Fri Sep 20 13:00:00 UTC 2024: ## RoyaLand Reports Preliminary Loss, Eyes Growth in Gaming Market
**HAMILTON, Bermuda – September 20, 2024** – The RoyaLand Company Ltd. (Proposed OTC Markets Ticker: RLND), a Bermuda holding company focused on creating a royalty-themed online and offline experience called myRoyal.World, announced preliminary unaudited financial results for its fiscal year ended June 30, 2024.
The company expects to record an adjusted net loss of approximately $1.1 million for the year. The majority of expenses were attributed to product research and development, legal and accounting fees, and consulting fees, including stock-based compensation.
RoyaLand is currently developing a mobile-first massively multiplayer online role-playing game (MMORPG) called TheRoyal.Land, which aims to be a unique, historically inspired monarchy-based game. The company is collaborating with Emanuele Filiberto di Savoia, the grandson of the last King of Italy, and seven other royal families to create a “past-meets-future entertainment experience.”
TheRoyal.Land will feature a vast range of player roles, from artisans to knights, prisoners to princes, all contributing to the virtual realm. RoyaLand is confident in the growth potential of the video game market, which is expected to reach $282.3 billion in revenue by 2024. The company plans to leverage the worldwide interest in royalty to expand its brand and products globally.
RoyaLand is currently in the development phase for TheRoyal.Land and myRoyal.World. The company has partnered with Neosperience S.p.A. to design and develop the game using its proprietary technology. Neosperience’s advanced technology will create immersive in-game environments, realistic characters, and dynamic difficulty levels, enhancing player engagement and immersion.
“We believe that TheRoyal.Land will be the first historically inspired monarchy-based MMORPG,” stated a RoyaLand spokesperson. “Our objective is to connect and engage players from around the world through royalty-themed entertainment.”
The company anticipates releasing further updates on its progress and future plans in the coming months.