logo-loader

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

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.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

6 hours, 35 minutes ago