Tag Archives: Stockholm

Cherry AB seeks new board as governance shrinks

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. …

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LeoVegas strengthens compliance efforts via new position

LeoVegas

Swedish online gambling group LeoVegas AB has announced a further strengthening of its compliance and legal efforts, with the creation of a new Chief Compliance and Legal Officer (CCLO) role within the firm’s core management group. Issuing a desire to enhance its focus on compliance “by providing training throughout the entire organisation and expanding the teams in these area,” LeoVegas …

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Diversified Catena delivers strong interim as governance targets US top spot

Stockholm-listed industry affiliate marketing network, Catena Media maintains its strong 2018 momentum achieving a number of KPI ‘all-time highs’, as governance continues to diversify the company’s verticals and further seeks new market opportunities. Updating investors, Catena reports a group revenue increase of 65% to €50 million (H1 2017: €30 million), driven by growth across its organic and acquired network assets. …

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Henrik Tjärnström – Kindred looks to new shores post World Cup

As a sign of corporate growth and progress, Kindred Group CEO Henrik Tjärnström has stated to investors that corporate comparative trading periods will only get tougher for the Stockholm-listed enterprise. Presenting Kindred’s H1 2018 interim leadership update, Tjärnström acknowledges that a further ‘all-time high’ trading quarter has been driven by World Cup Russia 2018, with Kindred achieving its biggest active …

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Busy Kindred Group hits World Cup high notes during H1 2018

Stockholm-listed European online gambling firm Kindred Group Plc continues its streak of ‘all-time highs’ reporting significant growth across its underlying corporate metrics and KPIs for its interim H1 2018 trading period (unaudited January-June 2018). Publishing its latest trading update, Kindred reports strong organic growth across its products and services driven by significant customer activity recorded during World Cup Russia 2018. …

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Pontus Lindwall – Product enhancements are re-energising Betsson AB

Updating investors on Betsson AB’s interim 2018 results, Group Chief Executive Pontus Lindwall has declared that ‘confidence is back in the business’. Lindwall who regained leadership of Betsson AB in September 2017, following the departure of former incumbent Ulrik Bengtsson, would implement a ‘corporate efficiency program’ following a lacklustre 2017 trading. Named the ‘back on track plan’ by Betsson governance, …

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Marketing savvy LeoVegas delivers above corporate exceptions

Stockholm listed LeoVegas AB has presented its Q2 2018 preliminary results early (period ending 30 June), detailing that the company has benefitted from marketing efficiencies recorded during the trading period. Updating investors, LeoVegas governance anticipates delivering a trading period EBITDA of circa €15 million, an earnings figure above the firm’s current expectations. The improved EBITDA guidance is a result of …

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Susan Ball departs Kambi Group governance

Issuing a corporate update, Stockholm-listed betting technology supplier Kambi Group Plc has disclosed that Susan Ball has resigned as a member of the firm’s Board of Directors with immediate effect. The technology firm reports that has Ball departed Kambi Group governance to ‘pursue other business opportunities’. The former Unibet Plc Chief Financial Officer and ex-senior partner at Ernst & Young …

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Kambi delivers Rush Street’s Colombian property rushbet.co as partnership moves Stateside

Having launched Colombian sportsbook rushbet.co, Stockholm-listed Kambi Group Plc and US casino group Rush Street Gaming are set to expand their partnership within US shores. Last week, Rush Street’s digital subsidiary RSI debuted its new licensed Colombian online sportsbook rushbet.co, which has been developed by betting technology provider Kambi. Project stakeholders, detailed a quick and effective delivery of online sportsbook …

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Mr Green & Co rebrands to MRG as company sets 2020 vision

Following its ‘Capital Markets Day’, Stockholm-listed European online gambling group Mr Green & Co has announced that it has rebranded its corporate entity to ‘MRG’ (MRG Group). Corporate governance stated that the new group MRG brand reflected the firm’s fast growth profile, and better served its expanded portfolio of online gambling assets. The firm’s markets day would further see MRG’s …

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