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Gaming Reals Expects 32% Upside In EBITDA In Upcoming H1 Report

Viewed 24 times29-10-2023 03:53 PM

Gaming Reals posted a pre-closing trading update that said it expected first-half 2023 revenue to rise 34% year-on-year to about 11.4 million pounds ($14.8 million).

Adjusted EBITDA, meanwhile, is expected to rise by H1 32% per year to about 4.6 million pounds.

Gaming Reals saw expected growth thanks to 25 new partnerships signed, as well as five new Slingo games released during the period.

Mark Segal, CEO of Gaming Reals, commented on the financial update, "We are pleased to announce strong results in the first half of 2023, and we demonstrate our ability to deliver continued growth in our ever-expanding gaming portfolio in existing and new markets.

"As we enter the second half of 2023, we believe that momentum will continue, underpinning a strong commercial pipeline, and that we will meet our annual targets."

In Europe, Gaming Reals launched Bet365 in the UK, 888 in Romania and Spain, Betflag in Italy, and Betsson and Mr Green Casino in Denmark.

A Swedish gaming authority license has also been granted, which clearly means the company plans to enter the Swedish market soon.

Gaming Reals also acquired brand licenses for Tetris and Taito's Space Invader, signed a new contract with Entain, and Entain launched Slingo Bingo in May. 바카라사이트

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