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Stride Gaming agrees final earn-out for Tarco online bingo assets

25th April 2018 6:29 am GMT

London-listed iGaming operator Stride Gaming has agreed the final earn-out consideration payable in respect of its acquisition of UK-facing online bingo operator Tarco in August 2016.

Tarco, which is comprised of 22 B2C brands and 4 B2B brands including Moon Bingo and Robin Hood Bingo, was acquired for £38.0m last year. This included an initial consideration of £16.0m and a potential earn-out of up to £22.0m based on adjusted EBITDA for 2017.

Stride said Tuesday that Tarco's financial [...]

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