Gaming Realms (LSE:GMR) reported a 12% increase in content licensing revenue to £13.0 million for the first half, while total reported revenue declined slightly following a one-off brand licensing agreement recognised in the prior-year period.
Adjusted EBITDA from the group’s core operations increased 16%, alongside continued expansion of its mobile-focused gaming content licensing business.
The company added 22 operator partners during the period and continued to expand into regulated markets outside its existing operations.
UK Revenue Rises Despite Remote Gaming Duty Increase
Gaming Realms reported a 3% increase in UK revenue during the period, despite changes to the regulatory environment that included a near-doubling of Remote Gaming Duty.
Internationally, the group expanded its presence in markets including Africa and South America as it continued to distribute its gaming content through additional operator partnerships.
Gaming Realms said content licensing growth accelerated following the end of the reporting period.
Gaming Realms Expands Products and Regulated Market Presence
The company has launched Lucky Lunar, a new slot studio that broadens its product portfolio beyond its existing Slingo and other gaming content.
Gaming Realms has also entered additional regulated jurisdictions, including Alberta and Buenos Aires Province, as part of its international expansion.
The group’s business model primarily involves licensing proprietary gaming content to operators and aggregating third-party games for distribution across regulated iGaming markets.
More about Gaming Realms plc
Gaming Realms plc develops and licenses mobile-focused gaming content and operates in the U.K., U.S., Canada and Malta.
The company’s portfolio includes Slingo, bingo, slots and hybrid games, as well as its Slingo intellectual property and the Lucky Lunar slot studio.
Gaming Realms licenses its content to operator partners and also aggregates third-party games. Its operations cover regulated gaming markets across North America, Europe, Africa and Latin America.
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