19th of May 2015 Author: Glo Wood
Stride Gaming plc, provider of online bingo services, has raised GBP 11.2 million on its first day on the London Alternative Investment Market (AIM).
The online bingo operator's Ordinary Shares were listed on AIM on Tuesday under the ticker code STR.
Stride Gaming provides operates its proprietary and purchased software primarily in the UK market under the following brands: Kitty Bingo, Lucky Pants Bingo, Bingo Extra, Jackpot CafÃ©, Jackpot Liner, King Jackpot and online casinos Spin and Win and Magical Vegas.
Nigel Payne serves as non-executive chairman, Eitan Boyd holds the chief executive officer position and Darren Sims is the chief operating officer.
'Our Admission to AIM will expedite the Company's organic and acquisitive growth strategy and provide it with a fantastic platform to grab significant market share as a result of increased regulation,' Boyd said.
'The listing will also enhance the Group's profile and brand awareness and will help facilitate our ambitions to become the market leader in online bingo.'
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