Stride Gaming PLC AGM Statement (5553D)

TIDMSTR

RNS Number : 5553D

Stride Gaming PLC

01 February 2018

Stride Gaming plc

("Stride Gaming", the "Company", or "the Group")

AGM Statement

Positive trading momentum and continued strategic progress

Stride Gaming plc (AIM: STR), a leading online gaming operator, will hold its Annual General Meeting ("AGM") at 9.30am today. At the meeting Nigel Payne, Non-Executive Chairman of the Group, will make the following statement:

"Stride Gaming's positive trading momentum has continued into the start of the financial year and the Group's performance is in line with the Board's expectations.

"The core Real Money Gaming business continues to perform well, supported by the strength of our first-class proprietary platform, contributions from the acquired 8ball and Tarco businesses that are now fully integrated, and the encouraging start of the Aspers Casino partnership.

"The Group has continued to execute on its strategy to develop as a leading online gaming operator, underpinned by further investment in resources and people across a range of functions including technology, business intelligence and marketing. Regulation remains central to shaping the future of online gaming, however as a multi-brand operator with scale, Stride is well placed to manage the changing regulatory landscape. As a result of this progress, the Board believes Stride Gaming is well positioned to capitalise on further growth opportunities and deliver value for all stakeholders."

Enquiries:

 
 Stride Gaming plc 
  Eitan Boyd (Chief Executive 
  Officer) 
  Ronen Kannor (Chief Financial 
  Officer)                           +44 (0) 20 
  www.stridegaming.com                7284 6080 
 Shore Capital (Nominated Adviser 
  and Joint Broker) 
  Mark Percy                         +44 (0) 20 
  Toby Gibbs                          7408 4090 
 Canaccord Genuity Limited (Joint 
  Broker) 
  Antony Isaacs 
  Emma Gabriel                       +44 (0) 20 
  Richard Andrews                     7523 8000 
 Hudson Sandler (Financial PR) 
  Alex Brennan 
  Hattie O'Reilly                    +44 (0) 20 
  Bertie Berger                       7796 4133

About Stride Gaming

Stride Gaming plc, listed on AIM, is a leading online gaming operator. The Company operates a multi-branded strategy, using a combination of its proprietary and licensed software to provide online bingo and slot gaming and a social gaming mobile application.

Stride Gaming's real money offering is presently focused on the UK market, where it is licensed and only operates from the regulated jurisdictions of the UK and Alderney. With a diverse portfolio of 143 brands, Stride Gaming is the third largest online bingo operator in the UK, and has over 25% share of the UK online bingo landscape. The Company has an international reach in the mobile social gaming market with a focus on North America.

Stride operates a B2B vertical, Stride Together, through which the company can license its proprietary platform to gaming operators, media partners and retailers in the UK and globally, enabling them to create an online presence for their customers and enabling Stride to penetrate new and non-bingo verticals both within UK markets and overseas territories.

Further information on the Group is available at: http://www.stridegaming.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGMBBMLTMBBJBAP

(END) Dow Jones Newswires

February 01, 2018 02:00 ET (07:00 GMT)

Stride Gaming (LSE:STR)
Historical Stock Chart
From Oct 2024 to Nov 2024