Rank Group Plc has confirmed the resignation of Bill Floydd as Chief Financial Officer (CFO) of the LSE gambling group, who is moving on to join luxury retailer Watches of Switzerland. An executive search has begun for Floydd’s replacement, as Rank’s financial officer will maintain the role until the end of year trading. The former CFO of Experian UK and …
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Rank Group Plc has confirmed the promotion of Eitan Boyd to the leadership position of Group Chief Innovation Officer (CIO). Boyd is the former Chief Executive of Stride Gaming, the multi-brand igaming operator acquired by Rank in 2019 for £120 million. The promotion was disclosed by Rank governance updating investors on the LSE group’s digital progress, in which Rank stated …
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The governance of London AIM-listed Stride Gaming has this morning disclosed that corporate net-gaming revenues for the ‘six-month period up to 28 February’ will be 5% lower than expected. Updating investors, Stride governance details that the firm’s revenue capacity has been disrupted by ‘fiscal and regulatory changes implemented in the second half of the calendar year 2018.’ In its update, …
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The governance of London AIM-listed online gambling group Stride Gaming has set aside £4 million to pay a forthcoming UK Gambling Commission (UKGC) penalty in relation to compliance failures. The UKGC penalty sees Stride revise its 2018 corporate forecasts (year ending 31 August), with governance anticipating a 20% decline in EBITDA performance to £16 million. On 2 August 2018, Stride …
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Seeking to boost its new market ambitions, London AIM-listed online gambling group Stride Gaming has confirmed the appointment of Richard Sager as Head International Business Development. An external industry appointment, undertaken by Stride Gaming governance, Sager joins Stride’s executive leadership team from online subscription nutritionist retailer Graze.com A seasoned executive in commercial development and growth strategies for international enterprise, Sager …
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Updating the market, London-AIM listed online gambling group Stride Gaming has confirmed that it has acquired a 51% stake in Indian operator Passion Gaming. Issuing a corporate update, Stride governance has disclosed that it has acquired its controlling stake in Passion Gaming for a total cash consideration of $3.75 million. Chandigarh-based Passion Gaming is the operator of popular Indian Rummy …
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London AIM-listed multi-brand igaming group Stride Gaming Plc has posted its six-month interim H1 2017 results (period ending 28 February), reporting a 21% increase in corporate revenues to £44 million. The company has detailed a ‘strong organic growth’ to its portfolio of igaming brands, with an increased yield per player of £127 for its period activity. The continued improvement of …
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UK-facing bingo brands Moon Bingo and Robin Hood bingo helped push revenues up substantially at Stride Gaming which bought the sites as part of an acquisition in the summer. The two brands came with the Tarco assets bought alongside Netboost media and 8Ball for a combined £70 million in July. The acquisitions contributed to the 22 percent rise in net …
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Online bingo and games operator Stride Gaming has confirmed that it has hit its London AIM flotation target, having amassed a total capital of £11.2 million. Stride Gaming the operating firm of igaming brands Kitty Bingo, Jackpot Café, Spin&Win and King Jackpot aims to use its float capital to increase its resources for organic growth and to fund potential acquisition …
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