Gaming Realms (GMR)

Business description

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

Stock data

Market cap.£30.2m
Last close10.63p
High / Low (52 weeks)20.2p / 10.2p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamConsumer
SectorTravel & Leisure

Price performance

%1m3m12m
Actual(11.5)(19.8)(44.8)
Relative *(11.5)(18.9)(49.2)

* % Relative to local index

Other companies in sector Show

Company news

Gaming Realms confident of 2017 outlook following solid H1 performance

Wed, 19 Jul 2017 09:07:24 GMT

Gaming Realms deals into New Jersey online gambling market

Fri, 21 Apr 2017 07:10:38 GMT

Gaming Realms hands control of QuickThink Media to Ayima London

Tue, 07 Jun 2016 14:26:15 GMT

Atul Bali steps down from Gaming Realms executive role

Mon, 03 Jul 2017 08:37:30 GMT

Gaming Realms Plc (GMR.L) Awesome Oscillator Building Momentum

Sat, 19 Aug 2017 02:37:30 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 12.6
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 21/07/2017

Investment summary

GMR is leveraging its 'Slingo' brand in real money gaming (RMG) as well as social, and via blue-chip licensing deals (Express Newspapers, 'Britain's Got Talent' website, Love Island TV show). GMR reported an EBITDA loss of £0.9m in H117, but anticipates significant positive EBITDA in H217. The August $4m earn-out payment to RealNetworks has been delayed until December (for $4.5m) and the company is currently negotiating financing options. Our forecasts are under review.

Last updated on 03/08/2017

Industry outlook

H2 Gambling Capital (March 2017) estimates that the global online casino market generated c €10.5bn in GGR in 2016 and forecasts a 6% CAGR to 2021, with mobile as a key driver. The UK government review into stakes and prizes is expected to focus mainly on FOBT machines in betting shops, which will not affect GMR. Possible tighter restrictions on gambling advertising could affect GMR but would be more relevant for bingo-led TV advertising before the 9pm watershed. The extension of POC gaming tax to 'free play' is still expected to commence in August 2017.

Last updated on 03/08/2017

Key management

Patrick Southon, CEO
Mark Segal, CFO

Company address

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