Increases EBITDA forecast by GBP 1.3 million
Online bingo operator Stride Gaming said in a HY2 trading update Monday it was trading ahead of management expectations and now expects an adjusted EBITDA for the year ending August 31, 2015 of no less than GBP 7 million, up from its previously estimated GBP 5.7 million.
Stride Gaming shares which listed on AIM for 132p each last month, rose 4 percent to 205p per share on the back of the update earlier today (Monday).
The company attributes its performance to the strong organic growth of the business.
Online Casino News Courtesy of Infopowa