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 Web Resort.  nordicSpill

It is understood that the acquisition of Malta-based firm Moorgate cost Cherry in the region of £2.9m, whilst NorgesSpill.com cost around £540,000.

Fredrik Burvall, CEO of Cherry, stated: “We are very pleased to add another acquisition that will further improve Cherry’s results and cash flow.”

“NorgesSpill.com will migrate to the Cherry platform during 2016, and we are confident that we can develop the business further,” he added. 

 

Check Also

LeoVegas - Premier League

LeoVegas AB announces raft of new leadership appointments

Further to publishing its 2018 full-year results, the governance of Stockholm-listed LeoVegas AB has confirmed …

Winning Post – Are gambling operations taking the Michael?

An unusually quiet news week for the betting sector has allowed strategic consultancy  Regulus Partners to …

BetConstruct - Law and justice in Italy concept with a 3d rendering of a gavel on a wooden desktop and the Italian flag on background.

BetConstruct secures ADM approval for Italian market

BetConstruct has made the latest licensing list for the Agenzia Dogane Monopoli (ADM) – the …