Stride Gaming feeling bullish

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.