Tag Archives: Cherry
Sweden – Cherry continued strong growth and profitability in Q1
Swedish online operator Cherry continued to develop positively during the first quarter, with revenues increasing by 205 per cent to MSEK 541, of which 44 per cent were from organic growth and 161 per cent from acquisitions. Profitability improved and EBITDA increased by 224 percent to MSEK 83, corresponding to an EBITDA margin of 15…
Sweden – XCaliber signs landmark deal with Sweden’s FSport
As part of a three-year deal, XCaliber will provide the fantasy sports platform FSport with its leading affiliate tracking software Omarsys. Omarsys is a performance tracking software developed using the newest technologies available. It combines the best features expected from tracking platforms with real-time reporting and instant analytics with the flexibility to service any verticals’…
Sweden – Cherry to brand new business area – ComeOn!
As part of the integration project between Cherry iGaming and ComeOn!, the Cherry business area will resume the brand ComeOn! moving forward, which will be fully utilised across the business from April 1, 2017. Branding the company ComeOn! will re-emphasise its operational independence, aligning with other business areas owned and built up by Cherry. “We…
Sweden – Anders Holmgren appointed CEO of Cherry
The Board of Directors of Cherry AB has appointed Anders Holmgren as CEO for Cherry AB. Mr Holmgren had previously served as acting CEO, and now becomes ordinary CEO with immediate effect. He is currently a board member of Cherry AB and Yggdrasil Holding Ltd, and has been acting CEO of Cherry AB since January…
Sweden – Fredrik Burvall to step down as Cherry’s CEO
The Board of Directors of Cherry AB and CEO Fredrik Burvall have agreed that Burvall will leave his role as CEO due to family reasons. He will remain at the company until summer 2017. The Board of Directors has appointed Anders Holmgren as acting CEO until a new CEO has been recruited. Holmgren is currently…
Sweden – Cherry acquires remaining shares in ComeOn and becomes third largest player in the Nordics
Cherry AB has exercised its option to acquire the remaining 51 per cent of the shares in ComeOn Malta Ltd. As a result of this acquisition and strong organic growth, Cherry is expected to triple its revenues and become the third largest Nordics-focused private sector gaming company. The acquisition is also expected to deliver a…
Sweden – Game Lounge launches its first Japanese affiliate site
Cherry’s Performance-based Marketing business area, Game Lounge, has launched its first Japanese affiliate website, www.japanesecasino.com. Jonas Cederholm, CEO at Game Lounge, said: “It is vital to give close consideration to the Japanese market’s local needs as it is very different from all of the European markets. This project is therefore handled by highly qualified Japanese…
Sweden – Cherry launches new technical innovation B2B business area – XCaliber
Cherry has launched a new fully independent gaming technology B2B business area called XCaliber, a centre of technical gaming innovation and services. XCaliber will enable Cherry to sell its cutting-edge gaming platform and technology to partners and operators, creating further shareholder value and growth through the expansion into a new business area, as well as…
Sweden – Cherry acquires land-based venues from Betman
Cherry has agreed to acquire the casino agreements, casino staff and equipment from Betman AB as of October 1 2016. Betman operates restaurant casino in 15 venues with 27 gaming tables in Stockholm, Sälen and Visby. The acquisition is expected to contribute MSEK 11.0 in revenue and a positive EBITDA of MSEK 2.0. The purchase…
