Tag Archives: Stride Gaming

Stride Gaming revenue capacity impacted by ‘regulatory changes’

The governance of London AIM-listed Stride Gaming has this morning disclosed that corporate net-gaming revenues for the ‘six-month period up to 28 February’ will be 5% lower than expected. Updating investors, Stride governance details that the firm’s revenue capacity has been disrupted by ‘fiscal and regulatory changes implemented in the second half of the calendar year 2018.’ In its update, …

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Stride places itself under ‘offer period’ reviewing all future options

Issuing a market statement, the governance of London AIM-listed online gambling group Stride Gaming Plc has clarified its strategic position/intent, following media reports that it seeks an outright sale of the business. Stride governance confirms that at present ‘all strategic options are being considered’ with a view to maximising shareholder value, including – i) implementing an aggressive UK and international …

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UKGC has harsh words for gaming industry amid more regulatory action

Online gambling’s reputation continues to be dragged through the mud this November, as the UK Gambling Commission (UKGC) this morning confirms that it had imposed further action on two UK-licensed operators for failing ‘to prevent money laundering and keeping consumers safe from gambling-related harms’. As previously reported this month, Daub Alderney, a subsidiary of London-AIM listed Stride Gaming was fined £7.1 …

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UKGC hits Stride Gaming with £7m fine for consistent AML & SR failures

Daub Alderney an online gambling subsidiary of London AIM-listed Stride Gaming Plc, has been fined £7.1 million for failing to meet UK Gambling Commission (UKGC) rules and standards on money laundering and protection of vulnerable customers. Concluding an investigation under the mandate of the ‘2015 Gambling Act’, a UKGC review panel found that Daub had consistently failed to: Conduct appropriate monitoring …

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Stride revises 2018 expectations following £4m UKGC compliance penalty

The governance of London AIM-listed online gambling group Stride Gaming has set aside £4 million to pay a forthcoming UK Gambling Commission (UKGC) penalty in relation to compliance failures. The UKGC penalty sees Stride revise its 2018 corporate forecasts (year ending 31 August), with governance anticipating a 20% decline in EBITDA performance to £16 million. On 2 August 2018, Stride …

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Stride appoints Richard Sager as international business lead

Seeking to boost its new market ambitions, London AIM-listed online gambling group Stride Gaming has confirmed the appointment of Richard Sager as Head International Business Development. An external industry appointment, undertaken by Stride Gaming governance, Sager joins Stride’s executive leadership team from online subscription nutritionist retailer Graze.com A seasoned executive in commercial development and growth strategies for international enterprise, Sager …

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Stride Gaming gains India vision purchasing 51% stake in Passion Gaming

Updating the market, London-AIM listed online gambling group Stride Gaming has confirmed that it has acquired a 51% stake in Indian operator Passion Gaming. Issuing a corporate update, Stride governance has disclosed that it has acquired its controlling stake in Passion Gaming for a total cash consideration of $3.75 million. Chandigarh-based Passion Gaming is the operator of popular Indian Rummy …

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Acquisition & Integration effective Stride Gaming hits H1 2017 peak metrics

London AIM-listed multi-brand igaming group Stride Gaming Plc has posted its six-month interim H1 2017 results (period ending 28 February), reporting a 21% increase in corporate revenues to £44 million. The company has detailed a ‘strong organic growth’ to its portfolio of igaming brands, with an increased yield per player of £127 for its period activity. The continued improvement of …

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Bingo on the march with Stride Gaming

UK-facing bingo brands Moon Bingo and Robin Hood bingo helped push revenues up substantially at Stride Gaming which bought the sites as part of an acquisition in the summer. The two brands came with the Tarco assets bought alongside Netboost media and 8Ball for a combined £70 million in July. The acquisitions contributed to the 22 percent rise in net …

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Stride takes step into social gaming with InfiApps

AIM-listed bingo operator Stride Gaming plc has bought InfiApps Limited, a profitable internationally-focused mobile social gaming company, for up to US$39.2m, over half of which will be paid in cash, while the remainder triggered by earn-out targets over the next two years. The acquisition will provide the Stride Gaming group with an entry into the social gaming segment of online …

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