Gaming Realms (GMR)

Business description

Gaming Realms creates, develops and markets interactive next-generation online gambling games delivered via mobile, tablet and desktop computers. It listed on AIM via a reverse takeover (of Pursuit Dynamics) in August 2013.

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2014A 11.2 (7.8) (8.4) (5.0) N/A N/A
2015A 21.2 (4.1) (5.1) (2.2) N/A N/A
2016E 37.1 0.8 (0.4) (0.1) N/A N/A
2017E 54.3 6.9 5.8 2.1 9.4 10.5

Last updated on 07/06/2016

Investment summary

Gaming Realms has announced a strategic partnership with the Ayima digital marketing agency whereby it is injecting its QuickThink Media (QTM) assets in return for a 10% stake valued at £540k. The rationale for the deal is to allow Gaming Realms’ management to further focus on its core strength, being the development and publishing of mobile optimised social and real money games, while also strengthening QTM’s outlook by placing it within a growing complementary business.

Last updated on 07/06/2016

Industry outlook

Over 70% of GMR's players are using mobile and tablet devices, well ahead of the industry average. Digital Spy estimates that total mobile data usage is growing at 70% pa, driven by 4G proliferation, and that 25% of mobile time is spent playing games or listening to music, according to InMobi. GMR is also hoping to expand the current UK online slot market of 1.73m players into the relatively untapped 12m adult social games market.

Last updated on 01/06/2016

Key management

Patrick Southon, CEO
Mark Segal, CFO

Company address

44 Southampton Buildings
London
WC2A 1AP
United Kingdom
0845 123 3773
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