failed to provide the customer protection standards<\/a> that are required of all of the gambling commission’s licensees hence the fine. <\/p>\n\n\n\nEven though the penalty set the company and its subsidiaries\nstraight, it did not cripple the company’s operations in any way \u2013 Stride Gaming\nwhich operates Regal Wins Casino, Kitty Bingo and Lucky Pants Bingo brands is\none of the leading gaming operators in the UK, boasting of an 11 percent market\nshare of the massive \u00a32.8 billion a year gaming market. In fact, the company is\nlisted on AIM and has a market cap of about\n\u00a38.5 million at the time of this writing. After the sale, the company intends\nto refocus its efforts towards “winning and retaining mass market, recreational customers onto its\nbingo and casino sites” using its proprietary infrastructure and technology.<\/p>\n\n\n\n
At the moment, the Stride Gaming’s board is not currently\nconsidering an offer proposal for the company. Instead, the officials will report\nback just a short while before announcing its interim results after which they\nwill probably begin looking into proposals.<\/p>\n\n\n\n
“The board believes the group will continue to be highly cash generative and the board remains committed to its revised dividend policy to distribute at least 50% of adjusted net earnings in dividends,” the members of the company’s board said in a statement.<\/p><\/blockquote>\n\n\n\n
Leveraging Opportunities for Growth<\/h2>\n\n\n\n
As mentioned earlier, Stride Gaming certainly has no plans to hang its hats after the sale which is just one of the growth opportunities that it has been considering. As it turns out, the company is also considering a “more aggressive UK and international organic expansion strategy” which is expected to be implemented sometime this year. One of the avenues that the company is considering is online gaming which has been growing rapidly over the past few years and still shows no sign of slowing down anytime soon. This is naturally a great strategy for the company especially considering how many opportunities have been cropping up in that territory despite the fiscal and regulatory pressures<\/a> that have been cropping up in the recent past.<\/p>\n","protected":false},"excerpt":{"rendered":"Renowned UK-based online gaming operator Stride Gaming on February 11 confirmed that it is considering a number of strategic options for its future growth and one of these options happen to include a potential sale of the company. This announcement confirms the rumors that have been flying around with regards to the company putting itself […]","protected":false},"author":6,"featured_media":4256,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[54,185,186,20],"class_list":["post-4254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","tag-online-gambling","tag-sale","tag-stride-gaming","tag-ukgc"],"yoast_head":"\nUK-Based Stride Gaming Considering Potential Sale<\/title>\n<meta name=\"description\" content=\"Stride Gaming on February 11 confirmed that it is considering a number of strategic options for its future growth and one of these options happens to include a potential sale of the company.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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