Awarding of Alderney Licence

RNS Number : 1673M

Gaming Realms PLC

14 July 2014

 



Gaming Realms Plc

("Gaming Realms" or "the Company")

Awarding of Alderney Licence

Gaming Realms, the creator, publisher and marketer of next generation online gaming products, is pleased to announce that Bear Group Ltd, a wholly owned subsidiary of the Company, has been awarded a Category 1 and Category 2 eGaming licence by the Alderney Gambling Control Commission (AGCC). The new licence will allow Gaming Realms to target other regulated territories in addition to the UK (where Alderney is a white-listed jurisdiction) and will also enable the Group to explore B2B opportunities afforded to it by the excellence of its innovate gambling technology stack.

Patrick Southon, CEO Gaming Realms, said:

"Obtaining an Alderney licence is an acknowledgement of the high standard of our eGambling systems and processes. It importantly also gives Gaming Realms the platform to target the UK market with a new range of excitingly innovative gambling products and expand into other regulated jurisdictions internationally."

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For more information contact:

Gaming Realms Patrick Southon, Chief Executive Mark Segal, Chief Financial Officer	[phone]
Cenkos Securities (Nomad) Max Hartley	[phone]
Bell Pottinger Olly Scott Charles Goodwin	[phone]

About Gaming Realms:

Gaming Realms is an online gaming business formed in 2012 to develop a new generation of social bingo and slot machine gaming concepts.

Gaming Realms was founded by the team behind Cashcade, which created the leading online bingo brand, Foxy Bingo, in addition to other online bingo and casino games. The success of Cashcade culminated in its sale to bwin.party digital entertainment plc for a total consideration of approximately £96 million in 2009.

About Alderney:

Alderney has been regulating eGambling for over 10 years and from the outset adopted a conservative approach insisting on the highest standards amongst its licencees. This cautious but progressive approach has resulted in Alderney's reputation as one of the premier egambling jurisdiction.

Alderney is now one of the world's most progressive jurisdictions and it has set out its intention to provide a centre of excellence for eGambling operators with reach into all the markets they wish to enter. The Alderney licensing framework dovetails perfectly with the new regimes developing in Europe and further afield.Typically Alderney licencees are companies of exceptional standing whether they are established global players or innovative start-ups. 

 

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