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The UK-based developer Gaming Realms sees a strong start to the year, with a 22% revenue increase seen within the first two months of the year compared to the same period in 2024.
The company shared the news through its ‘Annual Results 2024’ report on Monday (March 31) which highlights the statistics.
In the same year that Gaming Realms released 12 new unique Slingo games to the market, it also saw revenue increase by 22% to £28.5M (roughly $36.8M). In 2023, the figure stood at £23.4M (around $30.2M).
Within this, the breakdown includes licensing revenue increasing by 23% to £24.5M and social publishing revenue having increased by 14% to £4.0M.
Commenting on the Group’s performance, Mark Segal, CEO, said: “I am thrilled to share that 2024 has been another record-breaking year for Gaming Realms, with our performance including a 22% increase in revenue and a 30% lift in Adjusted EBITDA.
“This is strong evidence of the effectiveness of our content licensing strategy, as well as the rising popularity of our Slingo portfolio in international iGaming markets.”
Gaming Realms continues launching with new partners worldwide
The business was also granted full iGaming Supplier Licenses in both West Virginia and British Columbia. It launched content in West Virginia too, with this being the fifth U.S. state regulated for iGaming where the group is represented.
As well as this, Gaming Realms launched with 44 new partners globally. In North America, this was with Fanduel in Pennsylvania and Connecticut, as well as with Fanatics in New Jersey, Michigan, Pennsylvania, and West Virginia.
In Europe, this was with Danske Spil in Denmark, Betclic in Italy, and Solverde in Portugal.
The CEO shares more about 2025 so far within the report: “Building on the momentum, we have made an excellent start to 2025 with our recent launch in Brazil, a newly regulated iGaming market, which expands our global presence to 21 markets.
“We have also launched with 9 new partners and released three new Slingo games, further enhancing our exciting and popular portfolio of content.
“As we move through 2025, we look forward to sharing updates on our continued expansion into new markets, the growth of our exciting game portfolio and upcoming partner launches.”
Featured Image: AI-generated via Ideogram
