STRIDE GAMING COMPLETES TRIPLE ACQUISITION (Update)
Taco Assets, 8Ball and NetBoost Media
Online gaming operator Stride Gaming plc (Stride) has completed the acquisition of 8Ball, Netboost Media and the Tarco Assets
Stride has allotted and issued 3,219,500 new Ordinary Shares as part of the initial consideration payable under the Tarco Acquisition and these Tarco Initial Consideration Shares have today been admitted to trading on AIM, a company statement reads.
"This has been an exceptional period for the Group and the completion of these acquisitions will see us continue to build critical scale to become the largest online bingo operator who has its own proprietary software and, importantly, the fourth largest online bingo operator in the UK,” Eitan Boyd, chief executive of Stride Gaming said.
“As many operators in the gambling sector continue to struggle in the face of renewed pressure from higher taxes and increased regulation, we in contrast are in a stronger position than ever to realize value and deliver synergies from these acquisitions”.