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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."



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Bingo Cataratas Offers Unique Spin on Classic bingo - Bingo Cataratas (Spanish for waterfalls) is changing the way people think about bingo according to Bovada. Just because bingo is a classic with a huge following, doesn’t mean it can’t be spiced up with a fresh new format. Bingo Cataratas has the basic structure of bingo, but also has an “extra ball” feature and a bonus mini game.

NBA Odds: Hawks-Pacers in Regular-Season Finale - Depending on the results of Game No. 81, Wednesday’s regular-season finale (8 PM ET, ESPN) between the Atlanta Hawks and Indiana Pacers could decide whether Indiana reaches the postseason. It could also give the Pacers a higher seed than Atlanta in the Eastern Conference playoffs.

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