Tag Archives: Cherry AB

Cherry AB delivers excellent final statement as a Stockholm enterprise

The governance of Cherry AB has today published the online gambling firm’s last trading statement as a Stockholm Nasdaq-listed enterprise, as Cherry transitions to new ownership, managed by private equity vehicle Intressenter Bidco. Continuing its strong 2018 momentum, a reformed Cherry AB posts a 44% increase in full-year group revenues to MSEK 3,236 (2017: MSEK 2,252), detailing growth across its core B2C …

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Yggdrasil muscle & ComeOn recovery see Cherry AB confident of future prospects

Stockholm-listed online gambling group Cherry AB continues its strong 2018 momentum, reporting a further trading quarter driven by organic growth, delivering double-digit increases across its core metrics and KPIs. Publishing its Q3 trading update (period ending 30 September), Cherry reports a group revenue increase of 58% to MSEK 899 (Q3 2017: MSEK 567), with the firm delivering year-to-date revenues of …

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Witamy! Cherry launches PZBuk as first Polish property

Stockholm-listed European online gambling group Cherry AB has announced the launch of its first polish market property, launching sportsbook PZBuk – PZBuk.pl. In its July 2018 interim update, Cherry governance announced that it would enter the regulated Polish online gambling market having been granted an operator license by Poland’s Ministry of Finance. Adhering to Polish gambling laws, Cherry AB has …

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Betclic secures tough Polish sports betting licence

French online gambling group Betclic Everest has been granted the right to service the Polish online sports betting market by the nation’s Ministry of Finance. On 26 September, the Polish government updated its list of approved sports betting concessions, which are allowed to operate within its regulated market. Betclic Everest has secured a Polish sports betting licence, under the domain …

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Schnell… ComeOn launches instant-play Blitzino for Germany

Cherry AB igaming B2C subsidiary ComeOn has announced the launch of its new German online casino property – Blitzino.com. Blitzino.com launches its services for Germany, seeking to bring ‘fast-pay and play’ dynamics to market, utilising a comprehensive know-your-customer KYC solution which will allow instantaneous gaming engagement without players having to undertake full registration processes. Confirming the launch of Blitzino.com, Lahcene …

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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 Q2 “characterised by expansion and investment”

Scandinavian affiliate group Cherry AB has described its Q2 2018 period as being “characterised by expansion and investment”. The statement, made by Cherry’s Acting President and CEO Gunnar Lind, came as the Stockholm-listed online gambling group recorded a revenue increase of 41% (SEK 753 million, up from SEK 536 million), an EBITDA increase of 78% (SEK 165 million, up from …

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Cherry AB secures licence for tough Polish sports betting market

Updating the market, Stockholm-listed online gambling group Cherry AB has confirmed that it has secured a Polish sports betting licence, granted by the nation’s Ministry of Finance. The Stockholm enterprise becomes the ninth gambling operator to secure a sports betting licence under the terms of Poland’s amended (2017) ‘Gambling Law’. Complying with the mandate of Poland’s new gambling regime, Cherry …

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Swedish expansion sees ComeOn launch ‘instant play’ Hajper.com

Stockholm-listed Cherry AB has confirmed that it will launch new Swedish online casino property Hajper.com, operated by its B2C division ComeOn. Hajper.com will be ComeOn’s second ‘instant withdrawal’ online casino, following the successful launch of Snabbare.com last December 2017. Developed for the Swedish market, Hajper.com aims to deliver customer withdrawals within a 15-minute timeframe. Furthermore, the online casino has been …

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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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