Tag Archives: Cherry
Sweden – ComeOn recruits Hampus Eriksson as CPO
Gaming operator ComeOn, a subsidiary of Cherry AB, is strengthening its management team by recruiting Hampus Eriksson as Chief Product Officer. Mr. Eriksson joins ComeOn from game supplier NetEnt, where he worked as Director of Product & Services. Hampus has an extensive background with solid experience from both marketing and product-related managerial roles in the…
Poland – Cherry launches PZBuk betting site in Poland
Gaming operator Cherry Online Polska, a subsidiary of Cherry AB,is launching PZBuk, a new sports betting brand in the Polish market. The name can be translated as “The Polish Bookmaker”, in line with the names of major Polish sports associations. Lahcene Merzoug, CEO of ComeOn said: “Our Polish sports betting licence allows us to launch…
US – Game Lounge to establish operations in North America following acquisition of premium domain names
The affiliate company Game Lounge, a subsidiary of Cherry AB, will establish operations in New Jersey, US, following the acquisition of the premium domain name BetNJ.com, targeting sports betting and casino in the state. In addition, Game Lounge has acquired the Mexican domain OnlineCasino.mx. Game Lounge continues its strategy to complement the organic expansion of…
Poland – Cherry granted Polish sports betting license
Cherry Online Polska, a Cherry AB subsidiary, has been granted a sports betting license from Poland’s Ministry of Finance. Cherry is the ninth licensed operator in the Polish market, and the second company to receive a license under the new gambling regulations. Patryk Wlodarski, business consultant and responsible for the application, said: “We are proud…
Sweden – Cherry’s CEO arrested for insider trading
Swedish online operator Cherry’s Chief Executive Anders Holmgren has been arrested on suspicion of insider trading. The Swedish Economic Crime Authority visited Cherry’s head office having carried out an investigation into suspicious share trading by Mr. Holmgren. He stands accused of gross executive misconduct with regards to purchasing around SEK 12m (€1m) in company shares…
Sweden – Game Lounge acquires Slottracker.com
Game Lounge, a subsidiary of Cherry, has bought the site Slottracker.com and its unique solution in order to give all casino players a better overview and control of their gaming. The seller is US company, Innovative Game Solutions Partnership, and the two founders Thomas Starkie and Brett Lawson. The purchase consideration amounts to €1m, of…
Sweden – Cherry’s revenue increases by 165 per cent in Q3
Swedish online group Cherry saw its revenue increase by 165 per cent in the third quarter of the year hitting MSEK 567 due to recent acquisitions and organic revenue growth of 30 per cent. CEO Anders Holmgren said: “Cherry’s operations continue to develop strongly. As the industry’s most complete gaming company, our offering has a…
Sweden – Cherry approved for listing on Nasdaq Stockholm
Nasdaq Stockholm’s listing committee has approved Cherry AB (publ) class B shares for listing on Nasdaq Stockholm. The approval is subject to the customary conditions, including the Swedish Financial Supervisory Authority’s approval and registration of a prospectus. Trading on the Nasdaq Stockholm exchange is expected to commence on Wednesday 18 October 2017. The shares will…
Sweden – Cherry cheered by 179 per cent revenue growth
Swedish online gaming group Cherry saw its Q2 revenue increase by 179 per cent year-on-year to MSEK 536 following the purchase of ComeOn Malta and 25 per cent of Highlight Games. Organic revenue growth amounted to 37 per cent. Game development and Performance-based marketing were the stand-out performers, whilst Online gaming has not yet delivered…
