Stride Gaming has confirmed that it is considering a potential sale as part of a strategic review aimed at maximising value for shareholders. Stride Gaming has confirmed that it is considering a potential sale as part of a strategic review aimed at maximising value for shareholders. Kitty Bingo owner considering sale as part of strategic reviewThe online firm, which runs Kitty Bingo and Bingo Extra, said that it was reviewing expanding the group’s operations through acquisitions and also whether Stride should seek to participate in “potential industry consolidation through a sale of the company”. Greg Johnson, analyst at Shore Capital, said that he saw merit in a tie-up with Mecca Bingo owner Rank Group. “We see significant merit in combining Stride’s gaming assets, including its proprietary platform, with Rank, effectively doubling its online revenues.

Source: Irish Independent February 11, 2019 07:49 UTC