Gaming Realms trading update shows steady progress

In a half-year trading update London-listed Gaming Realms plc revealed steady progress over the past six months with revenues reaching GBP 15.7 million (H1/2016: GBP 14.9 million) and a significantly reduced EBITDA of GBP -0.9 million (H1/2016: GBP -3.6 million).

The Board said it remains confident in its strategy and is on track to achieve the Board’s expectations for the year as a whole.

In addition, the company expects to achieve significant positive EBITDA in the second half of the financial year with increased revenues, seasonal marketing costs reduced, and a full period of benefits from the integration of the social business.

To support this growth, Gaming Realms anticipates raising approximately GBP 1 million from investors in the relatively short term.