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Having previously stated, on the basis of legal advice received, that it was to record a provision of £4 million for a Gambling Commission of Great Britain penalty, Stride Gaming (STR) has announced “Daub Alderney Limited, a subsidiary of the company, has been fined £7.1m by the Gambling Commission of Great Britain for failings in its anti-money laundering and social responsibility procedures”…
Towards the end of May online gaming operator Stride Gaming (STR) announced results for its half-year, including “central to the success of our core UK market performance is our focus on compliance, regulation and responsible gaming. Stride has continued to adapt to new requirements and regulations including the forthcoming introduction of GDPR as well as the new POCT applied to free bets introduced in August 2017”. Now, 10 weeks later, a “Gambling Commission Notice” announcement…
There are times when it pays to wait on how a stock which is new to the market will play out, and time when it may be best just to simply dive in. But as can be seen on the daily chart of Stride Gaming, this looks to be a situation where the bulls have been on the front foot from the start.
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