Gaming Realms ‘on track to deliver another excellent year of growth’

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Gaming Realms has detailed its latest manoeuvre within the US’ igaming ecosystem, after the gaming content developer and licensor secured full entry into the state of Michigan.

The group, which was initially issued with a provisional igaming supplier licence by the region’s Gaming Control Board in January 2021, has gained approval for a full licence by the state regulator.

This sees Michigan join Gaming Realms’ two other full US licenses that have previously been issued in New Jersey and Pennsylvania. The company made its debut in the Keystone State’s online ecosystem in September after taking its first Slingo game live with BetMGM.

Gaming Realms has also confirmed that its application to supply games in Ontario has been submitted and is currently being processed. 

The firm’s North American expansion, which in September saw 4ThePlayer integrate its content into the Gaming Realms platform for distribution, has also seen Slingo content recently go live with WynnBet in New Jersey and FanDuel in Michigan.

Furthermore, the company has also delivered a brief trading update alongside its latest US expansion, as it declared that Gaming Realms “is on track to deliver another excellent year of growth”.

The group says that it continues to be encouraged by the performance of its games across its North American and European markets, and remains confident of meeting its full year targets. 

During the third quarter of the year, content licensing revenue increased 35 per cent year on year, with the firm also reporting that its licensing and games pipeline has also grown. 

Michael Buckley, executive chair of Gaming Realms, commented: “Looking ahead, we have a strong pipeline of new licensing agreements and with the approval of a full igaming supplier licence in Michigan we have further cemented our position in the US market. With our application process underway for Ontario we continue to look forward with confidence.”