Australian lottery retailer Jumbo Interactive
Jumbo Interactive Signs Agreement to Acquire Stride Management

Australian lottery retailer Jumbo Interactive has entered into an agreement to acquire Canadian lottery management provider Stride Management for a cash consideration of $11.7 million subject to satisfaction of certain conditions under the agreement.
The acquisition of Stride is another key strategic step in Jumbo’s international expansion strategy following the successful acquisition of UK-based Gatherwell Ltd in November 2019.
Calgary-based Stride provides services to over 750,000 active lottery players in the Alberta and Saskatchewan provinces. It operates within the $1.2 billion estimated Total Addressable Market of the Canadian Charitable Lottery and Raffle sector.
Mike Veverka, Founder and CEO of Jumbo Interactive, said: “Since 1997 Stride has grown to service over 750,000 active lottery players generating $122 million in annual ticket sales. The acquisition will significantly add scale to our Managed Services business and gives us a strategic foothold to grow in the Canadian charity lotteries market.”
“Stride has a proven track record working with charitable organisations for over 20 years and we look forward to supporting the not-for-profit sector in Canada in meeting the challenges from COVID-19 and digitising their fundraising programs utilising Jumbo’s world leading software and services.”
Powered by WPeMatico
-
Latest News7 days ago
Embark on an Epic Adventure with Jenny Nevada in the Diamond Temple at SlotsCapital.lv – Enjoy a 150% Deposit Bonus
-
AGCO4 days ago
AGCO issues $110,000 in penalties to BetMGM Canada for offering cash to induce new gambling customers
-
CT Gaming7 days ago
CT Gaming with First installations in Guatemala
-
Nasdaq:LTRY7 days ago
Three Lawsuits Against Lottery.com and Sports.com Dismissed With Prejudice
-
BetVictor4 days ago
BetVictor Canada launches Tracy McGrady Safer Gambling campaign
-
Asia4 days ago
Asian Poker Tour Announces Cancellation of APT Manila 2025
-
Central Europe4 days ago
Digitain Partners with Gamingtec to Expand Presence in Europe
-
Compliance Updates4 days ago
EPIC Global Solutions highlighted as a key element in PrizePicks’ iCAP Accreditation