10 Sep 2015 07:00
10 September 2015
Stride Gaming plc
("Stride Gaming", or the "Company")
Pre-close Trading Update
Company continued strong organic growth in the second half
Stride Gaming plc (AIM: STR), the multi-branded online gaming operator, is pleased to announce the following update on trading for the financial year to 31 August 2015.
The second half of the financial year has continued to see strong organic growth within the business. As a result, the Board is pleased to report that Net Gaming Revenue for the financial year will be not less than £25 million and adjusted EBITDA for the financial year will be not less than £7 million. The Board is encouraged not only by the momentum in its existing business, but also by the encouraging initial indications from the recently acquired internationally focused mobile social gaming company, InfiApps Limited.
Stride Gaming will announce its results for the year ended 31 August 2015 by the end of November 2015.
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 |
Cantor Fitzgerald Europe (NOMAD and BROKER) | +44 (0) 20 7894 7000 |
Catherine Leftley Rick Thompson William Goode
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Yellow Jersey PR Alistair de Kare-Silver Dominic Barretto
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+44 (0) 7738 076 304
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Stride Gaming is a UK focused, real money, bingo-led online operator, using its proprietary and purchased software to provide online bingo and related gaming activities to players. Stride Gaming only operates in regulated markets, principally the UK.
The Group operates a multi-branded strategy which includes the online bingo brands Kitty Bingo, Lucky Pants Bingo, Bingo Extra, Jackpot Café, Jackpot Liner, King Jackpot, Big Top Casino together with the online casino brands Spin and Win and Magical Vegas.
In July 2015 the Group acquired the entire issued share capital of InfiApps Limited, an internationally focused mobile social gaming company, to facilitate the Group's entry into the social gaming segment of online gaming.