18 Sep 2017 07:00
18 September 2017
Stride Gaming plc
("Stride Gaming", the "Company", or "the Group")
Pre-close Trading Update
Stride Gaming plc (AIM: STR), a leading online gaming operator, provides the following trading update ahead of its final results for the year ended 31 August 2017.
The Group is pleased to report that strong trading has continued in the second half of the financial year. As a result, the Board is confident of meeting the upper end of market expectations for the financial year which has now closed.
The Group intends to announce its results for the year ended 31 August 2017 on 21 November 2017.
Eitan Boyd, Chief Executive of Stride Gaming, commented:
"2017 has been a successful year for Stride Gaming. With exceptional underlying organic growth across our Real Money Gaming vertical, together with an excellent trading performance from 8ball and Tarco acquired in August of last year, and the launch of our new B2B vertical Stride Together, I am delighted with the current shape and future prospects of the business.
"One of the great strengths of Stride is our robust proprietary platform which provides great flexibility, speed to market and in-depth analysis to provide a better user experience and more profitable delivery of service. As we grow in size we are seeing the benefits of this being increasingly realised and we look forward to the future with confidence."
Enquiries:
Stride Gaming plc Nigel Payne (Non-Executive Chairman) 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
|
Canaccord Genuity Limited (Joint Broker) Bruce Garrow Emma Gabriel Richard Andrews
| +44 (0) 20 7523 8000
|
Yellow Jersey PR Felicity Winkles Georgia Colkin Joe Burgess
| +44 (0) 776 932 5254 |
About Stride Gaming plc:
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 126 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 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: www.stridegaming.com
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.