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Stride Gaming Full Year Earning Results

STRIDE GAMING UPBEAT ON FULL YEAR RESULTS

Strong maiden results following AIM listing

Online gaming operator Stride Gaming plc delivered a solid performance for the year ended August 31, 2015 impacted by the cost of three acquisitions during the period.

Key performance indicators include:

-    Raised GBP 11.2 million with regarding to IPO on AIM.

-    Net Gaming Revenue grew 227 percent to GBP 27.8 million (2014: GBP 8.5 million);

-    Adjusted EBITDA up 508 percent to GBP 7.3 million (2014: GBP 1.2 million);

-    Adjusted profit before tax up 388 percent to GBP 3.9 million (2014: GBP 0.8 million)

-    Profit after tax of GBP 0.4 million (2014: GBP 0.8 million);

-    Gross assets up 740 percent to GBP 48.7 million (2014: GBP 5.8 million), including cash of GBP 7.4 million (2014: GBP Nil);

-    Yield per player from real money gaming up 14.3 percent to GBP 112 (2014: GBP 98).

 Stride had a transitional year, launching three new brands, entered the Spanish market and received an Italian licence from AAMS.
 
"I am delighted to present the maiden set of Preliminary Results for the year ended 31 August 2015. It has been an exceptional year for Stride Gaming and the Group's performance in the period has been outstanding,” commented Nigel Payne, Non Executive-Chairman of Stride Gaming.

"We believe we have put in place a solid foundation from which to further expedite the growth of the Company and the Board looks to the future with confidence."



Gambling News :

Summer Is Here: It’s the 2017 Super Millions Poker Open - The 2017 Super Millions Poker Open (formerly the Summer Millions) starts July 15 with a hefty $2.5 million guaranteed in the prize pool. Qualifiers begin this Thursday; you can satellite your way into the 2017 SMPO for as little as 55 cents.

Americas Card Room Biggest OSS CUB3D ever - Included in the series is the next $1,000,000 GTD Million Dollar Sunday, the Main Event of the OSS. The MOSS and BOSS also have a Main Event and all three winners will walk away with a sterling silver commemorative bracelet in addition to the prize money. Also returning is an OSS Cub3d combined leaderboard. The top-3 ranked players at the end will receive a $4,900 Punta Cana Poker Classic prize package and a sterling silver bracelet.

Microgaming Casino Games Live on PokerStars - Following a successful integration to the Quickfire platform, Microgaming games are now live on PokerStars Casino

Jurassic World Online Slot live - During the base game, the fierce and genetically modified Indominus Rex can randomly appear on the screen, awarding wins of up to 1,000x the total bet.

Is there a place for AI in poker? - If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word

MLB Odds: Mets vs. Dodgers - Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.

NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title - It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.

Vikings’ Victory Slot Launches - The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.

50 WSOP Seat Satellite - Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.

NHL Odds: Series Tied Heading Back to Pittsburgh - As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.

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