Tag Archives: Stockholm

NetEnt hires Therese Hillman as new CFO

NetEnt has hired Therese Hillman as its new Chief Financial Officer (CFO), starting on January 9, 2017. Hillman is also part of the audit committee on the board of directors at Unibet. A member of the board of directors at Unibet since May 2015, Hillman has spent the past five years as CEO of Gymgrossisten, a subsidiary of the Qliro Group. She …

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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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Kambi declares strong H1 driven by client growth

Stockholm Nasdaq-listed online sports betting solutions provider Kambi has closed a successful first half to 2016, stating that its corporate performance has been driven by ‘exceptional operator turnover growth’. Presenting its Q2 2016 interim results (unaudited period ending 30 June), Kambi would declare group revenues of €13.7 million (up 28% on Q2 2015: €10.7 million). Its uplift in revenues would …

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‘Challenging Period’ – Betsson H1 earnings hit by currency fluctuations & lower betting margins

The governance of Stockholm-listed European sports betting operator Betsson AB has stated that H1 2016 has been a challenging period in which the business has faced various obstacles.  Presenting its H1 trading results (six month period ending 30 June), Betsson detailed that although group revenues had hit SEK 1.93 billion (13% up on H1 2015: 1.7billion), its performance had been …

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Low margins & increased taxes impact Mr Green H1 earnings

Updating the market, AktieTorget-listed European online gambling operator Mr Green & CO AB (Mr Green) detailed that despite seeing topline revenue growth during Q2 2016, tax duties and higher expenses have impacted its period earnings. The operator would record increased corporate revenues of SEK 211 million up 8% on corresponding Q2 2015’s SEK 194.8 million. Detailing revenue drivers Mr Green …

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Strengthened commercial pipeline helps NetEnt deliver 43% H1 2016 profit boost

Governance of Stockholm-listed NetEnt AB (NetEnt) are positive of meeting all 2016 corporate expectations, following the closure of a successful Q2 2016, in-which the company published operating profits of SEK 122 million (£11 million), up 32% on Q2 2015’s SEK 92 million. Boosted by securing twelve new customer agreements during the period, NetEnt saw its Q2 corporate revenues reach SEK …

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Unibet sees XE performance gains against weakening £

Ahead of its Q2 2016 corporate update (scheduled for 27 July), Unibet Plc has detailed to investors that company performance will be boosted by positive exchange rate fluctuations. Updating the market, Unibet governance detailed that net foreign exchange yields made by its main operating currencies against the weakening GBP £ (see Unibet XE graph below) will prove favorable in its Q2 …

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Sportsbook trading & currency impacts see Betsson AB issue Q2 profit warning

Issuing a preliminary Q2 2016 trading update Stockholm-listed online betting operator Betsson AB has detailed that its corporate performance has been impacted by lower sportsbook revenues and continued exchange rate fluctuations. Updating investors ahead of its full Q2 2016 performance breakdown, Betsson governance detailed that it expected to post group revenues between SEK 920–945 million, with the company targeting a …

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Playtech commits to Quickspin €50 million acquisition

Industry leading gambling technology provider Playtech completes its first major acquisition of 2016, by confirming that it has agreed to acquire Swedish igaming and social games content developer Quickspin AB for a maximum consideration of €50 million. Founded by the executive team of Daniel Lindberg (CEO), Mats Westerlund (CCO) and Joachim Timmermans (CPO) in 2011, Quickspin has become one of …

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Svante Liljevall departs as Evolution Gaming COO

Stockholm Nasdaq-listed live gambling solutions provider Evolution Gaming has confirmed that Chief Operations Officer (COO) Svante Liljevall has resigned from his executive role following eight years of service. The departure of Liljevall who has served as COO since 2008, sees Evolution Gaming lose one of its longest-serving executives.   Liljevall had been a key stakeholder in the company’s international growth …

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