Gaming Realms commences trading on OTCQX

Gaming Realms has commenced trading on the US OTCQX Best Market as it looks to turn the heads of US investors.

The Slingo supplier has been upgraded to the OTCQX from the Pink Market and will trade under the ticker symbol PSDMF.

The move onto the OTCQX sees Gaming Realms raise its profile among the US investor community, with the supplier having met a set standard to qualify for the public market.

By listing on the OTCQX, Gaming Realms will be able to use its home market reporting to make information available to investors in the US.

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

Michael Buckley, Gaming Realms executive chair, said: “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.”

Buckley went on to state the supplier’s main focus was on the US following admittance to the OTCQX.

He continued: “While the company continues to expand in the European regulated igaming market, our principal focus is on increasing our foothold in the US and building on the success of our hugely popular Slingo games in New Jersey.

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

Earlier this week, Gaming Realms posted a 66% year-on-year (YoY) increase in full-year revenue for 2020.