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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."
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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