Renowned online slot developer, Gaming Realms, has further solidified its position in the US market with the launch of its content in Connecticut in collaboration with DraftKings. This strategic partnership allows players in the state to access a selection of exciting games, including Lucky Larry’s Lobstermania Slingo, Blackjack X-Change, and Slingo Gems, with even more titles slated for release in the near future. The successful launch in Connecticut marks Gaming Realms’ fourth US state in which it has received licensing approval, reaffirming its growth trajectory in the lucrative US iGaming industry.
Expanding Presence in the US Market:
With the USA being a pivotal growth market for Gaming Realms, the collaboration with DraftKings in Connecticut marks a significant milestone for the company. As the fourth-largest iGaming state in the US, Connecticut offers immense potential for gaming developers, and Gaming Realms is poised to capitalize on this opportunity. The online slot developer has already secured online gaming service provider licenses in Michigan, New Jersey, and Pennsylvania, further strengthening its foothold in the country’s thriving iGaming landscape.
Gaming Realms’ Licensing Success and Global Expansion:
Having obtained a coveted iGaming supplier license in Ontario earlier this year, Gaming Realms is demonstrating its commitment to global expansion. The company’s focus on securing strategic partnerships has enabled it to venture into new territories and create a diverse portfolio of games that cater to a wide audience. The recent partnership with cable channel Discovery, which led to the development of two online slot games based on popular TV shows, showcases Gaming Realms’ versatility and ability to create engaging content for different demographics.
Impressive Interim Financial Results:
Gaming Realms’ interim results for the period up to June 2022 reveal a positive growth trajectory. The company reported a 10% year-on-year increase in revenue, reaching £8.5 million in the first half of the year. Group EBITDA also demonstrated robust growth, increasing by 12% to £3.5 million, representing a healthy 41% EBITDA margin. The notable revenue growth can be attributed to strong performance in both content licensing and total licensing revenues, which grew by 57% and 15%, respectively. Excluding brand licensing, revenue surged by an impressive 36% to reach £8.2 million.
Gaming Realms’ strategic partnership with DraftKings and its successful launch of content in Connecticut mark a pivotal moment in the company’s growth journey in the US market. With a robust portfolio of games and a commitment to innovation, Gaming Realms is poised to captivate players across multiple states in the US. Its global expansion efforts, evidenced by successful licensing endeavors in Canada and other regions, further underscore the company’s ambitions to become a leading player in the iGaming industry. As the company continues to create captivating gaming experiences and explore strategic partnerships, its revenue growth and expanding presence in key markets position Gaming Realms for continued success in the future.