SOURCE: Gaming Nation Inc.

Gaming Nation Inc.

November 17, 2015 16:30 ET

Gaming Nation Inc. Announces Q3 2015 Financial Results

TORONTO, ON--(Marketwired - November 17, 2015) - Gaming Nation Inc. (TSX VENTURE: FAN) ("Gaming Nation" or the "Company"), today announced its financial and operational results for the third quarter ended September 30, 2015. Consolidated unaudited financial statements and Management Discussion & Analysis for the nine month period ended September 30, 2015 can be found on SEDAR ( All amounts are reported in Canadian dollars unless otherwise noted.

Q3 2015 Financial Highlights

  • The September 30, 2015 year to date operating results of Gaming Nation include the operations of 5050 Central, Fantasy Feud, Pick Nation and Fantasy Guru for the period June 9, 2015 - September 30, 2015
  • Consolidated revenue for the quarter was $3,279,443
  • Net Income for the quarter was $1,150,687
  • Adjusted EBITDA for the quarter was $582,885
  • Cash and short term investments as of September 30, 2015 was $20,896,069
  • Working Capital as of September 30, 2015 was $16,164,390

Q3 2015 Operational Highlights

  • 5050 Central successfully facilitated legislative change in the states of Texas and California
  • 5050 Central added key major professional sports teams as clients including the Washington Redskins, Denver Broncos, Sporting KC and Vancouver Whitecaps
  • Fantasy Feud grew its total registered players by 32% from Q2 while increasing total depositors by 53% during the same period
  • Fantasy Feud Q3 revenues increased by 392% from Q3 in 2014
  • Fantasy Guru and Pick Nation realized overall growth in both their subscriber bases

Scott Secord, CEO, of Gaming Nation, commented as follows: "We are pleased to announce our first full quarter results which demonstrate the continued growth of our businesses. 5050 Central and Fantasy Feud both realized substantial increases in new revenues from onboarding of new 5050 Central clients and increases in both the number of participants and depositors in Fantasy Feud. Our sports information portals, Fantasy Guru and Pick Nation are also realizing net growth in their subscriber base. These results are a reflection of our continued commitment to execute our business and operation strategies."

Q3 Conference Call Details

Gaming Nation will host a conference call on Wednesday November 18, 2015 at 11:00 a.m. ET to discuss its financial and operational results for the third quarter of 2015. Scott Secord, CEO, and Blair McGibbon, CFO, will chair the call.

To access the conference call, please dial +1-888-789-9572 or +1-416-340-2217 ten minutes prior to the scheduled start of the call. The Conference ID number is 2333404.

About Gaming Nation Inc.

Gaming Nation Inc. (TSX VENTURE: FAN) provides technology and information platforms to the sports and entertainment industry. The Company's platforms include 5050 Central, an electronic real-time raffle system, daily fantasy games through Fantasy Feud and sports information website Fantasy Guru and Pick Nation.

For more information visit,

Forward-Looking Statements

This news release contains certain forward-looking statements that reflect current views with respect to future events such as Gaming Nation outlook for future performance. Any such statements are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those projected in those forward-looking statements. Forward-looking statements involve risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions are implied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements.

Factors that could cause actual results or events to differ materially from current expectations, among other things, include risks related to market factors, and other factors discussed in materials filed with applicable securities regulatory authorities, including without limitation, matters discussed under Risk Factors and Uncertainties in the Company's Management's Discussion and Analysis for the period ended September 30, 2015, available on or that may be filed from time to time in the future. The forward-looking statements contained herein reflect Gaming Nation's current views with respect to future events, and except as required by law, Gaming Nation does not intend and undertakes no obligation to update any forward-looking statement to reflect, in particular, new information or future events or otherwise.

This release contains some measures that do not conform to IFRS, including Adjusted EBITDA. These measures are defined in the Gaming Nation Inc. Management Discussion & Analysis for Q3 2015 earnings results. These financial measures are used by many investors to compare companies, and Management believes that they are important measures in evaluating Gaming Nation. However, they are not recognized measures under IFRS and do not have a standardized meaning prescribed by IFRS. Therefore, it may not be comparable to similar measures presented by other issuers. Investors are cautioned that such measures should not be construed as alternatives to comparable IFRS measures determined in accordance with IFRS.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Contact Information:
    Scott Secord, CEO