Stride Gaming has informed shareholders that a subsidiary of the company has received notice from the Gambling Commission of Great Britain of its intention to require the Licensee to pay a significant financial penalty following a review of the manner in which the Licensee has historically carried on its licensed activities.

The Company further notes that the Notice is not final. Stride Gaming is taking advice as to its options from its advisers, which include making representations to the UKGC about the proposed financial penalty and, if need be, appealing the ultimate decision of the UKGC and/or the size of any penalty.