Stride Gaming Report Strong H2-2016

By Brian Cullingworth, Last updated Sep 23, 2016

Pleased with organic growth

In a pre-close trading update, online bingo-led and social gaming operator Stride Gaming plc said a strong H2/2016 has led to it raising its forecast on full year results to ahead of market expectation.
Along with the expectation of full year net gaming revenue not being less than GBP 47 million (2015: GBP 27.8 million) and EBITDA GBP 12.3 million (2015: GBP 7.3 million), Stride was particularly pleased with the organic growth the company had experienced.
"We are delighted with the organic growth from our underlying business which remains robust," Eitan Boyd, chief executive of Stride Gaming, commented. This, coupled with the completion of our recent acquisitions, means we have significant scale, increased market share and are now the fourth largest online bingo operator in the UK. With these positive developments in mind the Company looks forward to the future with confidence."

Online Casino News Courtesy of Infopowa

Brian Cullingworth

Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.

We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.

His passing in February 2019 was a dark day for us. He will be forever missed.

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