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Jumbo enters Canadian charity lottery market

26th August 2021 9:39 am GMT

Sydney-listed online lottery provider Jumbo Interactive has entered into an agreement to acquire Canadian lottery management provider Stride Management for AUD$11.7m.

The acquisition of Stride marks another strategic step in Jumbo’s international expansion strategy following the successful acquisition of UK-based Gatherwell in November 2019.

Calgary-based Stride operates in the Canadian charitable lottery and raffle sector and provides services to over 750,000 active lottery players in the Alberta and Saskatchewan provinces.

Jumbo will pay a total consideration of $11.7m [...]

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