Tag Archives: Cherry AB

Updating the market, the governance of Cherry Gaming AB (Cherry) has informed that Fredrik Burvall has stepped down as Chief Executive Officer due to family reasons. Cherry AB has moved to appoint Anders Holmgren as ‘interim CEO’ until Burvall’s replacement is found. Burvall departs Cherry following ten years’ leadership service, having acted as CEO and CFO of the company. Updating …

The governance of Cherry Gaming AB has confirmed that it has executed its right to acquire the remaining 51% of shares in European igaming operator ComeOn Malta (ComeOn). Last July, Cherry had acquired 49% of equity in ComeOn for a shares + cash combination valued at €80 million. Moving to buy ComeOn outright, Cherry governance detailed this morning that it …

Cherry Gaming said it is looking at a further bond financing to buy up the remaining shares of ComeOn that it doesn’t already own, after Cherry said its own revenues ex-ComeOn rose 39% over the third-quarter. At the end of July, Cherry bought up a 49% stake in ComeOn and Cherry said that though ComeOn’s revenues were yet to be …

Updating the market, Stockholm-listed Cherry AB (Cherry) has announced that it has expanded its current Swedish gambling portfolio by acquiring Betman AB assets. The agreed acquisition will see Cherry takeover Betman’s ‘restaurant casino’ points in fifteen venues within the Swedish districts of Stockholm, Sälen and Visby. Cherry governance detailed that the sale price would amount to a total of SEK 3.9 …

Updating the market, Cherry AB subsidiary Yggdrasil Gaming has announced the launch of its ‘White Label Studios’., allowing its client base to to leverage the games provider’s development arm creating better bespoke games content. Announcing the launch of ‘White Label Studios’, Yggdrasil governance stated that it wanted to ‘’unburden’ industry stakeholders from legacy frameworks, bringing new development concepts to market. …

Cherry AB subsidiary Yggdrasil Gaming (Yggdrasil) furthers its European online games provisions by confirming that it has been granted two Romanian ONJN licenses for online slots and operator provisions. Following a review of services, ONJN Romania’s National Gambling Office has cleared Yggdrasil for servicing slots and games provisions to licensed Romanian online gambling operators under a Category 1 licence. Yggdrasil …

Cherry AB has announced the acquisition of the first 49% of shares in ComeOn Malta Ltd, strengthening its market position in Scandinavia with brands including ComeOn, Mobilbet, Folkeautomaten and Casinostugan. The company also has the option to acquire the remaining 51%. The acquisition, which is expected to have an immediate positive effect on Cherry’s profit, included payment with 2,901,475 B-shares …