Tag Archives: cherry

Gaming group Cherry receives £802m takeover offer from Bridgepoint

Stockholm-listed online gambling group Cherry AB is the subject of an of SEK 9.193bn (£802m) takeover offer from a consortium fronted by British private equity firm Bridgepoint, fronted by chairman Morten Klein and Betsson CEO Pontus Lindwall. The Independent Bid Committee established by Cherry, set up specifically to consider the takeover bid on the board’s behalf but excluding chairman Klein, has recommended …

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Rapid growth sees Square in the Air bolster team

Multi-award-winning PR agency Square in the Air has recruited four key hires, significantly strengthening the business across major departments and accounts including B2B, B2C and digital media. James Bennett, former senior business journalist, editor of eGaming Review and Head of Communications at Playtech, where he spent the last four years, re-joins the agency within the senior management team as Director …

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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 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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XCaliber launched as Cherry’s technical innovation B2B business

Cherry has announced the launch of XCaliber, a new technical innovation B2B business area that will enable Cherry to sell its gaming platform and technology to both partners and operators. XCaliber, which will be headquartered in Malta and headed up by Cherry iGaming CTO Dario Arruda, will work closely with Cherry iGaming’s existing brands and new customers by providing access …

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Cherry acquires first 49% of shares in ComeOn Malta Ltd

Cherry AB has announced the acquisition of the first 49% of shares in ComeOn Malta Ltd, strengthening its market position in Scandinavia with brands including ComeOn, Mobilbet, Folkeautomaten and Casinostugan. The company also has the option to acquire the remaining 51%. The acquisition, which is expected to have an immediate positive effect on Cherry’s profit, included payment with 2,901,475 B-shares …

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Cherry acquires Moorgate Media Ltd and NorgesSpill.com

Swedish gaming company Cherry has completed a double swoop and acquired 100% of the shares in Moorgate Media Ltd and gaming site NorgesSpill.com. Under the terms of the arrangement Cherry have gained the entirety of shares in NorgesSpill, including its domain and customer database. In regard to the Moorgate Media deal, the company owns affiliate license agreements in cooperation with …

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Cherry gets progressive with Yggdrasil

Cherry has become the first operator to launch Yggdrasil Gaming’s first pooled progressive jackpot video slot, Joker Millions. The new slot is exclusively launched on Cherry’s flexible platform on the gaming sites CherryCasino.com, SpilleAutomater.com, EuroSlots.com and SveaCasino.com. Joker Millions is a 5×3 slot with 25 win multiplier, paid out from the left to the right. There are seven classic symbols …

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