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.
About Stride Gaming
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 third 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 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.
Current trading and outlook
Building on the momentum of 2017, the Group will continue to invest in its proprietary technology and people to support Stride Gaming’s further growth. We will remain focused on driving organic growth in our core UK real money gaming market whilst continuing to appraise acquisition opportunities and developing new products and markets.
Regulation continues to play a key role in shaping the online gaming industry, particularly in the UK. Whilst the Group is facing external industry pressures such as the second Point of Consumption Tax applied to free bets, the introduction of GDPR legislation and potential changes to advertising regulations for gambling brands, the Board is confident that Stride Gaming’s scale, technology-edge and multi-brand strategy means that we are well positioned to continue to grow and take market share despite these pressures.
Passionate by being fierce and excited about what we deliver.
Creative by being pioneers and always leading the way in our industry.
Respectful by being thoughtful to those we work with and appropriate in our communications.
Accountable by being responsible and having ownership for the work we do.
Collaborative by being dedicated to succeed as a team.
Innovative by being original in everything we do.
The UK online gaming market is estimated to have totaled £2.46 billion in 2015. Gambling Compliance Research Services (“GCRS”) estimates that UK online gaming NGR will total around £2.69 billion in 2016, and expects segment growth to remain in high single digits over the next few years. UK online gaming NGR is projected to grow 8.1% to £2.91 billion in 2017 before rising a further 8.9% to £3.16 billion in 2018.
The Stride Gaming business began operating in February 2012. Stride Gaming has a highly experienced management team and staff with strong gaming expertise and proven track record in the online gaming industry.
The management team Eitan Boyd (CEO) and Darren Sims (COO) have been involved in the online bingo market since 2002, generating rapid growth in a short frame of time and successfully having been involved in the sale of two online bingo-led business, namely Globalcom Limited (now the Dragonfish platform) which provided software solutions for the likes of foxybingo.com which was sold to 888 Holdings Plc for USD $42 million in 2007 and Wink Bingo which was also sold to 888 Holdings Plc for £60 million in 2010.
February 2012Stride Gaming began operating
February 2012Launch of Spin and Win, its first website using its proprietary software
September 2012Launched online bingo brand Kitty Bingo
January 2013Launched Lucky Pants Bingo
September 2014The Company acquired the business and assets associated with the Jackpot Liner, Jackpot Café and King Jackpot brands from Table Top Entertainment
May 2015The Company listed on AIM
July 2015Acquired InfiApps a profitable, internationally focused mobile social gaming company in July 2015
August 2016Acquisition of online bingo businesses: 8Ball Games, Netboost Media and the Tarco Assets and a £27 million placing