Tag Archives: Cherry AB

Burvall steps down as CEO of 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 …

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Cherry eyes Nordic takeover with full buyout of ComeOn shares

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 …

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Cherry expands Swedish gambling portfolio by acquiring Betman AB assets

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 …

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Game Changer! Yggdrasil launches ‘White Label Studios’

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. …

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Yggdrasil secures Romania ONJN licenses

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 …

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Cherry acquires first 49% of shares in ComeOn Malta Ltd

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 …

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Cherry AB reports strong 2016 opening recording top-line growth across all divisions

Stockholm-listed European gambling operator Cherry AB has declared a strong opening to its 2016 performance reporting an 86% group revenue uplift to SEK 177 million (Q1 2015: SEK 95 million). Updating the market on its Q1 2016 performance (period ending 31 March), Cherry would declare growth across all top-line metrics, as the company improved EBITDA considerably to SEK 25 Million …

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