LONDON, UK: Gaming Realms plc (AIM: GMR), the developer and licensor of mobile focused gaming content, introduced that its subsidiary, Alchemybet Limited, has been awarded an iGaming Supplier license to provide video games inside the Canadian province of Ontario forward of the opening of the province’s regulated iGaming market on four April 2022.
Gaming Realms’ entry into the Canadian iGaming market marks a significant milestone for the Group, presenting a long-term growth alternative because the Company focuses on offering its Slingo Originals game content material to Ontario’s licensed on-line on line casino operators.
With a inhabitants of 15 million, Ontario is bigger than any State inside the U.S. that’s currently licensed for iGaming. It is reasonable to expect that revenues will be higher than New Jersey, Michigan or Pennsylvania, the place the Company is currently supplying its Slingo Originals content.
The Company will launch its full video games portfolio in Ontario and is now preparing for launch because the market opens.
With regard to present trading, while early inside the year, 2022 has began well with revenues in extra of management’s expectations, giving administration confidence inside the outlook.
Michael Buckley, Executive Chairman of Gaming Realms, commented: “Ontario ought to be a bigger marketplace for Gaming Realms than any of the U.S States which have regulated so far, so we’re very excited to have been awarded our provider license on this territory.
“Our approval marks an important step inside the Group’s growth trajectory as we focus on increasing and strengthening our global presence and bringing our hugely popular and innovative Slingo content material to new audiences.”
Gaming Realms creates and licenses innovative video games for mobile, with operations inside the UK, U.S. and Canada. Through its distinctive IP and brands, Gaming Realms is bringing collectively media, leisure and gaming assets in new game formats. The Gaming Realms administration team includes accomplished entrepreneurs and skilled executives from a variety of main gaming and media companies.
www.gamingrealms.com