Gaming Realms enters new deal to sells its real money gaming platform

Patrick Southon, chief executive of Gaming Realms PLC (LON:GMR), talks Proactive London’s Andrew Scott through a new agreement they’ve signed to sell the company’s real money gaming operating subsidiary for £11.5mln.

The cash consideration for these transactions will include the settlement of the contracted deferred consideration of £4.2mln owed by River UK Casino to the group, due in October 2020.

Gaming Realms will retain the Slingo brand and slingo.com intellectual property (IP).