Gaming Realms set to reach FY24 expectations

Gaming Realms Anticipates Robust Financial Performance in FY24, Projecting 22% Revenue Increase

Gaming Realms, a leading developer and licensor in the iGaming sector, is poised to deliver financial outcomes that align closely with its forecasts for the fiscal year 2024. The company has projected an impressive 22% year-over-year increase in revenue, projecting a total of £28.5 million (€34.3 million/$35.4 million) for the 12 months ending December 31, 2024. This forecast significantly exceeds the £23 million revenue reported for fiscal year 2023.

In addition to robust revenue growth, Gaming Realms anticipates a substantial rise in EBITDA, with estimates indicating an increase to £13 million—marking a remarkable 30% growth compared to the previous year.

Gaming Realms Flourishes with Slingo Expansion

In its latest trading update, issued on February 4, Gaming Realms has underscored the impressive performance of its flagship Slingo gaming brand. Throughout FY24, the company successfully launched its Slingo portfolio alongside 44 new partners across the globe. Notably, Gaming Realms made its entry into the West Virginia market, marking its fifth regulated iGaming jurisdiction in the United States.

“We are thrilled to report these strong results for FY24, which reflect the enduring popularity of our Slingo portfolio and our innovative gaming offerings,” stated Mark Segal, Chief Executive Officer of Gaming Realms. “Our achievements in penetrating new regulated markets, in conjunction with the onboarding of numerous partners, have been instrumental in driving remarkable growth.”

Positive Trajectory into 2025

Looking ahead, Gaming Realms has reported that the demand for Slingo continues into 2025, with initial trading results deemed “encouraging.” This positive momentum is further bolstered by the renewal of its licensing agreement with Scientific Games for the Slingo brand. The renewed contract, extending for an additional five years, facilitates the distribution of Slingo-branded retail and digital games to lotteries across key markets including Australia, Canada, Europe, New Zealand, and the United States.

“We are eager to leverage this momentum throughout 2025 as we expand our market reach and further enhance our innovative content portfolio,” Segal remarked.

Preliminary results for FY24 are expected to be publicly disclosed in the week commencing March 31, offering further insights into Gaming Realms’ financial trajectory and strategic initiatives.