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STRIDE GAMING FLOATS ON LONDONíS AIM
Tuesday May 19,2015 : STRIDE GAMING FLOATS ON LONDON’S AIM
UK-focused bingo-led firm market capitalisation valued at GBP 66.2 million based on placing price.
In an industry update, Stride Gaming plc said its first day of dealings on London’s Alternative Investment Market (AIM) had raised GBP 11.2 million to support the Company’s strategic growth opportunities.
The multi-branded UK-focused online bingo-led operator’s Ordinary Shares were admitted on AIM today (Tuesday) under the ticker code STR.
50,151,513 Ordinary shares were placed at a price of 132 pence to raise gross proceeds of GBP 11.2 million giving a market capitalisation at the Placing Price of GBP 66.2 million.
Stride Gaming provides online bingo and related activities through its proprietary and purchased software principally to the UK market. Online bingo brands comprise Kitty Bingo, Lucky Pants Bingo, Bingo Extra, Jackpot Café, Jackpot Liner, King Jackpot, along with online casino brands Spin and Win and Magical Vegas.
The company is led by industry veterans Nigel Payne, as non-executive chairman, Eitan Boyd as chief executive officer, and Darren Sims as chief operating officer.
Payne previously served as chief executive officer of Sportingbet plc while Sims successfully sold two online bingo-led businesses for GBP 60 million and US$ 42 million respectively prior to establishing Stride Gaming.
“Our Admission to AIM will expedite the Company’s organic and acquisitive growth strategy and provide it with a fantastic platform to grab significant market share as a result of increased regulation,” Boyd said.
“The listing will also enhance the Group’s profile and brand awareness and will help facilitate our ambitions to become the market leader in online bingo.”
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 -
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