Gaming Realms sold Bear Group to River iGaming for £11.5m.

Gaming Realms, the developer, publisher and licensor of mobile real money and social games, sold Bear Group, the company's real money operating subsidiary, to River iGaming, an investment company, for £11.5m. "The new UK regulatory environment, together with increases in Point of Consumption tax, has made it increasingly difficult to operate a sole UK facing casino and real money platform. However, the acquisition of the Slingo brand and IP in 2015 has enabled the Company to become a highly regarded developer and licensor of games in the international gaming market. This is a high growth market and one that the Board believes can be further developed for the benefit of shareholders," Patrick Southon, Gaming Realms CEO.