Internet gambling products publisher sees an astonishing growth in the first quarter.
Gaming Realms’ rise is not too surprising to those who have kept an eye on them in the last year as well. Whilst its full-year revenue was only GBP 900,000 in 2013, it escalated quickly to GBP 11.2 million in the last 12 months.
Michael Buckley, Gaming Realms chairman said that 68% of the company’s total earnings come from their mobile casinos. It is only so natural in the modern world with everyone constantly on the go that mobile sports betting is on the rise. They expect a further increase with more work done on their hand held platform.
Buckley sees further growth in the future
“With our heavy investment in player acquisition and platform development, the board believe Gaming Realms is well placed to continue growth throughout 2015. We have seen very positive results in the first quarter of 2015, with net gaming revenue from real money on our platform increasing 80% quarter on quarter to GBP1.8 million,” said the company.
First quarter’s revenue was amounted to GBP 3.8 million. That is an incredible 23% more than the numbers posted in the fourth quarter of the previous year. An even bigger leap can be seen in real-money gambling takings, that were also up an astonishing 80%. The number of new depositing players has jumped more than 50%, gambling news reported.