A PYMNTS Company

UK: Regulator OKs Rank Group’s acquisition of Stride Gaming

By  |  September 23, 2019

UK gambling regulators have given their blessing to Rank Group’s acquisition of rival Stride Gaming.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    On Friday, September 20, Stride announced that the UK Gambling Commission (UKGC) had informed the company that it was “determined to approve” Rank’s proposed £115 million (US$143 million) acquisition of Stride, which the company had announced on May 31.

    In February, Stride confirmed “press speculation” that it was open to being acquired, as part of a strategic review the company launched after experiencing some “challenging trading conditions” in its UK online bingo and casino operations.

    Full Content: Calvin Ayre

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.