Tag Archives: Stockholm

Swedish firm Yamzu brings the esports scene to amateurs

Based in Stockholm Yamzu is a newly launched tournament platform that enables amateur players to compete in esports tournaments for cash and prizes. Currently the platform caters strictly to League of Legends players but more games are due to be added in the near future. Less than a month following its release, Yamzu has had over 1700 registrations. Yamzu CEO Asiad Majeed …

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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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‘All-time’ record breaking quarter sees Unibet close 2015 strongly

Stockholm listed betting operator Unibet Plc ended 2015 reporting an all-time record quarter performance for Q4 2015, which saw corporate revenues reach £111 million combined with underlying profits of £24.6 million. The operator’s strong year-end finish boosted 2015 results, as Unibet recorded FY corporate revenues of £354 million, up 13% on FY 2014’s £312 million. Publishing its unaudited year-end statement, …

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Unibet completes €59 million acquisition of iGame

Unibet has informed shareholders and the media that it has completed its acquisition of iGame Holding Plc. Unibet governance stated that all conditions and deal precedents had been met, allowing for the completion of Malta based iGame Holding and its assets. Unibet completes the €59 million (£42 million) cash deal for iGame which was first announced on 7 August. Stockholm …

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Unibet reports record Q2 performance despite currency exchange rate impacts

European sports betting operator Unibet Plc, continues to be hit by negative currency exchange rate fluctuations on its core performance metrics for 2015.  Updating the market on its interim performance, Unibet has disclosed record group revenues for Q2 2015 which amounted to £80.5 million (Q2 2014 – £75.6 million). Unibet would record H1 2015 group revenues of £156.6 million up …

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