Gaming Realms gets full Michigan licence, awaits Ontario

Mobile-focussed gambling content developer Gaming Realms announced on Tuesday that, since being issued with its provisional ‘iGaming Supplier Licence’ in Michigan in January, it had now been approved for a full licence by the state regulator, adding to its two other full licences in the US states of New Jersey and Pennsylvania.

The AIM-traded firm added that its application to supply games in the Canadian province of Ontario had been submitted, and was currently being processed.

It said it was encouraged by the performance of its games across its North America and Europe markets, and remained confident in meeting its full-year targets.

During the third quarter, content licensing revenue increased 35% year-on-year, while the new licensing and games pipeline also grew.

The company also confirmed that its ‘Slingo’ content recently went live with Wynnbet in New Jersey, and with Fanduel in Michigan.

“Gaming Realms is on track to deliver another excellent year of growth,” said executive chairmanMichael Buckley.

“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.”

At 1331 GMT, shares in Gaming Realms were up 1.23% at 39.18p.