Nareit’s Post

Gaming Realms PLC (AIM:GMR, OTCQX:PSDMF) said its performance in 2023 was “exceptional”, with revenue and earnings continuing to grow at double digits, in line with expectations. Reflecting strong content licensing, including 44 new partners across the group's markets, and seven licences in North America, revenue came in at roughly £23 million for the calendar year, an increase of 23% compared to last time. The pre-close trading update from the mobile-focused gaming specialist also revealed that adjusted earnings (EBITDA) is expected to be no less than £10 million, which would represent 28% growth year-on-year. Chief executive Mark Segal said this level of growth “underscores the strength and appeal of our gaming content in the global market”. More at #Proactive #ProactiveInvestors #AIM #OTCQX #GMR #PSDMF #gamingRealms #gaming #gamedesign http://ow.ly/AFU8105fefe

Gaming Realms PLC (AIM:GMR, OTCQX:PSDMF), the slot #games creator, has a “bright” future, according to its house broker, after it reported another year of double-digit revenue growth in 2023. Peel Hunt reiterated its ‘buy’ recommendation for the AIM-listed group and said the company’s guidance for the 2023 financial year was “consistent” with its own forecasts. Revenues rose by 23% to £23 million, representing another year of growth greater than 20%, while underlying earnings are expected to be at a minimum of £10 million. Content licensing was the key driver of growth during the year, with around 45 new partnerships being signed and expansion in countries like Portugal and the US. Peel Hunt targets a 60p share price for the stock, representing around a 90% premium to the current 67p trade price.   More at #Proactive #ProactiveInvestors http://ow.ly/xTC3105fg9n #AIM #OTCQX #GMR #PSDMF

Imagine earning stable, predictable income while others are just playing games—literally. Gaming REITs offer long-term leases that provide stability, and in 2023 alone, they generated $3.5 billion in funds from operations, paying out an impressive $2.5 billion in dividends. As the US gaming industry expands with more states legalizing gambling, these REITs have prime opportunities to acquire new properties and enter emerging markets. https://bit.ly/3T6Ys8J #PassiveIncome #REITs #SmartInvesting

🔥The Philippine gaming industry has marked a significant milestone in the first quarter of 2024, with gross gaming revenues (GGR) reaching an unprecedented $1.42 billion. This figure not only sets a new record for the sector but also represents a substantial increase of 18.5% over the same quarter in the previous year. #news #iGaming #gaming #gambling https://lnkd.in/dsZA2hSQ

Check out our article on M&A trends in the gaming sector discussing the 2023 market and what we expect for 2024. https://lnkd.in/dYF8vkkD

Macau's Golden Week gaming revenue surpasses predictions, according to JP Morgan As per global financial services firm JP Morgan’s estimates, gaming operators in Macau may have garnered gross gaming revenues worth approximately MOP$4.55 billion ($565 million) during the five-day Golden Week holiday from May 1 to May 5. Operators made approximately MOP$910 million ($113 million) on average per day, which has surprised analysts, exceeding earlier predictions of no more than...

📣As land-based verticals increasingly face pressure to innovate and compete with digital platforms, the upcoming  #CanadianGamingSummit  will explore the unique characteristics of land-based gaming and how to harmoniously balance tradition and innovation. More information below 👇

Atlantic City’s total gaming revenue grew solidly in March, with year-over-year increases both online and on the casino floor, according to Tuesday figures released by the New Jersey Division of Gaming Enforcement. Total gaming revenue reported by casinos, racetracks and their partners was $526.6 million for March, reflecting an 8.1% increase from totals reported in March 2023. For year-to-date, total gaming revenue reported by casinos, racetracks and their partners was $1.55 billion, reflecting a 15.7% increase from $1.34 billion reported in the prior year-to-date period. Internet gaming win set a monthly record for the month of March at $197.2 million, reflecting growth of 19% when compared with $165.7 million reported in March 2023. For the year-to-date period, internet gaming win reported by casinos and their partners was $562.8 million, reflecting growth of 22% when compared with $461.2 million for the prior year-to-date period. Follow this link to continue reading: https://lnkd.in/eFxEqcBE

Check this out - Drake Star Partners: Gaming Investments in 2023: Gaming investments returned to the pre-COVID timing. - and consider kaedim3d.com for AI that turns images into 3d game assets in minutes #gamedev #TechInGaming #GameTech

According to AGA report, gaming revenue continues to rise in the second quarter: https://lnkd.in/eeKnBYDP According to the American Gaming Association, revenue from commercial gaming reached $17.63 billion ...