Stride Gaming (STR) – New Bingo company on AIM
Stride Gaming is a multi-branded online bingo-led operator, who run brands such as Kitty Bingo, Bingo Extra and Jackpot Café. Today they announced their admission to AIM raising £11.2m at 132pence per share with the market capitalisation on Admission £66.2m.
The Stride Gaming business began operating in February 2012 and has grown by launching its own gaming brands and acquiring others. Stride Gaming has a highly experienced management team and staff with strong gaming expertise and proven track record in the online gaming industry. The Company operates its own proprietary software, which ensures that the Group can improve the gaming experience without needing to rely on other third party software providers. Management suggested that their intention to list on AIM was driven by the significant opportunities for an online bingo-led facing company to increase market share both from organic growth…