2 Aug 2018 07:00
Stride Gaming plc
("Stride Gaming", the "Company", or "the Group")
Gambling Commission Notice
The Company notes that a subsidiary of the Company (the "Licensee") has received notice (the "Notice") from the Gambling Commission of Great Britain (the "UKGC") of its intention to require the Licensee to pay a significant financial penalty following a review of the manner in which the Licensee has historically carried on its licensed activities. The Company further notes that the Notice is not final.
The Company is taking advice as to its options from its advisers, which include making representations to the UKGC about the proposed financial penalty and, if need be, appealing the ultimate decision of the UKGC and/or the size of any penalty.
The Company will make further announcements as and when appropriate.
Enquiries:
Stride Gaming plc Eitan Boyd (Chief Executive Officer) Ronen Kannor (Chief Financial Officer) www.stridegaming.com
| +44 (0) 20 7284 6080 |
Shore Capital (Nominated Adviser and Joint Broker) Mark Percy Toby Gibbs
| +44 (0) 20 7408 4090
|
Hudson Sandler (Financial PR) Alex Brennan Hattie O'Reilly Bertie Berger | +44 (0) 20 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. The Company has an international reach in the mobile social gaming market with a focus on North America. With a diverse portfolio of 143 brands, Stride Gaming is the fourth largest online bingo operator in the UK, and has over 25% share of the UK online bingo landscape.
Stride Gaming operates a B2B platform, Stride Together, through which the company licences 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