Gaming Realms has obtained a full license to operate in Michigan as it announced a 35% year-on-year rise in content licensing revenue.
The developer and licensor of mobile-focused gaming content said in a trading update that it has now been granted a full iGaming Supplier License in Michigan – the US’s 10th most populous state – after operating with a provisional permit since January 2021.
Gaming Realms is already licensed in New Jersey and Pennsylvania and its application to supply games in Ontario has been submitted and is currently being processed.
The business said that during Q3 2021, content licensing revenue increased 35% year on year whilst the new licensing and games pipeline has also grown. Its performance has also been boosted by Slingo content recently going live with Wynnbet in New Jersey and FanDuel in Michigan.
Michael Buckley, executive chairman of Gaming Realms, said: “Gaming Realms is on track to deliver another excellent year of growth.
“Looking ahead, we have a strong pipeline of new licensing agreements and with the approval of a full iGaming Supplier Licence in Michigan we have further cemented our position in the US market.
“With our application process underway for Ontario we continue to look forward with confidence.”
Gaming Realms said in September that it had seen a 50% rise in revenue and triple-digit earnings growth during the first six months of 2021. Revenue totalled £7.7m ($10.6m/€9.0m), of which £5.8m came from licensing, which was up 73% year-on-year.
Some £3.1m of total revenue came from its US operations, with £2.5m registered in the Isle of Man, £1.7m from its international business and £382,000 from the UK.