Stride Gaming taking organic growth steps with London AIM (London Stock Exchange)
08 May 2015
The world’s most successful growth market to date is without a doubt London’s AIM (London Stock Exchange). A platform for smaller companies to assist in raising capital collateral for business expansion. That is exactly what online bingo gaming company, Stride Gaming has announced earlier this week, with the intention of raising £10 million pounds ($15.1 million dollars) to position itself on the London’s AIM. This calculated move will ensure organic growth for Stride Gaming’s resources and fund potential acquisition opportunities in the United Kingdom igaming market.
This online gaming company is surely a pioneer at the forefront of online gambling and since its inception in 1999, they have created, developed and marketed interactive robust online gaming applications. The business expansion continued which saw the launch of their online bingo application as part of a Business to Business (B2B) platform in 2002. This extensive online bingo platform is still the largest of its kind in the industry today. Stride Gaming is a company with multiple brand offerings which includes online bingo, “Kitty Bingo as well as the online casino brand Spin and Win.
Stride Gaming’s chief executive officer, Nigel Payne mentioned that the company is ready to build on its success and to take immediate advantage of the ever growing consolidation in the industry as a result of regularity changes. As part of the focus strategy to accumulate the capital, Stride Gaming has nominated and appointed Canter Fitzgerald broker and adviser to the company.
Nigel Payne commented recently saying: “We feel this is an opportune moment for a scale bingo-led operator to come to AIM to capitalise on the opportunities afforded by the regulatory changes, which is forcing consolidation in the industry, to grow organically and through acquisition”. “Our business is profitable, established and run by a highly experienced and proven management team. “Today’s news marks an important step in our aim to become the market leader in online bingo. “We look forward to a successful future for the company and our goal is to deliver meaningful returns to our shareholders.”
It is evident that this online gaming operator possesses believe and faith along with calculated business approaches to exceed their financial projections and growth expectation. It surely has the skill and experience to continue to be one of the market’s most innovative and successful online gaming operators.