Powered by its own proprietary platform, Gaming Realms’ aim is to become a meaningful player in the entertainment-led, real-money gambling and social gaming markets. After a period of heavy investment in platform development and marketing, its Q315 trading update reported that revenues are ramping up as expected (up 48% on Q215), with the company set to deliver a step change in profitability in FY16. Its FY16e EV/EBITDA is 11.3x, falling to 4.3x for 2017e, a material discount to the sec
20 Oct 2015
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A platform for growth
Powered by its own proprietary platform, Gaming Realms’ aim is to become a meaningful player in the entertainment-led, real-money gambling and social gaming markets. After a period of heavy investment in platform development and marketing, its Q315 trading update reported that revenues are ramping up as expected (up 48% on Q215), with the company set to deliver a step change in profitability in FY16. Its FY16e EV/EBITDA is 11.3x, falling to 4.3x for 2017e, a material discount to the sec