• Stride Gaming Continues to Show Sizable Growth

    02 June 2015

    Stride gaming lg

    Financial reports for online gambling companies are important on both the micro and macro levels. On the micro level, you get to see how an individual company is doing. However, on the macro level, you can look at the financials for several companies to see how one particular sector of the industry is doing as a whole. In either case, Stride Gaming's most recent reports are showing that online bingo has plenty of room for growth, and they're definitely trying to lead the way.

    Large Gains for Stride

    Because they're listed on the London Stock Exchange, Stride Gaming has to release financial results on a regular basis. Their most recent report was for the middle of the fiscal year, and this covers through the end of this past February. During the relevant six-month period, they were able to take in £1.6 million in profits before taxes. When you compare this to the same six-month period from the previous year when they lost £127,000, it's a remarkable improvement. What's more is that their total assets have grown from £4.3 million in the previous corresponding six-month period to £32.6 million now.

    Big Moves and Acquisitions

    A number of big moves have happened during that time. For one, they had two new brands launch with Bingo Extra and Magical Vegas. More high-quality brands means better levels of revenues and more opportunities for future growth. On top of that, they purchased Table Top, a gaming platform created by Nextec Software. They also acquired Spacebar Media, a media firm. With Nigel Payne, long-time industry veteran and former head of Sportingbet, as the chairman of the board, the company seems to be headed in the right direction.

    The Online Bingo Industry

    The online bingo industry is wide open right now with so many emerging and newly-regulated markets, and Stride Gaming could be one of the companies to really try to take over a big piece of this market as it grows larger and larger. This is one company that will be worth keeping an eye on because they have everything they need with a solid product and a strong leader to do great things over the next few years.

    Related News

    • 10 December 2017

      BingoBilly' $10,000 Santa Patterns Party

      Every weekend, Friday through Sunday, in the month of December will feature a $10,000 Santa Patterns Party at BingoBilly. There is lots of cash to be won by lucky players. Just head to the Lucky Cup Diner Room to take part in the holiday celebrations where the halls are decked with cards of bingo. Handing Out Christmas Cash Bingo Manager, Laura Chacon said: "We’re in full holiday mode and decking our Bingo rooms with all kinds of Christmas cheer.

      Read full article
    • 23 November 2017

      BingoBilly offering players a feast of Thanksgiving Day promotions

      Bingo fans will be excited to hear that a feast of prizes is on offer this week at BingoBilly.com, in honor of the upcoming Thanksgiving holiday. To satisfy player cravings for rewards, the online bingo site is offering up a party on Turkey day, providing their members big jackpots and bonuses. The celebrations begin with a free bonus of 523% on every deposit made on November 23rd. Players will have access to their bonus right away, with the extra funds to be used on their favorite games.

      Read full article
    • 13 September 2017

      Aggregator TGP Takes on Full Habanero Portfolio

      The Gaming Platform (TGP) has inked a deal with Habanero that will see the developer's entire portfolio of HTML5 slots and table games be made available for deployment at all TGP partner casinos. Popular games, including state of the art titles like Fire Rooster, Panda Panda, Jugglenaut, and Bird of Thunder will be available alongside Habanero's recent sensation, The Dead Escape. Habanero Reach Expanded Daniel Long is Head of Sales at Habanero.

      Read full article