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Licensing deals to push Gaming Realms towards profitability, CEO says

9th May 2016 7:32 am GMT
Gaming Realms

Gaming Realms chief executive Patrick Southon says that the licensing deals signed since the company's acquisition of the Slingo brand will push the operator to its first maiden profit in 2016, while revealing plans to relaunch a UK-facing bingo product later in the year.

Last week the operator revealed a net loss of £6.8m for 2015 and negative EBTIDA of £4.1m, though Southon is quick to preach the virtue of patience.

“We posted an EBITDA loss of around £8m [...]

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