Ontario iGaming Provider License Approval
LONDON, UK / ACCESSWIRE / March 9, 2022 / Gaming Realms Plc (“Gaming Realms”, the “Company” or the “Group”) (AIM:GMR)the developer and licensor of mobile-focused gaming content, is pleased to announce that its subsidiary, Alchemybet Limited, has been granted a vendor license from iGaming to provide games in the Canadian province of Ontario prior to the opening of the province’s regulated iGaming market on April 4, 2022.
Gaming Realms’ entry into the Canadian iGaming market marks an important milestone for the group, presenting a long-term growth opportunity as the company focuses on delivering its Slingo Originals gaming content to casino operators. Ontario Licensed Online.
With a population of 15 million, Ontario is larger than any state in the United States that currently holds a license for iGaming. It’s reasonable to expect revenue to be higher than in New Jersey, Michigan, or Pennsylvania, where the company currently provides its Slingo Originals content.
The company will launch its full portfolio of games in Ontario and is currently preparing for launch as the market opens up.
In terms of current trading, while at the start of the year 2022 has started well with revenues exceeding management’s expectations, giving management confidence in the outlook.
Michael Buckley, Executive Chairman of Gaming Realms, commented: “Ontario is expected to be a bigger market for gaming realms than any of the US states that have regulated to date, so we are very pleased to have obtained our provider license in this territory.
“Our approval marks an important step in the group’s growth trajectory as we focus on expanding and strengthening our global presence and bringing our hugely popular and innovative Slingo content to new audiences.”
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Michael Buckley, Executive Chairman
Mark Segal, Chief Financial Officer
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About Game Realms
Gaming Realms creates and licenses innovative mobile games, with operations in the UK, US and Canada. Through its unique intellectual property and brands, Gaming Realms brings together media, entertainment and gaming assets in new gaming formats. The Gaming Realms leadership team includes accomplished entrepreneurs and experienced executives from a broad array of leading gaming and media companies.
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THE SOURCE: Gaming Realms PLC
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