Tag Archives: Anders Holmgren

Cherry AB seeks new board as governance shrinks

Stockholm-listed online gambling group Cherry AB has confirmed the departure of Anna Bergius and Claes Ruthberg as members of the Board of Directors with immediate effect. Their decision to depart Cherry’s governance follows the Swedish Economic Crime Authority’s confirmation that both board members will be investigated in connection with ‘insider trading allegations’ charged against former Cherry AB CEO Anders Holmgren. …

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Cherry AB’s Anders Holmgren under investigation of insider trading

Stockholm-listed online gambling group Cherry AB has released a statement confirming that Chief Executive Anders Holmgren has been placed under investigation by Sweden’s Economic Crime Authority (ECA) on suspicion of insider trading. Swedish news sources report that Cherry’s Stockholm headquarters was searched by police this Tuesday morning, in-relation to ECA’s investigation of Holmgren. The investigation is believed to be in-relation …

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Merzoug lands Managing Director role at ComeOn

Cherry subsidiary ComeOn has announced the appointment of Lahcene Merzoug to the position of Managing Director. Merzoug joins from Mr Green, where he held the position of Chief Marketing Officer. He is set to succeed Tomas Johansson, who has been acting managing director at ComeOn since October, in July. Commenting on his new role Merzoug stated: “ComeOn is a leading …

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Digital gains see Cherry AB up Q1 2018 forecasts

Issuing a market update, the governance of Stockholm-listed Cherry AB has informed that it expects its Q1 2018 revenue and earnings results to be ‘better than anticipated’. Upping its Q1 2018 forecasts, Cherry governance expects to deliver period corporate revenues of SEK 675 million, combined with a group EBITDA of SEK 188 million. The Stockholm enterprise details a significant improvement …

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Cherry AB positive on 2018 outlook following year of tough ComeOn integrations

Closing its full-year 2017 accounts, Stockholm-listed online gambling group Cherry AB reports solid growth, despite its operational restructure to acquired asset ComeOn. Publishing its full-year 2017 results, Cherry records a group revenue increase of 104% to SEK 2,252 million (FY 2016: SEK 1,102 million), with organic assets contributing 27% of revenue share. A strong revenue performance would see Cherry declare …

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Player Control – Game Lounge acquires Slottracker Solutions

Cherry AB affiliate marketing subsidiary unit Game Lounge has confirmed the acquisition of Slottracker Solutions (Slottracker.com) for a total consideration of €1 million. Slottracker.com is a software that allows online casino players to better monitor their playing habits, tracking gameplay information with regards to slot spins, wagers staked and games played. Game Lounge management has agreed to purchase the Slottracker …

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Cherry acquires outstanding Game Lounge shares

Copyright: somchaij / 123RF Stock Photo

Swedish gaming company Cherry has increased its stake in affiliate firm Gaming Lounge, taking its total holding to 95%. Three years after its wholly owned subsidiary, Cherry Malta Ltd, acquired 51% of the shares in the company, the gaming group has resolved to take onboard a further 44% that will be financed through a combination of cash and a new …

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Cherry AB reports widespread growth despite ComeOn restructure

Despite lowering its full-year 2017 corporate forecast last week, Stockholm-listed online gambling group Cherry AB has reported ‘widespread growth’ across its assets for its Q3 2017 trading update (period ending 30 September). Improved player activity throughout its verticals, sees Cherry report a 165% increase in group revenues to SEK 567 million (€58 million – Q3 2016: SEK 214 million). Cherry’s …

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Tough ComeOn integration sees Cherry revise 2017 corporate forecast

Prior to the release of its pending Q3 2017 trading update (scheduled for Wednesday 8 November), the governance of Stockholm-listed online gambling group Cherry AB has issued a corporate update detailing that it has revised its full-year 2017 corporate forecast. The firm’s revision of FY-2017 expectations follows a tougher than anticipated integration of acquired ComeOn assets having undertaken a strategic …

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Cherry restructure of ComeOn sees Jonas Wåhlander depart as company MD

Updating the market, Stockholm-listed industry games and software supplier Cherry AB has announced that it has moved to restructure igaming subsidiary ComeOn’s senior management team. Its decision sees Jonas Wåhlander step down as Managing Director of ComeOn Malta Ltd with immediate effect. During H1 2017, Cherry AB governance completed its full acquisition of ComeOn! enterprise for a total consideration of …

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