{"id":963,"date":"2019-09-24T15:27:55","date_gmt":"2019-09-24T15:27:55","guid":{"rendered":"https:\/\/www.newbingosites.co\/?p=963"},"modified":"2019-09-24T15:31:10","modified_gmt":"2019-09-24T15:31:10","slug":"rank-group-acquire-stride-gaming-to-improve-online-bingo-network","status":"publish","type":"post","link":"https:\/\/www.newbingosites.co\/rank-group-acquire-stride-gaming-to-improve-online-bingo-network\/","title":{"rendered":"Rank Group Acquire Stride Gaming To Improve Online Bingo & Gaming Network"},"content":{"rendered":"
The United Kingdom Gambling Commission has said that the Rank Group\u2019s proposed acquisition of Stride Gaming is ok to go ahead as planned.<\/p>\n
Stride Gaming is an online operator of bingo and a casino, which Rank Group offered to buy for \u00a3115.3 million in May of this year. They needed the UKGC\u2019s approval before they could go ahead with the deal, which it now looks like they\u2019ve been given.<\/p>\n
There is a hearing booked in at the Royal Court of Jersey between the Rank Group and Stride Gaming for the 2nd of October in order to finalise the deal. That means that the 3rd of October 2019 is likely to be the final day of trading for Stride Gaming\u2019s shares, presuming that the deal gets the approval of the court.<\/p>\n
Trading would then be suspended and removed on the 7th of October, as long as the company\u2019s application to London’s Alternative Investment Market exchange is also granted.<\/p>\n
The Rank Group, which operates Mecca Bingo and Grosvenor Casino, offered to purchase Stride Gaming\u2019s fully diluted capital in its entirety for \u00a3115.3 million. Though they obviously have a strong high street presence thanks to their bingo halls and casinos, their online presence is still somewhat behind the times.<\/p>\n