GMR to sell stake in UK online casino business to River UK Casino Don’t like this site anymore they have made it hard to navigate, I have gone over to LSE much easier to use.
GMR to sell stake in UK online casino business to River UK Casino 27/06/2018: Gaming Realms plc (GMR.L), the developer, publisher and licensor of mobile real money and social games, announces that the Company has entered into an agreement, conditional upon shareholder approval, to sell a 70% stake in most of its UK online casino B2C business to River UK Casino Limited (“River UK Casinoâ€, a subsidiary of River iGaming plc, a company listed on the Merkur Market of the Oslo Bors (“River iGamingâ€)) for a total cash consideration of up to GBP23.1 million (the “Transactionâ€). I would have pasted a link to the news on ADVFN but have had trouble doing that. John
Ebitda positive [link]
Re: This company is booming Fill yer boots mate, it can only be good for me and push the price up to a level where I can exit.RNS's do not a company make. Just wait for the next dilution IOTS
This company is booming Looking at recent news and developments there has been some transformational developments. Gaming realms could be the next 5 bagger or maybe share of 2018
MWAHHHHHH Should Gaming Realms successfully meet our forecasts for 2018 and 2019 it made I larf
Re: Fall or them diluting - just to keep the money rolling in - if you know what I mean
Re: Fall Can't see any news so maybe it's just the market makers dropping the price to help fill the large 3.3M purchase that went thro today..?
Fall Does any one know the reason for such a big fall this week?
Ayima partnership Edison published a note this morning on Research Tree: "Gaming Realms has announced a strategic partnership with the Ayima digital marketing agency whereby it is injecting its QuickThink Media (QTM) assets in return for a 10% stake valued at £540k. The rationale for the deal is to allow Gaming Realms management to further focus on its core strength, being the development and publishing of mobile optimised social and real money games, while also strengthening QTMs outlook by placing it within a growing complementary business."
Edison published a note this morning on Research Tree: "Gaming Realms has announced a strategic partnership with the Ayima digital marketing agency whereby it is injecting its QuickThink Media (QTM) assets in return for a 10% stake valued at £540k. The rationale for the deal is to allow Gaming Realms’ management to further focus on its core strength, being the development and publishing of mobile optimised social and real money games, while also strengthening QTM’s outlook by placing it within a growing complementary business."
RNS Gaming Realms plc ("Gaming Realms", the "Company" or the "Group" Gaming Realms signs land based gaming machine licensing agreement Slingo IP agreement with Scientific Games Corporation Gaming Realms announces that it has signed a strategic, five-year licensing agreement with Scientific Games Corporation (NASDAQ: SGMS), one of the leading providers of gambling products and services to lottery and gaming organisations. The gaming machine manufacturer will have exclusive rights to produce and distribute Slingo® branded slot machines to casinos and related properties on a worldwide basis. Under the terms of the licence, Scientific Games will develop new slot games for traditional gaming machines, video lottery terminals, and on-property handheld devices. The agreement includes a minimum guaranteed royalty stream to Gaming Realms payable within the first two years. The agreement is an expansion of Scientific Games' existing licence to produce Slingo® branded scratch lottery tickets. This is one of the most successful licensing arrangements in the lottery industry, selling over $1 billion dollars' worth of tickets across 36 U.S States and three international markets. Commenting on the agreement, Patrick Southon, CEO, said: "Following on from the success of our printed lottery products partnership with Scientific Games, we are delighted with the opportunity to bring Slingo to slot machines in casinos around the world with a market leader."
Nice Future With the growth in smart phone which give more people access to these products, it can only be good for this company to grow at a good rate. One to tuck away for medium to long term.AIMO - DYOR
NewGame Capital sells its holding Gaming Realms, the creator and developer of interactive next generation online gaming products, has been notified by NewGame Capital LP, ("NewGame" that it no longer holds a notifiable interest in the Group.NewGame's controlling shareholder, bwin.party digital entertainment plc, has been engaged in a programme of non-core asset disposals since Autumn 2014. Accordingly NewGame's holding in the Group has been placed with new and existing shareholders (the "Placing".As a result of the Placing the following Directors yesterday purchased further ordinary shares of 10 pence each in the Company ("Ordinary Shares" at 20 pence per Ordinary Share:Michael Buckley bought 1,400,000 Shares - total holding now 18,000,000 Shares (9.22%)Patrick Southon bought 500,000 Shares - total holding now 10,897,039 Shares (5.58%)Jim Ryan bought 1,000,000 Shares - total holding now 1,384,615 Shares (0.71%)Atul Bali bought 1,000,000 Shares - total holding now 1,000,000 Shares (0.51%)Some of GMR's directors have very close, if not incestuous, ties with bwin.party, either directly or through NewGame (majority owned by bwin.party), Cashcade (sold to PartyGaming) or PartyGaming (merged with Bwin to form bwin.party). This may help to explain the attractive price they paid for the shares.Michael Buckley, Executive Chairman, was Executive Chairman of Cashcade, which he founded with Patrick Southon and Simon Collins in 2000, and led its sale to PartyGaming.Patrick Southon, Chief Executive Officer, was Managing Director of Cashcade and Managing Partner of NewGame, an investment fund focusing on innovation within the gambling sector.Mark Segal, Finance Director, recently left bwin.party as Finance Director of its bingo division, having been Finance Director of Cashcade until it was acquired by PartyGaming in July 2009. (He also claims to have taken the lead in the sale to PartyGaming!)Simon Collins, Executive Director, co-founded Cashcade in 2000 and was its commercial director. Following the sale of Cashcade, Simon remained at bwin.party until April 2011. Simon then joined Patrick Southon in setting up NewGame.Jim Ryan, Non-executive Director, recently retired as the Co-CEO of bwin.party. He lead the merger of PartyGaming and Bwin and the acquisition of Cashcade.