originals” content has launched on a number of Ladbrokes Coral gaming sites. The games have been launched through aggregator platform, Gameiom, with whom Gaming Realms has a third-party distribution contract. Gaming Realms will receive a share of the gaming revenues generated by the Slingo games featuring on Ladrokes Coral gaming sites.

“Slingo Originals” games Slingo Riches and Pigasus Slot have launched initially on Gala Spins & Gala Bingo sites, while additionally Slingo Rainbow Riches will be exclusive for two months on Gala Spins. As part of the agreement, the “Slingo Originals” portfolio will be rolled out over the coming months across other Ladbrokes Coral brands including, Gala Bingo, Gala Casino, Ladbrokes and Coral.

Patrick Southon, CEO of Gaming Realms, said:
“This is an exciting development for the Company and we are extremely pleased to be teaming up with yet another prominent brand. The Ladbrokes Coral portfolio provides Gaming Realms with great exposure to new players and we look forward to offering them creative and innovative content.”

Rich Barr, Director of Gaming Content for Ladbrokes Coral, said:
“The unique game play of Slingo adds perfectly to the diverse range of titles offered on Ladbrokes, Coral & Gala, a really exciting prospect for our customers. Complimented by a great range of slots games, we look forward to launching Gaming Realms’ content across the Ladbrokes Coral sites.”

Licensing agreement with Golden Nugget Casino

Gaming Realms plc (AIM: GMR), the developer, publisher and licensor of mobile real money and social games, announces that it has signed a two-year licensing and revenue share agreement with New Jersey based online casino, GoldenNuggetCasino.com, to launch its “Slingo Originals” content.

Under the terms of the agreement, Gaming Realms has launched seven popular “Slingo Originals” titles on the Golden Nugget website, including the acclaimed Slingo games, Slingo Riches and Slingo Extreme. New games titles will also be rolled out over the coming months.

In 2017, Golden Nugget Casino held a 30% share of the New Jersey online gaming market, making it the largest operator in New Jersey.

Patrick Southon, Gaming Realms CEO, commented:
“Working with New Jersey’s largest online gaming operator is a fantastic opportunity for Gaming Realms. Given the size of Golden Nugget’s player base and success of Slingo to date, we are excited by the commercial prospects of our partnership.”

Thomas Winter, VP of Online Gaming at Golden Nugget, said:
“Golden Nugget prides itself for offering the largest selection of online games in New Jersey, which includes the latest and best slots but also virtual sports and live dealer table games, offered from our Atlantic City based live studio. We are very excited to start this partnership with Gaming Realms, which will see GoldenNuggetCasino.com add the innovative, New Jersey designed Slingo games.”

3-year licensing agreement with 888 Holdings

Gaming Realms plc (AIM: GMR), the developer, publisher and licensor of mobile real money and social games, is pleased to announce that it has signed a three-year licensing and revenue share agreement with 888 Holdings Plc (888), involving the distribution of new “Slingo Originals” content.

Under the terms of the agreement, 888 will host new Slingo games on its “Dragonfish” B2B platform, distributing across 200+ bingo sites. The new games include Slingo Xxxtreme and Slingo Reel Extreme, with a number of other new games due be rolled out over the next 12 months.

The new games will also be available on Gaming Realms’ proprietary sites with free demonstrations at www.slingooriginals.com.

Partnership agreement with the Health Lottery

Gaming Realms plc (AIM: GMR), the developer, publisher and licensor of mobile real money and social games, is pleased to announce that it has signed a partnership agreement with the Health Lottery.

Gaming Realms will become an instant game partner to the Health Lottery and also develop and launch ‘Health Games’, a new B2C gaming site, which will be based on Gaming Realms’ proprietary gaming platform. The long-term partnership will be based on revenue share. The Health Lottery, which is operated by Northern & Shell, is one of the most recognisable brands in the UK, with hundreds of thousands weekly customers both online and in retail.

Commenting on the agreements, Patrick Southon, Gaming Realms CEO, said:
“Gaming Realms has already successfully collaborated with Northern & Shell with the development of the Expresswins and Starwins gaming sites for The Daily Star and Daily Express brands, so the Company is delighted to be further developing its relationship and becoming a partner to the Health Lottery.”

Yakir Firestane, Director of Gaming for Northern and Shell, said:
“Gaming Realms has been one of our trusted partners for almost two years, delivering exceptional results, well above the targets. As such, it was only natural for us to approach them when we decided to develop a new gaming site under The Health Lottery brand. We have very high expectations for this new brand”.

H1 2017 Trading Update

Deferment of payment to RealNetworks

On track for profitable year

Gaming Realms plc (GMR.L), the developer, publisher and licensor of mobile real money and social games, today announces a trading update for the six months to 30 June and the deferment of its payment to RealNetworks Inc. (“RealNetworks”) until December 2017.

TRADING UPDATE

Trading update for the six-month period ended 30 June 2017 is outlined below. The Company is on track to deliver a result in line with the Board’s expectations for the year as a whole.

Financial highlights (unaudited):

H1 2016H1 2017
£’m£’m
Revenue excluding disposals14.915.7
Adjusted EBITDA1 (excluding disposals)(3.6)(0.9)

1Before share based payments and restructure costs & excludes unrealised foreign exchange losses

H1 Highlights include:

  • New B2B content licenses for the Company’s Slingo Original portfolio of games in New Jersey, USA, including Caesars Interactive Entertainment, GVC, Resortscasino.com, Pala Interactive and Rush Street Interactive
  • Launch of new ‘white label’ real money gambling sites Dealornodealcasino.com and Loveislandgames.com in partnership with ITV and Storm games
  • Social business integrated resulting in significant cost savings in the period

DEFERMENT OF REALNETWORKS PAYMENT

Gaming Realms entered into an Asset Purchase Agreement with RealNetworks Inc. dated 10th August 2015, which provided for a final payment to RealNetworks of $4m by 10th August 2017. The company is pleased to announce that this agreement has now been amended to provide for a final payment of $4.5m to be made to RealNetworks by 15th December 2017, and Gaming Realms will be negotiating suitable longer term debt financing to settle this sum in advance of this date.

CURRENT TRADING / OUTLOOK

With the H1 2017 adjusted EBITDA loss significantly reduced to £0.9m, the Board remains confident in its strategy and is on track to achieve the Board’s expectations for the year as a whole. The Board anticipates the Company will achieve significant positive EBITDA in the second half of the financial year with increased revenues, seasonal marketing costs reduced, and a full period of benefits from the integration of the social business. To support this growth, the Company anticipates raising approximately £1m from investors in the relatively short term

The Company will announce its interim results for the Period on 13th September 2017.

The Company considers that this announcement contains inside information for the purposes of the Market Abuse Regulation

Gaming Realms plc

Patrick Southon, CEO

0845 123 3773
Peel Hunt LLP

Dan Webster

Adrian Trimmings

George Sellar

020 7418 8900

 

Instinctif

Matthew Smallwood

020 7457 2020

About Gaming Realms

Gaming Realms, only founded in 2012, creates and publishes innovative real money and social games for mobile, with operations in the UK and U.S. Through its market leading mobile platform and unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats and driving market growth. The Gaming Realms management team includes accomplished entrepreneurs and experienced executives from a wide range of leading gaming and media companies who have significant experience of growing and managing business to a substantial size.

Gaming Realms launches Slingo Rainbow Riches

The Company that owns and operates the market-leading Slingo games portfolio is pleased to introduce the newest game in the library: Slingo Rainbow Riches.

This exciting and innovative game was developed in partnership with Scientific Games, a global leader in providing the world’s best gaming experiences, and extends the suite of player-favourite Rainbow Riches games, which will be distributed through Gaming Realms’ existing B2C and B2B channels.

Slingo Rainbow Riches is a unique spin on the current Slingo formats. It features the Slingo mechanic, incorporating the iconic Rainbow Riches bonus rounds and the purchase of unlimited additional spins. It is anticipated that the game will entertain and engage all players, but especially appeal to a female audience demographic who are under 34 years old and play games on their mobile devices.

Slingo Rainbow Riches will be included in the Slingo Originals portfolio and can be played on www.slingo.com.

Patrick Southon, Chief Executive Officer of Gaming Realms, said: “We are really excited about the launch of Slingo Rainbow Riches and our collaboration with Scientific Games. It is a unique game that will take the market by storm and adds to the portfolio of Slingo games already enjoyed by millions.”

Launch of Love Island Games

Gaming Realms, who develop, publish and license next-generation mobile gaming content is pleased to announce that it has entered into an agreement with ITV Commerce & Ventures and Storm Games to build and operate new gaming products based on the ITV Studios show, Love Island.

Games will be developed by both Gaming Realms & Storm Games and will take on the branding of the Love Island show. The games will be hosted on Gaming Realms’ award winning mobile gaming platform.

The games service will be available at LoveIslandgames.com and will see new Love Island themed games added to the offering over the coming weeks. ‘Love Island’, is a highly successful interactive reality dating show, where a group of singles spend seven weeks living in a luxury villa looking for fun, romance and love in the sun.
Love Island is currently being aired on ITV2 and has achieved record breaking audience viewing figures for the channel with over 1.5 million people watching on a regular basis. The series has also established itself as a true multi-platform format with each episode generating over 1 million requests on The ITV Hub.

Patrick Southon, CEO of Gaming Realms said:

“Following our successful licensing deals with Britain’s Got Talent Games and The X Factor Games we are delighted and excited to be extending our strategy with Love Island Games. Alongside Storm, we are providing gaming content and hosting the games on our state of the art platform.

Love Island is a fantastic brand to be working with. It’s fun and full of personality and matches the style of Love Island Games that have been developed.”

Slingo Original Games Portfolio Licensed and to be Launched Imminently in New Jersey, USA

Gaming Realms plc, the owner and developer of Slingo, today announces its first B2B content licensing deals for its Slingo Original portfolio of games.

Having already received a transactional waiver from the New Jersey Division of Gaming Enforcement in 2016, and following the success of its Slingo portfolio of games in the UK, GMR has signed agreements with several operators to bring its proprietary game library to the regulated New Jersey market via its own Remote Game Server (RGS).

New Jersey’s online gambling market continues to show strong growth. March 2017 was a record month for the state, with 2017 Q1 internet gaming revenues up 32% year on year to $59m.

Gaming Realms has entered into agreements to supply its award-winning games initially to Resorts Digital Gaming, Caesars Interactive Entertainment, and Pala Interactive and expects to launch May 2017.

Patrick Southon GMR CEO said: “Having invested in the development of its unique Slingo Original games portfolio and its own distribution platform, Gaming Realms has an exciting opportunity to generate high margin B2B revenues in regulated markets, and we’re delighted to have signed deals with some of the biggest gaming brands in the New Jersey market.”