5th of May 2015 Author: Glo Wood
Stride Gaming, an online bingo operator, plans to move ahead with plans to raise £10 million on the London AIM to build its presence in the market. The company has requested that its shares be traded on the London AIM starting May 19, 2015 with Cantor Fitzgerald Europe acting as adviser.
Kitty Bingo, Jackpot CafÃ©, Spin&Win and King Jackpot are Stride Gaming brands, which the company intends to leverage to boost growth and increase cash flow for potential acquisitions in the UK market.
Stride said that bingo operators in the UK hit hard by POC charges has left the company with an opportunity to establish itself using its property software to make the most of the current online bingo market.
Former Sportingbet Plc CEO and Non-Executive Chairman of Stride Gaming, Nigel Payne will lead the London AIM float.
Payne said, 'We feel this is an opportune moment for a scale bingo-led operator to come to Aim to capitalise on the opportunities afforded by regulatory changes, which is forcing Âconsolidation in the industry, to grow organically and through acquisition.
'Our business is profitable, Âestablished and run by a highly experienced and proven management team. Today's news marks an important step in our aim to become the market leader in online bingo.'
Bingo Software Gambling Law & Society News
7th of August 2016
23rd of October 2013
19th of February 2017
26th of December 2016
3rd of January 2017
20th of December 2016
5th of February 2017
26th of January 2017
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
Disclaimer Contact Us Privacy Gambling Help About Us Site Map
LatestBingoBonuses.com © 2006-2017