Stride Gaming PLC Gambling Commission Notice (5972W)
02 August 2018 - 4:02PM
UK Regulatory
TIDMSTR
RNS Number : 5972W
Stride Gaming PLC
02 August 2018
Stride Gaming plc
("Stride Gaming", the "Company", or "the Group")
Gambling Commission Notice
The Company notes that a subsidiary of the Company (the
"Licensee") has received notice (the "Notice") from the Gambling
Commission of Great Britain (the "UKGC") of its intention to
require the Licensee to pay a significant financial penalty
following a review of the manner in which the Licensee has
historically carried on its licensed activities. The Company
further notes that the Notice is not final.
The Company is taking advice as to its options from its
advisers, which include making representations to the UKGC about
the proposed financial penalty and, if need be, appealing the
ultimate decision of the UKGC and/or the size of any penalty.
The Company will make further announcements as and when
appropriate.
Enquiries:
Stride Gaming plc
Eitan Boyd (Chief Executive Officer)
Ronen Kannor (Chief Financial Officer) +44 (0) 20 7284
www.stridegaming.com 6080
Shore Capital (Nominated Adviser and
Joint Broker)
Mark Percy +44 (0) 20 7408
Toby Gibbs 4090
Hudson Sandler (Financial PR)
Alex Brennan
Hattie O'Reilly +44 (0) 20 7796
Bertie Berger 4133
About Stride Gaming
Stride Gaming plc, listed on AIM, is a leading online gaming
operator. The Company operates a multi-branded strategy, using a
combination of its proprietary and licensed software to provide
online bingo and slot gaming and a social gaming mobile
application.
Stride Gaming's real money offering is presently focused on the
UK market, where it is licensed and only operates from the
regulated jurisdictions of the UK and Alderney. The Company has an
international reach in the mobile social gaming market with a focus
on North America. With a diverse portfolio of 143 brands, Stride
Gaming is the fourth largest online bingo operator in the UK, and
has over 25% share of the UK online bingo landscape.
Stride Gaming operates a B2B platform, Stride Together, through
which the company licences its proprietary platform to gaming
operators, media partners and retailers in the UK and globally,
enabling them to create an online presence for their customers and
enabling Stride to penetrate new and non-bingo verticals both
within UK markets and overseas territories.
Further information on the Group is available at:
http://www.stridegaming.com
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contact rns@lseg.com or visit www.rns.com.
END
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