Leading online bingo operator Stride Gaming’s share price jumped eight per cent in morning trading after confirming reports that it is weighing up a potential sale of the company.
The gambling firm, which owns brands such as Kitty Bingo and Lucky Pants Bingo, said today that it was mulling a sale as one strategic option, although it added that it was not considering any current proposals.
Stride Gaming’s share price jumped more than eight per cent to 111p this morning.
The news, first reported in The Times, comes in the wake of a £4m compliance fine slapped on the firm in September.
Listed on London’s Alternative Investment Market (Aim), Stride Gaming has seen the value of its share price more than halve in the last 12 months.
Its board also said today that it is also reviewing a "more aggressive" UK and international strategy, as well as expanding operations through acquisitions in the UK and/or international markets.
It expects to provide more detail of the review before announcing its interim results for the period ending 28 February 2019.