London, UK – January 10, 2023
Gaming Realms, a leading gambling company listed on the London Stock Exchange, has announced its anticipated revenue and earnings figures for the year 2023. The company expects to surpass its previous year’s results, driven by successful content licensing strategies.
Projected Revenue Boost
Gaming Realms foresees a significant increase in full-year revenue, from £18.65 million in 2022 to an impressive £23 million ($29.1 million) in 2023. This projected growth aligns perfectly with the board’s expectations, showcasing the company’s commitment to delivering exceptional results.
Enhanced Earnings
In addition to the surge in revenue, Gaming Realms also anticipates an impressive rise in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). The expected EBITDA for 2023 is set to exceed £10 million, compared to £7.8 million in the previous year. This upward trajectory reflects the company’s unwavering focus on driving profitability.
Content Licensing Driving Success
Gaming Realms attributes its success to its robust content licensing strategy, which has been instrumental in fueling growth across all major markets. In 2023, the company obtained licenses in West Virginia, marking its seventh license acquisition in North America, and Greece. It is now preparing for its imminent launch in both markets, further expanding its global presence.
Strong Financial Position
At the end of the year, Gaming Realms reported a net cash position of £7.5 million. This solid financial standing reinforces the company’s stability and positions it favorably for future growth opportunities.
