Gaming Realms PLC

Gaming and Technology, Uncategorized

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Gaming Realms PLC
Date: July 2018
Deal: £23m sale of a 70% equity stake in UK online casino assets and management relating to the brands Pocket Fruity, Spin Genie, Britain’s Got Talent Games and X Factor Games
About the client: Gaming Realms plc (GMR.L) is an AIM-listed developer, publisher and licensor of mobile real money and social games
About the transaction: Akur advised GMR on the transaction that resulted in the sale of 70% of the Company’s UK online casino B2C business to River iGaming plc

In addition to the consideration, River UK Casino (subsidiary of River iGaming plc) entered into a five year B2B platform and content agreement

Patrick Solution, CEO of Gaming Realms, said:

“We are delighted to announce this agreement with River iGaming, which aligns perfectly with our strategy

We are hugely grateful to the Akur team for their central role in bringing this transaction together

From identifying and introducing the most appropriate partners through to structuring, negotiating and finalising the deal with River iGaming, we have been impressed with Akur’s network, knowledge and advice throughout the process”
Lead: David Shapton
Gaming Realms PLC

 

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Chris Young…

Chris is focused on listed closed-ended funds, specialising in both equity and debt capital fundraising. He has over 16 years’ experience in both sales and research. With relationships across many of the large institutional investors in the sector, he has worked across IPOs, secondary fundraisings, placings and sales. He began his career in the City as an investment funds analyst at Credit Lyonnais in 1999, and has subsequently held positions at Lazard Panmure Gordon, Arbuthnot Securities, and most recently as a specialist salesman within the investment funds team at Westhouse Securities. He is focused on private and public real estate and REITs, infrastructure and utilities, emerging markets, private equity and alternatives. Tel: +44 (0) 20 3780 8746 Mob: +44 (0) 7471 141 303 Email: cyoung@akur.co.uk