|Master Investor Magazine
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Shares in AIM-listed bookmaker Stride Gaming (LON:STR) have risen by 8.02% to 111.80p (as of 9:10 GMT) after it responded to press speculation. The company took issue with some of the claims made – including those that it had been fined twice (rather than once) by the Gambling Commission – and said that it was considering all strategic options to maximise shareholder value.
While these options include a more aggressive UK and international expansion programme, management are also looking at the possibilities for market consolidation both through acquisitions and the possible sale of the business.