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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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Gambling News :

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

Time is Money Slot Launches - Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.

ArenaCube Signs 3 New Deals - Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.

First Woman to Win a WPT Playground Championship - Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.

NHL Odds: Oilers-Blackhawks at the United Cente - Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.

2017 Partypoker.net WPT Playground main event Results - Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.

IGT In Deal With Norsk Tipping - International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.

ZYNGA POKER ENJOYS IMPRESSIVE GROWTH IN 2016 - By re-focusing on the mobile environment and poker, social gaming giant generates revenue of $741 million - without offering real money games!

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