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Mobile developer gaming loses CEO Patrick Southon

Say goodbye to Patrick Southern, the CEO who is leaving the game industry. He also no longer serves on the board of mobile developers.

Southon is seeking new challenges.

"In my six years as CEO, the company's main focus was on B2C real money games. The last of these assets was disposed of in July 2019, and the company now steadily and successfully implements its New game development and licensing strategies. "

He believes that as a co-founder, now is the right time to move forward, and says it is an honor to work with everyone at Gaming Realms.

Non-executive chairman Michael Buckley will fill in temporarily. He will work with Chief Financial Officer Mark Segal to keep the company running while waiting to install a permanent CEO.

Barkley spoke to the outgoing military officer.

"Patrick has made a valuable contribution to the company over the past six years as CEO, helping it successfully develop its resources and strategy to better adapt to the changing regulatory environment. I wish him everything in the future smoothly."

Analysts are carefully studying the company's revenue forecasts to see if they exceed the original forecast. Gaming Realms has signed eight new license agreements, which will not hurt.

In addition, it has reached an agreement with William Hill to put its mobile games to use. In fact, it expects to build a larger publishing platform on LeoVegas and Buzz Bingo in the coming year.

Hope it will make up for EBITDA losses in 2019. These losses are reported to be approximately £ 500,000 [$ 648,000].

This is considered a trivial loss and Buckley is confident of the future of Gaming Realms.

"FY19 was a transformative year and I am pleased with our overall performance. Now we are a streamlined company with a clear, achievable strategy backed by a skilled and talented management team."

He said that a strong gaming product portfolio, existing distribution agreements with global partners, and the company's strong new partnership have made him cautiously optimistic about significant future opportunities.

Resources: https://calvinayre.com/2020/02/12/business/patrick-southon-steps-down-as-gaming-realms-ceo/

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