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Memery Crystal advises long standing client Gaming Realms on a framework services agreement

15/12/2017

At a glance

Memery Crystal has advised long standing AIM-listed client, Gaming Realms plc (Gaming Realms), on a 10 year framework services agreement with the Jackpotjoy group for the supply of various real money services and a secured convertible loan for £3.5m.

Gaming Realms is an online gaming business formed in 2012 to develop a new generation of social bingo and slot machine gaming concepts.  Gaming Realms was founded by the team behind Cashcade, which created the leading online bingo brand, Foxy Bingo, in addition to other online bingo and casino games.

The Memery Crystal team included corporate partner Lesley Gregory, corporate senior associate Krishen Patel, banking associate William Heywood, CMT director Robin Fry and CMT associate Sophia Costley.

Lesley Gregory commented: “We are delighted to have worked again with Gaming Realms on this transaction, having acted on its AIM listing and acquisition of Quickthink Media, and with years of previous experience acting for the Cashcade team.  We look forward to continuing our relationship with Gaming Realms at this exciting stage of the company’s progression.”

Memery Crystal is a specialist international law firm based in London with a well-established history of acting for clients in the corporate sector. As an industry-leading advisory on IPO’s and M&A, Memery Crystal have again been included in “Band 1” for AIM in the most recent edition of the Chambers UK legal directory. Furthermore, the corporate team is also ranked in “Band 2” for M&A in Chambers UK.

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