Stride Gaming is a leading online gaming operator. The Company operates a multi-branded strategy, using a combination of its proprietary and non-proprietary licensed software. The Group’s scale, technological edge and multi-brand strategy mean that it is very well positioned to continue to grow and take market share despite external industry pressures.
About Stride Gaming
Stride Gaming is a leading online gaming operator which listed on the AIM Stock Exchange in May 2015. The Group is currently the third largest online bingo operator in the UK with a 12% market share. The business continues to grow its market share through the bingo-led online gaming market. The Company operates a multi-branded strategy, using a combination of its proprietary and non-proprietary licensed software to provide online bingo, casino, 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.
Stride Gaming continues to expand its multi-brand strategy and today operates over 140 sites, equating to approximately one in four online bingo brands in the UK. The Group’s scale, technological edge and multi-brand strategy mean that it is very well positioned to continue to grow and take market share despite external industry pressures. The Company owns 143 brands including the online bingo brands Kitty Bingo, Lucky Pants Bingo, Bingo Extra, Jackpot Café, Jackpot Liner and King Jackpot, together with the online casino brands Spin and Win, Magical Vegas and Big Top.
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 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 very confident that Stride Gaming’s scale, technological edge and multi-brand strategy mean that we are very well positioned to continue to grow and take market share despite these pressures.
A snapshot of the business today
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