Proactiveinvestors United Kingdom - Gambling RSS feed Proactiveinvestors United Kingdom - Gambling feed en Sat, 20 Jan 2018 11:35:30 +0000 Genera CMS PCG Entertainment to make fresh start in 2018 Mon, 18 Dec 2017 12:06:00 +0000 PCG Entertainment remains on the look-out for new deals Tue, 12 Dec 2017 07:43:00 +0000 PCG Entertainment shares jump as it names Robert McDowall to its board of directors with immediate effect Mon, 23 Oct 2017 15:27:00 +0100 Stride Gaming says performance in year just ended was at the upper end Mon, 18 Sep 2017 07:38:00 +0100 PCG Entertainment raises £1mln as it launches new funding relationship with RiverFort Fri, 18 Aug 2017 07:42:00 +0100 Difficult year but PCG Entertainment looking to bring itself ‘back from the abyss’ Tue, 15 Aug 2017 15:45:00 +0100 PCG Entertainment's accounts complicated by sale of Center Point Development Wed, 28 Jun 2017 08:13:00 +0100 Stride Gaming has 10% of the online bingo market but it wants more Tue, 27 Jun 2017 10:30:00 +0100 Stride's online bingo business clickety-clicking Tue, 30 May 2017 07:38:00 +0100 PCG Entertainment raises £400,000 to bolster balance sheet Fri, 26 May 2017 15:50:00 +0100 Stride Gaming shares advance as it strikes first B2B joint venture Fri, 26 May 2017 12:30:00 +0100 Gaming Realms deals into New Jersey online gambling market Fri, 21 Apr 2017 07:42:00 +0100 PCG Entertainment confirms joint venture possibility Tue, 04 Apr 2017 13:57:00 +0100 PCG Entertainment axes chief executive's contract, closes London office as it raises another £350,000 via a placing Thu, 16 Mar 2017 15:55:00 +0000 PCG Entertainment uses stock overhang clearance boost to raise an extra £750,000 via a discounted placing Wed, 22 Feb 2017 15:58:00 +0000 Game changer: Stock overhang clearance, funding boost to revive PCG Entertainment Wed, 22 Feb 2017 13:15:00 +0000 PCG Entertainment up again as share sale completes Tue, 21 Feb 2017 11:13:00 +0000 PCG Entertainment soars as Centre Point share overhang starts to be cleared Fri, 17 Feb 2017 16:13:00 +0000 PCG Entertainment to sell ill-fated CPDC subsidiary Wed, 11 Jan 2017 12:29:00 +0000 Stride Gaming comes on leaps and bounds Mon, 28 Nov 2016 11:31:00 +0000 Stride Gaming enters into an £8mln loan facility with Barclays Bank Wed, 16 Nov 2016 07:44:00 +0000 PCG taps into China's football frenzy Fri, 04 Nov 2016 07:38:00 +0000 Revenues soar at PCG Entertainment despite customer dispute Fri, 30 Sep 2016 07:47:00 +0100 Stride Gaming hits results jackpot Mon, 19 Sep 2016 07:20:00 +0100 Full house for Stride Gaming after £70mln takeovers Wed, 31 Aug 2016 08:46:00 +0100 Stride Gaming's metrics to improve after latest deals Fri, 29 Jul 2016 16:42:00 +0100 PCG raises £400,000; says it was profitable in H2 Thu, 30 Jun 2016 15:14:00 +0100 Aquis Entertainment Ltd makes case for $307M Canberra casino redevelopment Aquis Entertainment Ltd (ASX:AQS) has lodged a plan for a $307 million redevelopment of the Canberra Casino with the ACT Government.

The plan evisages an integrated resort development and expansion of leisure and night life for the casino located in the Canberra CBD.

The ACT Government invited Aquis to submit a business case after the concept submission met all requirements of the first stage of the government’s investment proposal guidelines.

Aquis has already invested $14 million in Casino Canberra to give it a complete makeover. The refurbished casino opened its doors to the public on 10 June 2016.

The company had acquired the casino is August 2015 and was operating a temporary gaming facility.

Aquis is looking to transform the casino scene in Canberra and has proposed to build an expanded casino along with two new hotels and other developments worth $307 million.

The project includes new bars, restaurants and a luxury shopping mall.

The new precinct could attract up to 617,000 new patrons per annum, shifting from a predominantly local catchment casino today, to one patronised more heavily by interstate and international tourists.

Trading at the temporary gaming facility at Casino Canberra remained solid during the month of May 2016 with gross gaming revenue reaching $1,562,749.

Aquis had a cash balance of $7.7 million as at 31 March 2016.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Mon, 20 Jun 2016 03:00:00 +0100
PCG Ent't confident of growth in China despite disputes Mon, 06 Jun 2016 16:04:00 +0100 PCG Entertainment says position 'very strong' in debt dispute Mon, 06 Jun 2016 07:54:00 +0100 Stride Gaming PLC a dominant player in the multi-brand online bingo market Eitan Boyd, chief executive of Stride Gaming PLC (LON:STR) tells Proactive that 2017 has been a successful year for them with exceptional organic growth.

Boyd says through their recent acquisitions of Tarco and 8Ball they've been able to double their market share and the synergies are already kicking in.

Fri, 03 Nov 2017 14:50:00 +0000
PCG Entertainment cracking on with a broad range of potential transactions Richard Poulden, chairman of PCG Entertainment Plc (LON:PCGE) talks Proactive's Andrew Scott through what's been, as he describes, 'an insanely problematic' 6-12 months.

Looking to the future they've now raised £1mln from a syndicate of institutional investors as they explore a “number of possible avenues” to broaden the business.

Tue, 22 Aug 2017 12:35:00 +0100
PCGE boss Nick Bryant 'very pleased' to have subsidiary sale behind them Nick Bryant, chief executive of PCG Entertainment Plc (LON:PCGE) updates Proactive on the company's decision to draw a line under their ill-fated purchase of Center Point Development Corp (CPDC).

Bryant also discusses their £750,000 raise which was achieved through a discounted placing

Fri, 24 Feb 2017 13:15:00 +0000
Stride Gaming PLC enjoys 'fantastic' period The bingo group Stride Gaming PLC (LON:STR) revealed impressive growth in revenues and earnings in its results for the year to the end of August as the impact of a recent spate of acquisitions was felt on the top and bottom lines.

Net gaming revenue was up 22% to almost £48mln and EBITDA 27% higher to £12.3mln in the 12 months ended August.

Speaking to Proactive CEO Eitan Boyd puts the growth down to better reach, better content and better distribution.

Stride spent over of £70mln on 8Ball, Netboost Media and the Tarco Assets as it roll-up strategy gained traction.

''We're currently very much focused on organic growth and acquisitive growth'', Boyd added.

Mon, 28 Nov 2016 09:15:00 +0000
Sport an enormous deal in China, says PCG Entertainment plc boss Asia focused PCG Entertainment Plc (LON:PCGE)  chief executive Nick Bryant  told Proactive the group was "very lucky" to be working with Tianrong Sports on the latest football venture in China.

The group is a wealthy petrol distributor but has a big interest in sport and controls all the Formula 1 power boat racing in China and is a trusted partner of the government - something which will aid PCG, he says.

The firm has signed an MoU with Shenzhen Tianrong Sports Culture Management Co on a venture to build a “major” football academy in the country.

"Sport is an enormous deal in China  at the moment," he said.

The government have set some targets for sport to deliver in effect 1% of GDP (gross domestic product) by 2025.

Initially PCG will operate on a retainer fee in the football project, but longer term, will take an equity stake.

Tue, 08 Nov 2016 10:16:00 +0000
Eyes down as Stride Gaming continues focus on soft gaming strengths Online bingo group Stride Gaming (LON:STR) announced jackpot results above expectations.

Chief executive Eitan Boyd says he is delighted by organic growth across the underlying business.

Now the UK’s fourth largest bingo operator, Boyd says the group is well on the way for becoming a “£500mln plus company”.

He says the group is still looking to increase its share of the UK’s online gaming market.

“Growth is good, we hope to continue our growth pattern, very much focusing on our key strengths in soft gaming.”

Stride expects end of year results in November which Boyd said will be sure to please shareholders.

Until then, it’s eyes-down and carrying on with its focus on soft gaming, a model which has so far proved to be a success.

Mon, 19 Sep 2016 14:48:00 +0100
Bingo analyst is certain StrideGaming will make more deals in fragmented market Bingo market watcher Phil Fraser, aka  @mr_Online_Bingo and owner of bingo comparison website 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.

Tue, 02 Aug 2016 10:51:00 +0100
Stride Gaming’s Eitan Boyd emphasises acquisitions were always part of plan Stride Gaming PLC (LON:STR) chief executive Eitan Boyd has emphasised that acquisitions have always been part of the plan.

The online bingo operator, which came to AIM last May, today announced deals that see it increase its share of the UK bingo market by 50%. It is buying assets and brands from Tarco Limited for up to £40.2mln and is paying £30mln for 8Ball Games Limited.

A £27mln share placing, priced at 225p, is expected to support these deals.

Boyd, in an interview with Proactive Investors, dismissed investor concerns about the group’s acquisitive approach.

“We did come to the market with the attention to grow not only organically but by acquisition and use the scale, expertise and software know-how to increase the margins,” he said.

“You have to be a big player today.”

Fri, 29 Jul 2016 14:12:00 +0100
PCG Entertainment confident of swift resolution on debt issues Nick Bryant, chief executive of PCG Entertainment Plc (LON:PCGE), says he doesn’t think the on-going debt disputes will be a major problem for the company.

A supplier to CDPC, its gaming software and games distributor, is pursuing PCG for an unpaid debt of US$2.1mln from before PCG bought the company, and Bryant says it had a written agreement that relieved it of any obligations in connection with the debt.

In addition, CDPC is being withheld US$1.2mln in a separate dispute with a major customer, but Bryant says the firm is “very well covered on this”.

He adds Proactive Investors: “We remain confident that both issues will be resolved within the very near future”.

Despite the debt issues, Bryant remains focused on the company’s expansion in China, noting “we still think there are tremendous opportunities out there and we are going to pursue them with as much determination as we can”.

Mon, 06 Jun 2016 13:59:00 +0100
PCG Entertainment chief not fazed by potential Chinese slowdown Nick Bryant, chief executive of PCG Entertainment (LON:PCGE), tells Proactive Investors that the slowdown in the pace of economic growth in its main market of China won’t adversely affect the business.

“China is looking more and more to consumer spending to generate growth in the country and that’s good for us,” he said.

He was speaking as the Asia-Pacific focused online gaming and media group said operating profits for the fourth quarter almost doubled to US$820,000.

Fri, 29 Jan 2016 16:21:00 +0000
PCG Entertainment boss sees great potential in China regions PCG Entertainment (LON:PCGE) CEO Nick Bryant says China is moving away from investment-led growth to consumer-led growth which makes it an exciting time for his business. "A growing middle class, growing GDP per capital, growing disposable income, and a predisposition to play games - it is a great opportunity for us"" he said.

Bryant says gaming and media in China is becoming a crowded space, but PCG has a different outlook to the competition. "Things tend to happen first on the East Coast, the big centres of population and most innovation happens there first... but there is a great opportunity from a geographical point to view to move out to the north and to the west and look at other provinces which are not so much the focus of our competitors" he said.

Mon, 16 Nov 2015 15:41:00 +0000
Stride Gaming 'aggressively' aiming for global growth & new bingo deals Nigel Payne, non-executive chairman of online bingo group Stride Gaming (LON:STR), says the company is aiming to grow, acquire and market itself at a fast rate after listing on AIM earlier this year.

Payne, former boss of Sportingbet, was speaking to Proactive following the publication of the firm’s full-year figures.

Stride, the owner of the Kitty Bingo and Jackpot Liner sites, posted revenues of £27.8mln in the year to August with underlying profits of £7.3mln, up from £1.23mln.

Mon, 16 Nov 2015 13:38:00 +0000
PCG Entertainment chief: CPDC takeover a “big breakthrough” The chief executive of China-focused gaming and media company PCG Entertainment (LON:PCGE) , Nick Bryant, says the company’s reverse takeover of Center Point Development Corp (CPDC) represents a big breakthrough for the business.

PCG listed on AIM last December. Shares began trading again this week having been suspended since February, pending the CPDC deal.

Set up by Bryant, who has worked for Sky and MBC in the Middle East, the firm was set up to find and develop media and technology opportunities in the People’s Republic. The business being acquired provides payment systems and content used by gaming companies.

Thu, 13 Aug 2015 14:10:00 +0100
Stride Gaming CEO confident InfiApps gamble will pay off Stride Gaming (LON:STR) chief executive, Eitan Boyd, discusses the rationale behind the company’s US$39.2mln takeover of the social media gaming specialist InfiApps.

InfiApps owns slot bonanza, its flagship game, which played by millions of people worldwide and is one of the leading social casino games in the world.

The firm made a profit of US$3.4mln in 2014, and Boyd reckons the acquisition will immediately enhance Stride Gaming’s own earnings.

Stride – which listed on AIM in May this year - is initially paying US$21.2mln in cash for InfiApps, but the cost of the acquisition could rise by as much as US$18mln, payable in cash, depending on how the acquired business performs.

Fri, 31 Jul 2015 15:06:00 +0100
Stride Gaming bingo boss woos ladies to win market share Stride Gaming (LON:STR) CEO Eitan Boyd tells Proactive Investors about the group’s multi brand, Bingo-led strategy. “Having proprietary software is a main advantage in this space, as well as having the know-how – we’ve been operating since 1999 in online gaming, so over a decade now we have been hitting numbers, hitting results and we are excited about opportunities ahead,” he said.

Boyd believes the group’s strategic focus on the female audience gives them the edge over other operators. “We focus on soft skill gaming, on very cuddly, fluffy games rather than hard-core slot-machines or very aggressive gaming experiences and we do see results and players stick with us for longer and enjoy the experience” he said.

Tue, 30 Jun 2015 15:40:00 +0100