Bingo market watcher Phil Fraser, aka @mr_Online_Bingo and owner of bingo comparison website WhichBingo.co.uk gives Proactive Investors his insight into the recent StrideGaming Plc (LON:STR) purchases of 8Ball Games and Tarco and says the deals were inevitable. "Their CEO Eitan Boyd mentioned from day one that they would be growing organically and by acquisitions: it isn't a surprise, although both Tarco and 8Ball have a low profile outside and within the industry" he says.
Fraser says with over 400 bingo brands the sector at the smaller end is quite fragmented, but the i-gaming market is seeing major consolidation with some huge companies being formed at the top end of the market. "The Ladbrokes-Coral deal is going through, Paddy Power and Betfair merging - I wouldn't be surprised if StrideGaming ended up in the 888Games stable at some point in the future" he says.
Bingo analyst is certain StrideGaming will make more deals in fragmented market
Last updated: 19:51 02 Aug 2016 AEST, First published: 14:51 02 Aug 2016 AEST