{"id":268,"date":"2024-06-27T23:30:05","date_gmt":"2024-06-27T20:30:05","guid":{"rendered":"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/27\/rank-group-acquires-stride-gaming-in-142-million-deal\/"},"modified":"2024-06-27T23:30:05","modified_gmt":"2024-06-27T20:30:05","slug":"rank-group-acquires-stride-gaming-in-142-million-deal","status":"publish","type":"post","link":"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/27\/rank-group-acquires-stride-gaming-in-142-million-deal\/","title":{"rendered":"Rank Group Acquires Stride Gaming in \u00a3142 Million Deal"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/5EkSj0nrCpg\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The parent organization of Mecca Bingo and Grosvenor Casinos, Rank Group, has completed the acquisition of Stride Gaming, a provider of online casinos and bingo games.<\/p>\n<p>Rank Group has now acquired all of Stride&#8217;s shares. Rank&#8217;s initial proposal in May was valued at approximately $142 million.<\/p>\n<p>The agreement signifies that Stride shares will cease trading on October 7th. Stockholders will receive 151 pence for each share they possess.<\/p>\n<p>Rank&#8217;s chief executive, John O&#8217;Reilly, stated that this marks a significant milestone for Rank. He emphasized that the transaction will facilitate Rank&#8217;s rapid expansion and solidify its position as a leading online gambling enterprise in the United Kingdom. <\/p>\n<p>The primary objective is to ensure a seamless integration of Stride into Rank, unlocking the potential of our expanded digital enterprise. <\/p>\n<p>The agreement was finalized this week following judicial approval. Stride&#8217;s proprietors voted in favor of the transaction in July, and the UK Gambling Commission also granted its consent last month.<\/p>\n<p>Rank stated upon initially proposing the merger that the combined entity would generate approximately \u00a3185 million in revenue from digital gaming.<\/p>\n<p>Rank also indicated that the deal would facilitate enhancements and cost savings through the adoption of Stride&#8217;s specialized technology platform and internal infrastructure.<\/p>\n<p>Rank highlighted additional advantages, including substantial synergies and increased profitability for the merged company, while emphasizing that the addition of Stride&#8217;s top talent would bolster their management team.<\/p>\n<p>Subscribe to the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The parent organization of Mecca Bingo and Grosvenor Casinos, Rank Group, has completed the acquisition of Stride Gaming, a provider of online casinos and bingo [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rank Group Acquires Stride Gaming: Bingo &amp; 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