Tag Archives: Cherry AB

Cherry AB secures licence for tough Polish sports betting market

Updating the market, Stockholm-listed online gambling group Cherry AB has confirmed that it has secured a Polish sports betting licence, granted by the nation’s Ministry of Finance. The Stockholm enterprise becomes the ninth gambling operator to secure a sports betting licence under the terms of Poland’s amended (2017) ‘Gambling Law’. Complying with the mandate of Poland’s new gambling regime, Cherry …

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Swedish expansion sees ComeOn launch ‘instant play’ Hajper.com

Stockholm-listed Cherry AB has confirmed that it will launch new Swedish online casino property Hajper.com, operated by its B2C division ComeOn. Hajper.com will be ComeOn’s second ‘instant withdrawal’ online casino, following the successful launch of Snabbare.com last December 2017. Developed for the Swedish market, Hajper.com aims to deliver customer withdrawals within a 15-minute timeframe. Furthermore, the online casino has been …

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Cherry AB’s Anders Holmgren under investigation of insider trading

Stockholm-listed online gambling group Cherry AB has released a statement confirming that Chief Executive Anders Holmgren has been placed under investigation by Sweden’s Economic Crime Authority (ECA) on suspicion of insider trading. Swedish news sources report that Cherry’s Stockholm headquarters was searched by police this Tuesday morning, in-relation to ECA’s investigation of Holmgren. The investigation is believed to be in-relation …

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Digital gains see Cherry AB up Q1 2018 forecasts

Issuing a market update, the governance of Stockholm-listed Cherry AB has informed that it expects its Q1 2018 revenue and earnings results to be ‘better than anticipated’. Upping its Q1 2018 forecasts, Cherry governance expects to deliver period corporate revenues of SEK 675 million, combined with a group EBITDA of SEK 188 million. The Stockholm enterprise details a significant improvement …

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Game Lounge marketing acquires SEO agency TodaysWeb

Game Lounge the marketing and player acquisition arm of Stockholm-listed Cherry AB has acquired international ‘search’ agency TodaysWeb for a total consideration of SEK 14 million (€1.4 million). Confirming the acquisition, Game Lounge details that it will move to incorporate TodaysWeb’s search-engine-optimisation (SEO) tools, services and content portfolio of 1,500 websites. Updating the market, Jonas Cederholm, CEO of Game Lounge, details; “The …

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Cherry AB positive on 2018 outlook following year of tough ComeOn integrations

Closing its full-year 2017 accounts, Stockholm-listed online gambling group Cherry AB reports solid growth, despite its operational restructure to acquired asset ComeOn. Publishing its full-year 2017 results, Cherry records a group revenue increase of 104% to SEK 2,252 million (FY 2016: SEK 1,102 million), with organic assets contributing 27% of revenue share. A strong revenue performance would see Cherry declare …

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Player Control – Game Lounge acquires Slottracker Solutions

Cherry AB affiliate marketing subsidiary unit Game Lounge has confirmed the acquisition of Slottracker Solutions (Slottracker.com) for a total consideration of €1 million. Slottracker.com is a software that allows online casino players to better monitor their playing habits, tracking gameplay information with regards to slot spins, wagers staked and games played. Game Lounge management has agreed to purchase the Slottracker …

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Eurobet scores SOCCERBET deal

Copyright: bplanet / 123RF Stock Photo

Highlight Games, the specialist games developer who are 38% owned by Swedish gambling firm Cherry AB, has announced an agreement to integrate its flagship SOCCERBET product with Eurobet. Tim Green, Highlight Games Chief Executive Officer, commented: “SOCCERBET represents an exciting evolution of the virtual sports formula, and we are delighted to extend its reach with an operator as large and …

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Gambling.com strengthens board & guidance with Fredrik Burvall appointment

Updating the market, industry affiliate Gambling.com Group has informed that former Cherry AB Chief Executive Fredrik Burvall has joined its board of governance as the company undertakes an aggressive M&A led future growth strategy.   A seasoned industry executive, Burvall has held a number of executive positions at Cherry AB, guiding the company through a series of successful growth initiatives. …

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Highlight Games launches new virtual sports product SOCCERBET

Highlight Games has announced the debut of SOCCERBET, a fresh take on virtual sports which harnesses real life game footage. Taking decades of archived football highlights, the new product combines six ten-second clips from an individual fixture across a number of seasons, presenting the randomly generated minute-long package as one individual game in a similar manner to virtual sports titles. …

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