Jumbo Interactive to complete Stride acquisition following regulatory approval


Jumbo Interactive is pleased to announce that its acquisition of Stride Management Inc. (Stride) in Canada has been approved by both the Alberta Gaming, Liquor and Cannabis and Saskatchewan Liquor and Gaming Authority.

Completion of the transaction as announced to the ASX on 26 August 2021 is anticipated for 1 June 2022 subject to the satisfaction of the closing deliverables under the terms of the Share Purchase Agreement. Stride’s contribution to Jumbo’s FY2022 earnings is not expected to be material.