Gaming Realms has begun trading its ordinary shares on the OTCQX Best Market in the United States, under the ticker symbol ‘PSDMF,’ as the group aims to make further progress on its primary target of achieving an increased presence in the US igaming ecosystem.
After, earlier in the week, citing the US as one of three core areas of international expansion that the group will focus on moving forward, the firm has lauded the upgrade as an “important step” in seeking to provide transparent trading for US investors.
Michael Buckley, executive chairman of Gaming Realms, commented: “We are delighted to be admitted to the OTCQX, a development which reflects the increased demand and interest we have been experiencing from US investors as a result of our growth in New Jersey, and successful partnerships with US gaming companies.
“Our quotation on OTCQX will significantly enhance our visibility in the US market and provide better access to prospective investors.
“Whilst the company continues to expand in the European regulated igaming market, our principal focus is on increasing our foothold in the US and building on the success of our hugely popular Slingo games in New Jersey.
“We have an exciting pipeline of opportunities ahead, not least our imminent launch in Michigan, our second US State, whilst we are also progressing the application process for a licence in Pennsylvania.”
To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
Gaming Realms, which upgraded to OTCQX from the Pink Open Market, will continue to trade ordinary shares on the London Stock Exchange’s AIM market under the symbol ‘GMR’.
“Gaming Realms joins a growing roster of gaming companies that choose to cross-trade on the OTCQX Market to provide greater transparency and more efficient trading for their investors globally,” added Jason Paltrowitz, executive vice president of corporate services at OTC Markets Group.
“We look forward to supporting Gaming Realms as the company works to build visibility, liquidity and long-term shareholder value.”