Gaming Realms PLC (AIM:GMR, OTCQX:PSDMF), the developer and licensor of mobile-focused gaming content, has been granted a full iGaming Supplier Licence in Michigan.
The grant follows the allocation of a provisional licence by the state regulator in January of this year.
Gaming Realms now has licences in three jurisdictions, with the other two being New Jersey and Pennsylvania. Meanwhile, the company's application to supply games in Ontario has been submitted and is currently being processed.
Gaming Realms says it continues to be encouraged by the performance of its games across its North American and European markets and remains confident of meeting its full-year targets.
During the third quarter of this year, content licensing revenue increased 35% year on year while the new licensing and games pipeline has also grown. The company is also pleased to announce that its Slingo content has recently gone live with Wynnbet in New Jersey and Fanduel in Michigan.
"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," said Michael Buckley, the executive chair of Gaming Realms.
Shares in Gaming Realms were up 2.1% at 39.2p in early deals.