Stride Gaming up for sale?

According to the UK Sunday Times, Stride Gaming has “put itself up for sale” instructing its nominated adviser and sole corporate broker, Investec Bank plc, to find a buyer.

The AIM-listed online bingo firm is reportedly valued at GBP 78.5 million and in a recent trading update, reported performance in line with board expectations despite continued challenging trading conditions.

Stride Gaming, along with subsidiary Daub Alderney, found itself in hot water with the UK Gambling Commission in 2018 who applied a GBP 7.1 million fine in November 2018 for failings in the company’s anti-money laundering and social responsibility procedures (see previous reports).

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