Tag Archives: Cherry AB

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 …

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. …

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 …

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 …

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 …

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 …

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 …

Game Lounge the marketing and player acquisition arm of Stockholm-listed Cherry AB has acquired international ‘search’ agency TodaysWeb for a total consideration of SEK 14 million (€1.4 million). Confirming the acquisition, Game Lounge details that it will move to incorporate TodaysWeb’s search-engine-optimisation (SEO) tools, services and content portfolio of 1,500 websites. Updating the market, Jonas Cederholm, CEO of Game Lounge, details; “The …

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 …

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 …