It sees the AIM-quoted group add the right to licence NetEnt’s acclaimed slot brand, Starburst, so that it can be combined with its Slingo genre of games.
Slingo Starburst will be available worldwide and will be distributed to the online real money gaming (RMG) market in early 2021.
"We're thrilled to have secured the licensing rights to NetEnt brands - their slot games have dominated the gaming industry for years,” Mark Segal, Gaming Realms chief financial officer said in a statement.
“The combination of Slingo and Starburst will create a new game of significant global stature bringing together the best features of both, making this collaboration very exciting for fans."
Andy Whitworth, NetEnt chief commercial officer, added: “To widen the reach of our portfolio and building brand awareness in new markets is a vital part of our strategy.
“Gaming Realms has an extraordinary reach among Slingo fans, especially in the US. We are certain that great games will come out from combining Gaming Realms' expertise, the Slingo grid mechanic and our renowned IP."