Tag Archives: Game Lounge

Cherry Q2 “characterised by expansion and investment”

Scandinavian affiliate group Cherry AB has described its Q2 2018 period as being “characterised by expansion and investment”. The statement, made by Cherry’s Acting President and CEO Gunnar Lind, came as the Stockholm-listed online gambling group recorded a revenue increase of 41% (SEK 753 million, up from SEK 536 million), an EBITDA increase of 78% (SEK 165 million, up from …

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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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Cherry acquires outstanding Game Lounge shares

Copyright: somchaij / 123RF Stock Photo

Swedish gaming company Cherry has increased its stake in affiliate firm Gaming Lounge, taking its total holding to 95%. Three years after its wholly owned subsidiary, Cherry Malta Ltd, acquired 51% of the shares in the company, the gaming group has resolved to take onboard a further 44% that will be financed through a combination of cash and a new …

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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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Cherry’s Game Lounge launches first Japanese affiliate website

Cherry Gaming’s industry performance marketing subsidiary Game Lounge has confirmed the launch of its first Japanese affiliate website; JapaneseCasino.com (www.japanesecasino.com) Launched last week, the website aims to produce the best content and information for Japanese online gambling consumers. Game Lounge management stated that it had spent numerous months researching the market in order to adapt its product to localised needs …

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Cherry indicates interest in buying remaining ComeOn shares

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 …

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Cherry’s Game Lounge strengthens UK and German coverage with Interclick acquisition

Cherry Gaming affiliate network Game Lounge has strengthened its European coverage by confirming the acquisition of industry affiliate Interclick Limited for a sum of $1.5 million (£1.1 million). Interclick has been an active affiliate in the UK and German markets for the past 14 years, and services a network of 40 industry domains. Game Lounge stated that the acquisition would …

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Online assets help Cherry AB return to black in 2015

Stockholm listed gambling operator, Cherry Gaming AB has returned to full year (2015) positive EBITDA recording group earnings of SEK 35.9 million (£3 million). The operator continues its strong online performance, which contributed 69% of 2015’s FY SEK 528 million (£43 million) group revenues, up 56% on 2014’s SEK 340 million (£28 million). The results presented by Cherry governance, represent …

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