GMR - GAMING REALMS - Share Chat
Gaming Realms plc is an AIM-listed developer and licensor of mobile-first gaming content for the online casino industry. Renowned for pioneering the unique ‘Slingo’ game concept, a popular hybrid of slots and bingo, the company creates and distributes innovative titles through its proprietary remote gaming server (RGS).
Its core business model is B2B, focusing on licensing its extensive portfolio of Slingo and other engaging games to a global network of online operators, lottery companies, and platform providers. This generates recurring revenue primarily from licensing fees and royalties. Gaming Realms is characterised by its strong intellectual property, adaptable content, and a strategic emphasis on international expansion and product diversification within the iGaming sector.
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Gaming Realms (GMR) continues to impress with their AGM update, expecting FY24 ahead of expectations. That new Pennsylvania licence looks promising too! What are people's thoughts on their rapid US expansion strategy? Is GMR still a solid long-term play, or are valuations getting a bit stretched now? Any current holders, or considering an entry?