Gaming Realms 1H Pretax Profit Rose, Expects 2022 in Line With Market Views

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Published: Sept. 20, 2022 at 4:59 a.m. ET

By Michael Susin

Gaming Realms PLC said Tuesday that fist-half pretax profit rose driven by increased licensing revenue, and that it expects its full-year performance to match market expectations.

The London-listed gambling company said pretax profit was 1.3 million pounds ($1.5 million) for the six months ended June 30 compared with GBP803,928…

By Michael Susin

Gaming Realms PLC said Tuesday that fist-half pretax profit rose driven by increased licensing revenue, and that it expects its full-year performance to match market expectations.

The London-listed gambling company said pretax profit was 1.3 million pounds ($1.5 million) for the six months ended June 30 compared with GBP803,928 the same period a year ago.

Revenue rose to GBP8.5 million from GBP7.7 million.

The company said performance for the full year is expected to be in line with market expectations driven by a robust pipeline of deals.

The company is expected to report revenue for the full year of GBP19.5 million, according to a forecast taken from Factset based on two analysts estimates. This compares with a revenue of GBP14.7 million in 2021.

“The group has delivered another period of strong growth supported by our ongoing expansion into newly regulated markets in North America and Europe, with content licensing revenue increasing by 57%,” Executive Chairman Michael Buckley said.

Shares at 0840 GMT were down 0.7 pence, or 2.4%, at 29.0 pence.

Write to Michael Susin at [email protected]


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