European igaming operator Cherry AB has confirmed that it has decided to issue a four-year senior secured bond in the amount of €50 million, with maturity on July 11, 2020. The net proceeds will be used to partly finance the acquisition of 49% of the shares in ComeOn Malta Ltd (tranche one) with an option to acquire the remaining 51 % …
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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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Swedish Nasdaq-listed igaming operator Cherry AB has this morning confirmed that it has agreed to acquire a 49% stake in Malta based European casino and sports betting operator ComeOn Limited for a consideration of €80 million. Publishing deal terms, Cherry AB detailed that it would acquire its ComeOn stake in two tranches consisting of a € cash and new share …
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Sports betting technology provider SBTech has announced that it has extended supplier terms with European igaming operator ComeOn for a further five years. The extended partnership will see ComeOn utilise SBTech’s new gaming platform Chameleon360, and the supplier’s sports betting platform for its tablet and mobile services. ComeOn and SBTech continue their strategic turn-key partnership, which was first created in 2009 …
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Igaming and sports betting technology supplier SBTech has announced the 3rd multi-year extension of their partnership with Co-Gaming Ltd, operator of leading Scandinavian brands ComeOn! and Mobilbet. The extended partnership deal will see SBTech providing Co-Gaming with a sports betting platform that’s fully compliant with the latest UK regulations, following the issue of a UK licence to SBTech from the …
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Hans Martin Nakkim has stepped down as CEO of European igaming operator ComeOn! Nakkim will remain with the operator taking a director role and focusing on building the company’s white label B2B services. The news of Nakkim’s decision to step down as CEO was broken by industry new source EGR Magazine. EGR further reported that ComeOn! would look to ramp …
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Yggdrasil has launched its first pooled progressive jackpot, Joker Millions, which will be available to players from the end of February and comes with an expected fall out value of €1.3m. Joker Millions is billed as an exciting game – and not only when playing the jackpot spins. Unlike most online progressive jackpot slots, the base game has a deep …
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Marc Pedersen, SBC’s new affiliate correspondent, gives his insight into attending LAC and ICE 2014, from a media partner perspective. While ICE and LAC are two very different events, catering for different audiences, there is a universal truth behind both of them – making money out of gambling. Working for an igaming and sports betting portal – bettingexpert – our …
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