Industry News
Patrick Southon Steps Down as CEO of Gaming Realms

Gaming Realms has announced that its CEO Patrick Southon has stepped down from his role with immediate effect. Non-executive chairman Michael Buckley will now become the executive chairman until a permanent replacement for Southon is appointed.
“During my six years as CEO, the main focus of the company was on B2C real-money gaming. However, with the last of those assets disposed of in July 2019, and the company now stable and successfully implementing its new B2B focused game development and licensing strategy, I feel now is the right time for me to pursue a new challenge,” Southon said.
The mobile games developer said it expects to report 2019 revenue modestly ahead of its expectations, thanks to “encouraging” performance of its content licensing business, which added eight new licensing agreements during the year. Gaming Realms said it expects to report adjusted loss before interest, taxes, depreciation and amortisation of GBP500,000, unchanged year-on-year.
Looking ahead, Gaming Realms said the positive momentum has continued into the start of 2020, with the company launching its content on the sites of Leo Vegas and Buzz Bingo.
“The combination of our strong games portfolio, our existing distribution agreements with global partners, and our strong pipeline of new partnerships, means we are cautiously optimistic about the significant opportunities ahead of us as we focus on the growth of the company,” Buckley said.
-
Latest News5 days ago
DreamPlay consolidates its status as a global player in the iGaming industry and opens an office and campus in Cyprus
-
Asia7 days ago
SARA TENDULKAR JOINS JETSYNTHESYS’ GLOBAL E-CRICKET PREMIER LEAGUE AS MUMBAI FRANCHISE OWNER FOR SEASON 2
-
Latest News6 days ago
A Deeper Dive into Online Casino Bonuses
-
Latest News7 days ago
Midnite named betting and casino partner of World Snooker Championship
-
eSports6 days ago
TEAM VITALITY AND NESCAFÉ LATTE PARTNER TO LAUNCH “READY TO LEVEL UP”
-
Compliance Updates6 days ago
BGC Represents Betting and Gaming Sector at Shadow DCMS Roundtable
-
Latest News7 days ago
EveryTip.com Hits Major Milestone Ahead of Grand National with Record Tipster Listings
-
Industry News7 days ago
TaDa Compares the Market for Fishing-Shooting Games