Gaming Realms (GMR)

Business description

Gaming Realms creates and publishes innovative real money and social games for mobile, with operations in the UK and US.

Stock data

Market cap.£35m
Last close12.75p
High / Low (52 weeks)20.6p / 12.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamConsumer
SectorTravel & Leisure

Price performance

%1m3m12m
Actual(2.9)2.0(35.4)
Relative *(1.5)0.0(46.9)

* % Relative to local index

Other companies in sector Show

Company news

Gaming Realms deals into New Jersey online gambling market

Fri, 21 Apr 2017 07:07:30 GMT

Gaming Realms Signs Deal To Develop Mobile Games For ITV's Love Island

Tue, 27 Jun 2017 10:52:30 GMT

Gaming Realms hands control of QuickThink Media to Ayima London

Tue, 07 Jun 2016 14:33:46 GMT

Gaming Realms boosted by real money play

Wed, 27 Jan 2016 11:51:48 GMT

Active Runner in Focus: Gaming Realms Plc (GMR.L)

Tue, 27 Jun 2017 12:00:00 GMT

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2015A 21.2 (4.1) (5.0) (2.1) N/A N/A
2016A 34.0 (1.0) (4.4) (1.6) N/A 15.1
2017E N/A N/A N/A N/A N/A N/A
2018E N/A N/A N/A N/A N/A N/A

Last updated on 23/06/2017

Investment summary

GMR is leveraging its 'Slingo' brand in real money gaming as well as social, and via blue-chip licensing deals (Express Newspapers, 'Britain's Got Talent' website). FY16 revenues grew 60% to £34m, with a 100% increase in RMG (£21.5m). EBITDA break-even was achieved in H216 and we expect a step-up in profitability as operational leverage kicks in. Our forecasts are under review, but heavy investment is now complete and there is a defined path to profitability.

Last updated on 01/06/2017

Industry outlook

The UK government review into stakes and prizes is expected to focus mainly on FOBT machines in betting shops. Possible tighter restrictions on gambling advertising could affect GMR but would be more relevant for bingo-led TV advertising before the 9pm watershed. The European casino market is expected to grow at 9.2% to $27.2bn in 2018 with mobile a key driver. Although the timing is uncertain, the extension of POC gaming tax to 'free play' is in our forecasts from August 2017.

Last updated on 01/06/2017

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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