Almost five months after being licensed in the American state of Michigan and British online casino games developer Gaming Realms has announced that the Pennsylvania Gaming Control Board has awarded it with an interactive gaming manufacturers licence.
The London-headquartered firm behind the Slingo portfolio of mobile-friendly online casino games used an official press release to detail that the new license will allow it to begin offering its innovations to certified iGaming operators in ‘The Keystone State’ such as BetMGM, DraftKings Incorporated and FanDuel Group.
Imminent introduction:
Gaming Realms, which is moreover licensed by the regulator for New Jersey, disclosed that Pennsylvania is the fifth most populous state in the United States courtesy of a population of approximately 13 million people. It went on to pronounce that it anticipates launching its Slingo-branded game content into the eastern jurisdiction ‘in the near future’ around the same time as it goes live in Michigan.
Prodigious possibilities:
Michael Buckley serves as the Executive Chairman for Gaming Realms and he used the press release to explain that online casino revenues from operators in Pennsylvania last year grew by 574% on a comparative basis to around $565.7 million following the eastern state’s legalization of iGaming some 29 months ago. However, the Pennsylvania Gaming Control Board recently divulged that aggregated receipts for such activities decreased by slightly over 5.1% month-on-month in April to about $92.6 million as land-based takings continued to recover following the lifting of a coronavirus-induced lockdown.
Read a statement from Buckley…
“We are now licenced in the three largest states for iGaming and look forward to more states regulating in the future. We have signed a number of multi-state deals and direct integration agreements with some of the largest operators in the United States to give us an excellent opportunity to capitalize on the expansion of the exciting United States iGaming market.”
Respectable results:
Gaming Realms is listed on the London Stock Exchange and recently recorded an adjusted profit for the twelve months to the end of December of £2.9 million ($4.1 million) after ending 2019 with a deficit in the region of £300,000 ($424,900). Investors’ Chronicle recently reported that the firm saw licensing receipts for last year rise by 81% on a comparative basis to £7.5 million ($9.9 million) as its social publishing sales skyrocketed by more than 40% to £3.9 million ($5.5 million).
Attractive alliances:
Adding to the good news for Gaming Realms and the newspaper reported that the innovator last year added ten new proprietary titles to its remote game server and inked strategic partnership deals with a host of top-tier iGaming operators embracing 888 Holdings, Flutter Entertainment and Sky Betting and Gaming. This purportedly came after the firm had bagged licensing arrangement for new Slingo-branded innovations with some of the industry’s most prominent developers including Playtech and NetEnt AB.
