Third-party distribution agreement & Board changeSource: RNS
29 September 2021
Gaming Realms Plc
("Gaming Realms", the "Company" or the "Group")
Third-party distribution agreement with 4ThePlayer.com and Board change
Gaming Realms plc (AIM: GMR), the developer and licensor of mobile-focused gaming content, is pleased to announce that it has entered into a commercial agreement with 4ThePlayer.com, a developer of innovative mobile-first gambling games, to integrate its content onto Gaming Realms' platform for distribution in the U.S.
4ThePlayer.com, co-founded in 2018 by Andrew Porter and Chris Ash, has a growing portfolio of games that align closely with Gaming Realms' own Slingo portfolio and are currently being licensed to gaming operators in Europe.
Under the terms of this third-party distribution agreement, the first of its kind for Gaming Realms, the best performing 4ThePlayer.com games will be built into the Group's platform and distributed in the U.S. through Gaming Realms' network of partners. By the end of November, the Group expects to have integrated and released the first game. The partnership will deliver 4 to 5 games in North American markets in 2022 and beyond.
Given the conflicts of interest that could arise and in accordance with the Company's corporate governance protocols, Chris Ash is retiring as a Non-Executive Director of Gaming Realms with immediate effect.
Michael Buckley, Executive Chairman of Gaming Realms, commented: "Chris joined the Board back in 2019 and has provided valuable guidance and strategic advice to the executive management, which has helped to scale our licensing business. Given Chris is a significant shareholder of 4ThePlayer, it is right that he steps down from the Board of Gaming Realms in line with our good corporate governance practice. On behalf of the Company, I would like to thank Chris for the important contribution he has made to our success.
"At the same time, we are very excited to be adding a new revenue line to our business by building a selection of 4ThePlayer.com's games into our platform. Their portfolio of games complements Gaming Realms' own Slingo content, and their decision to partner with us highlights the strength of our distribution network in the U.S."
Gaming Realms plc
Michael Buckley, Executive Chairman
Mark Segal, CFO
0845 123 3773
Peel Hunt LLP - NOMAD and broker
020 7418 8900
07747 788 221
About Gaming Realms
Gaming Realms creates and licenses innovative games for mobile, with operations in the UK, U.S. and Canada. Through its unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. The Gaming Realms management team includes accomplished entrepreneurs and experienced executives from a wide range of leading gaming and media companies.
4ThePlayer.com is a creator of mobile-first gambling games. It makes slots as well as innovative table games. 4ThePlayer was founded in July 2018 by a team of luminaries of the gaming industry, including Andrew Porter and Chris Ash who have a combined 40 years of gaming industry experience.