Tag Archives: Cherry AB

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 …

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. …

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. …

Despite lowering its full-year 2017 corporate forecast last week, Stockholm-listed online gambling group Cherry AB has reported ‘widespread growth’ across its assets for its Q3 2017 trading update (period ending 30 September). Improved player activity throughout its verticals, sees Cherry report a 165% increase in group revenues to SEK 567 million (€58 million – Q3 2016: SEK 214 million). Cherry’s …

Prior to the release of its pending Q3 2017 trading update (scheduled for Wednesday 8 November), the governance of Stockholm-listed online gambling group Cherry AB has issued a corporate update detailing that it has revised its full-year 2017 corporate forecast. The firm’s revision of FY-2017 expectations follows a tougher than anticipated integration of acquired ComeOn assets having undertaken a strategic …

Updating the market, Stockholm-listed industry games and software supplier Cherry AB has announced that it has moved to restructure igaming subsidiary ComeOn’s senior management team. Its decision sees Jonas Wåhlander step down as Managing Director of ComeOn Malta Ltd with immediate effect. During H1 2017, Cherry AB governance completed its full acquisition of ComeOn! enterprise for a total consideration of …

The governance of industry games and software supplier Cherry AB has this morning informed that it has gained ‘listings approval’ to migrate its corporate shareholding onto the Stockholm Nasdaq. Cherry AB now awaits its final review by the Swedish Financial Supervisory Authority, before it can officially become a Stockholm Nasdaq-listed enterprise. The firm has detailed to investors that it expects …

Updating the market on its H1 2017 interim results, the governance of Stockholm-listed online gambling group Cherry AB is confident of hitting its full-year targets and corporate expectations, following a strong opening six months of trade. An enlarged Cherry would report H1 2017 group revenues of SEK 1 billion (€106 million), up 192% on like-for-like 2016’s SEK 370 million. Aided …

Issuing a corporate update, Stockholm-listed Cherry AB has confirmed that it has completed the outright acquisition of Malta-based online gambling operator ComeOn (ComeOn.com) purchasing 100% of its shares. Cherry governance informs that it completes its 100% takeover of all ComeOn related assets for a total consideration of €280 million, from which the firm’s initial €80 million payment has been deducted. …

Updating the market, the governance of Stockholm-listed Cherry AB has informed that it has acquired a further 7.5% of shares in Malta-based German focused operator Almor Holdings. The acquisition will see Cherry increase its equity holding in Almor to 82.5% of shares. In July 2015, Cherry governance made its initial 71% purchase of Almor share for €4.6 million euros, and …