Gaming Realms chairman increases stake to 8.43%

Michael Buckley, executive chairman of Gaming Realms, has opted to increase his stake in the internet gaming products producer to approximately 8.43%.

Buckley this week acquired an additional one million shares in the company for a price of £250,000 (€348,800/$379,400), increasing his total shareholding to 21 million shares.

Buckley made his purchase at an average of 25 pence per share.

Confirmation of the purchase comes just over two weeks after Gaming Realms announced that its revenue is in line with market expectations for 2015.

As reported by iGaming Business, the company cited the launch of its Slingo real-money website as one of the main reasons behind growth in revenue during the third quarter.

Revenue was up 48% to £6.2 million, with real-money net revenue also jumping by 18% to £2.8 million.

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