Tag Archives: Fredrik Burvall

Cherry indicates interest in buying remaining ComeOn shares

Cherry Gaming said it is looking at a further bond financing to buy up the remaining shares of ComeOn that it doesn’t already own, after Cherry said its own revenues ex-ComeOn rose 39% over the third-quarter. At the end of July, Cherry bought up a 49% stake in ComeOn and Cherry said that though ComeOn’s revenues were yet to be …

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Cherry expands Swedish gambling portfolio by acquiring Betman AB assets

Updating the market, Stockholm-listed Cherry AB (Cherry) has announced that it has expanded its current Swedish gambling portfolio by acquiring Betman AB assets. The agreed acquisition will see Cherry takeover Betman’s ‘restaurant casino’ points in fifteen venues within the Swedish districts of Stockholm, Sälen and Visby. Cherry governance detailed that the sale price would amount to a total of SEK 3.9 …

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Cherry’s Game Lounge strengthens UK and German coverage with Interclick acquisition

Cherry Gaming affiliate network Game Lounge has strengthened its European coverage by confirming the acquisition of industry affiliate Interclick Limited for a sum of $1.5 million (£1.1 million). Interclick has been an active affiliate in the UK and German markets for the past 14 years, and services a network of 40 industry domains. Game Lounge stated that the acquisition would …

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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 AB secures €50 million bond for ComeOn investment

European igaming operator Cherry AB  has confirmed that it has decided to issue a four-year senior secured bond in the amount of €50 million, with maturity on July 11, 2020. The net proceeds will be used to partly finance the acquisition of 49% of the shares in ComeOn Malta Ltd (tranche one) with an option to acquire the remaining 51 % …

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Cherry AB reports strong 2016 opening recording top-line growth across all divisions

Stockholm-listed European gambling operator Cherry AB has declared a strong opening to its 2016 performance reporting an 86% group revenue uplift to SEK 177 million (Q1 2015: SEK 95 million). Updating the market on its Q1 2016 performance (period ending 31 March), Cherry would declare growth across all top-line metrics, as the company improved EBITDA considerably to SEK 25 Million …

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Cherry acquires 49% stake in ComeOn for €80 million

Swedish Nasdaq-listed igaming operator Cherry AB has this morning confirmed that it has agreed to acquire a 49% stake in Malta based European casino and sports betting operator ComeOn Limited for a consideration of €80 million. Publishing deal terms, Cherry AB detailed that it would acquire its ComeOn stake in two tranches consisting of a € cash and new share …

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Online assets help Cherry AB return to black in 2015

Stockholm listed gambling operator, Cherry Gaming AB has returned to full year (2015) positive EBITDA recording group earnings of SEK 35.9 million (£3 million). The operator continues its strong online performance, which contributed 69% of 2015’s FY SEK 528 million (£43 million) group revenues, up 56% on 2014’s SEK 340 million (£28 million). The results presented by Cherry governance, represent …

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Cherry AB appoints Aron Egfors as MD of Restaurant Casino

Cherry Gaming AB (Cherry AB) has confirmed the appointment of Aron Egfors as Managing Director of its Nordic focused land based gaming division ‘Restaurant Casino’ (Cherry Spelglädje AB) Egfors succeeds current Cherry Gaming CEO Fredrik Burvall as MD of the casino subsidiary. He gains promotion to MD of Cherry Spelglädje AB, following 18 years’ service with the operator. He will be tasked …

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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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