Due to the deal, however, 4ThePlayer.com co-founder Chris Ash will step down from his role as non-executive director of Gaming Realms with immediate effect due to a potential conflict of interest.
The best performing 4ThePlayer.com games will be integrated to Gaming Realms, with the first release anticipated for November 2021.
The partnership is expected deliver a further 4 to 5 games in North American markets in 2022 and beyond.
Gaming Realms’ executive chairman Michael Buckley said Ash had been a valuable board member, but as part of Gaming Realms’ governance policies, it was no longer appropriate for him to continue.
“Chris joined the Board back in 2019 and has provided valuable guidance and strategic advice to the executive management, which has helped to scale our licensing business.
“Given Chris is a significant shareholder of 4ThePlayer, it is right that he steps down from the board of Gaming Realms in line with our good corporate governance practice. On behalf of the company, I would like to thank Chris for the important contribution he has made to our success.”
Expansion into the US markets helped boost Gaming Realms’ financial results in a year which saw the company record a 50% revenue increase, and start trading on the OTCQX stock market.
Buckley added: “At the same time, we are very excited to be adding a new revenue line to our business by building a selection of 4ThePlayer.com’s games into our platform. Their portfolio of games complements Gaming Realms’ own Slingo content, and their decision to partner with us highlights the strength of our distribution network in the U.S.”
Original article: https://igamingbusiness.com/4theplayer-founder-ash-exits-gaming-realms-board-following-content-deal/
