The governance of Rank Group Plc has this morning confirmed that it has entered ‘advanced discussions’ to acquire London AIM-listed online gambling group Stride Gaming Plc. Rank the operating company of Mecca Bingo and Grosvenor Casinos, has tabled a ‘28% premium’ offer on Stride’s share price, putting forward to investors an all-cash ‘151 pence per share’ purchase price to acquire …
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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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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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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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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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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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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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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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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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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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