Stride Gaming listed in May 2015 with a buy-and-build strategy to help lead the expected consolidation of the fragmented, but solidly growing UK online bingo market and expand into complementary verticals such as social gaming. Since listing, progress has already been made in the form of the $22m acquisition of social gaming business InfiApps at an attractive valuation. Stride trades on an FY16e EV/EBITDA valuation of 12.6x. We believe that further accretive acquisitions and/or international
03 Dec 2015
Bingo-led gambling and social gaming operator
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Bingo-led gambling and social gaming operator
Stride Gaming listed in May 2015 with a buy-and-build strategy to help lead the expected consolidation of the fragmented, but solidly growing UK online bingo market and expand into complementary verticals such as social gaming. Since listing, progress has already been made in the form of the $22m acquisition of social gaming business InfiApps at an attractive valuation. Stride trades on an FY16e EV/EBITDA valuation of 12.6x. We believe that further accretive acquisitions and/or international