Gaming Realms annual profits soar 47%

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Mobile game developer Gaming Realms reported record annual profits as demand for its products surged.

In fiscal year 2023, the UK-based company’s revenue increased by 26% year-on-year to 23.4 million pounds, pre-tax profits increased by 47% to 5.2 million pounds, and its cash balance increased to 7.5 million pounds at the end of the year, with no debt.

The group expanded into new markets and cooperated with 44 new partners, including Bet365, OLG, etc. Executive Chairman Michael Buckley said the company remains committed to innovation and will expand its international presence and provide innovative Slingo products.

(Source: channelnews Image source: unsplash)

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