Browse articles by topic

Gaming Realms commences trading on OTCQX


Content developer Gaming Realms has today (April 29) started trading its ordinary shares over-the-counter on the OTCQX Best Market in the US.

Trading commenced after Gaming Realms upgraded from the Pink market, with its shares now set to run under the ticker ‘PSDMF’ on the OTCQX.

To qualify for the OTCQX, companies must meet certain financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

Gaming Realms noted that its ordinary shares will continue to trade on the London Stock Exchange’s AIM market under the symbol ‘GMR’.

“We are delighted to be admitted to the OTCQX, a development which reflects the increased demand and interest we have been experiencing from US investors as a result of our growth in New Jersey and successful partnerships with US gaming companies,” Gaming Realms’ executive chairman Michael Buckley said.

“We have an exciting pipeline of opportunities ahead, not least our imminent launch in Michigan, our second US state, whilst we are also progressing the application process for a licence in Pennsylvania.”

Earlier this week, Gaming Realms reported a 65.2% year-on-year increase in revenue for its 2020 financial year, while also revealing it was able to significantly reduce its overall loss.

Total revenue from continuing operations in the 12 months to 31 December amounted to £11.4m (€13.1m/$15.0m), up from £6.9m in the previous year.