On the search for "Cherry%20Casino" we found the following results:

Cherry preliminary results set to outstrip forecasts

16 Apr 2018

Cherry AB has revealed better than expected growth in revenues and EBITDA ahead of the release of its first quarter 2018 report. The company said revenues are now expected to reach SEK 675 million (Q1/2017: SEK 541 million) and EBITDA SEK 188 million (Q1/2017: SEK 83 million) with EBITDA margins at 28 percent (Q1/2017: 15 percent). …

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Cherry updates industry on Game Lounge acquisition

26 Mar 2018

Cherry AB has announced the finalisation of its acquisition of a further 44 percent of Game Lounge – announced late December 2017. The company said the consideration agreed for the further share in the affiliate company had been set at SEK 189,292,750, of which approximately SEK 94,646,375 is intended to be paid in cash. The purchase price for …

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New online slot from Pariplay

22 Mar 2018

Online gambling games developer Pariplay Ltd., has launched Wild Cherry, the development team’s take on classic land-based fruit machine games with a strong emphasis on player engagement and retention, including a number of bonus features. Combining action-packed gameplay with a quirky style of graphics, Pariplay’s Wild Cherry transports players into a fruity world of prize …

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Cherry group – growth through innovation

16 Feb 2018

Online gambling group posts FY and Q4 2017 results showing significant improvements in revenue. The Cherry online gambling group has published a strong set of Q4 and FY 2017 results, showcasing the following KPIs: Q4-2017 • Group revenue increased by 17 percent year-on-year to MSEK 607 (519), with organic revenue growth amounting to 16 percent …

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Cherry’s Game Lounge acquires Slottracker

29 Jan 2018

Cherry AB’s online marketing business Game Lounge has acquired online slot information portal for a Euro 1 million consideration. The company behind Slottracker is US based Innovative Game Solutions Partnership, founded by Thomas Starkie and Brett Lawson. Under the terms of the agreement, Euro 200,000 of the Euro 1 million consideration will be paid …

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Cherry Group uses option to acquire remaining available shares in Game Lounge

22 Dec 2017

The Cherry gambling group has revealed that it has decided to exercise its option to acquire up to 100 percent of the shares in the affiliate company Game Lounge Ltd. The purchase price for an additional 44 percent of the shares is based on a multiple of 4.5 times the 2017 profit of the affiliate …

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Cherry acquires bigger stake in Highlight Games

4 Dec 2017

Cherry AB has exercised an option to increase its stake in UK-based Highlight Games Ltd by 12.5 percent for a GB 2.5 million cash consideration. Following the acquisition, Cherry’s stake in the company amounts to 37.5 percent with the option to acquire a further 13.2 percent in two further tranches over the next 12 months. …

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Cherry delivers in third quarter report

8 Nov 2017

Cherry AB reported on its third quarter today (Wednesday), delivering strong growth in group revenues despite a delay in the full integration of the ComeOn! business. Key performance highlights for the third quarter ending September 30, 2017 include: Group: •    Revenue increase of 165 percent to SEK 567 million (Q3/2016: SEK 214 million). •    Reported …

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Cherry AB nomination committee appointed

6 Nov 2017

Cherry AB has named the appointment of members of the nomination committee for Cherry AB’s 2018 Annual General Meeting. The nomination committee will be composed of representatives of the three largest shareholders, in terms of voting rights listed in the shareholders’ register, and comprise 40 percent of the total number of votes in the company.  …

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Cherry lowers ComeOn! forecast for 2017

2 Nov 2017

An industry advisory from Cherry AB Wednesday revised its full-year forecast on subsidiary ComeOn! while reporting on the company’s third quarter preliminary earnings. In terms of the development of its ComeOn! subsidiary, Cherry revised its full-year forecast for 2017 from revenue of approximately MSEK 2,500 to around MSEK 2,200, and profit (EBITDA) from about MSEK …

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Cherry shares begin trading on Nasdaq Stockholm

18 Oct 2017

Cherry AB (publ) B shares began trading on Nasdaq Stockholm in the Mid Cap segment today (Wednesday). “The listing at Nasdaq Stockholm gives us the opportunity to continue the growth trip and meet new stakeholders that help us strengthen our position as the most complete gaming company,” Anders Holmgren, chief executive officer of Cherry, said.

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Gambling group accepted for Nordic listing

13 Oct 2017

Nasdaq Stockholm’s listing committee has approved Cherry AB (publ) class B shares for listing on the northern stock exchange, 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 company announced Friday. …

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Cherry group Q2 and H1-2017 report out

24 Aug 2017

Cherry Group has posted strong Q2 and H1-2017 numbers, emphasising strong growth in earnings and revenues and highlighting: Q2-2017 * Group revenue up 179 percent year-on-year to SEK 536 million (192), with organic revenue growth amounting to 37 percent; * Profitability improved and EBITDA increased by 524 percent to SEK 93 million (15) on margin …

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Cherry lowers full year forecast

22 Aug 2017

Cherry Group has adjusted its full-year forecast for 2017, saying the integration of its recent acquisition of Come On! has not yet achieved a full positive impact. The Group moved to emphasize that all business areas continue to perform well, showing strong development and profitable growth. The total revenue for full year 2017 forecast of …

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MECN study says Cherry Group are tops in revenue growth

22 Aug 2017

A study of Q1-2017 results conducted by independent research firm MECN has produced an interesting “best 4” list of top revenue-generating companies, with the Swedish Cherry Group singled out as the leader, having grown its revenues in the quarter by a remarkable 281 percent to SEK453 million. Cherry’s success was to some extent based on …

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Cherry Rush – Android casino app

20 Jul 2017

Shortly following an announcement that Google Play will unlock its app store to mobile real-money casinos, Cherry is claiming to be a newly launched Android app store offering real-money casino for mobile and tablet users along with browser-based play options. Cherry Rush is a free-to-download casino-only app offering slots and table games from a …

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Cherry group gets a 25 percent foothold in gaming tech firm

12 May 2017

The Swedish gambling group Cherry announced Friday that it has signed an agreement to acquire a 25 percent interest in gaming technology company, Highlight Games Limited, with an option to acquire a further 26 percent. Highlight Games offers a unique and patented product, together with multi-year rights to use footage from historical football matches to …

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Swedish online gaming firm goes from strength to strength

10 May 2017

An interim first quarter 2017 report from Swedish gaming firm Cherry shows strong growth in revenues and improved profitability, despite an increase in marketing expenses and its outright acquisition of ComeOn’s remaining 51 percent. Key performance highlights for the period ending March 31, 2017 include: Group revenue increase of 205 percent year-on-year to SEK 541 …

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Cherry states business intent

25 Apr 2017

Swedish gaming group Cherry AB has laid out its goals for the next business cycle saying growth will be primarily driven by online gaming and gaming technology to ensure the company realises its target of growing faster than the European gaming industry market in terms of revenue. In the medium term, Cherry’s is striving to …

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Cherry acquires further 7.5 percent in Almor Holding Ltd.

12 Apr 2017

Cherry has called on the option to acquire an additional 7,5 percent of the shares in Maltese online casino and sportsbook company Almor Holding Ltd (Almor) following its purchase of 75 percent of Almor shares in 2015. Almor, whose focus is on the German-speaking and other additional European markets, has continued to perform above expectations, …

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Cherry’s XCaliber in platform deal with FSport

11 Apr 2017

Cherry’s new B2B business XCaliber has signed its first external platform deal with Swedish daily fantasy sports platform, FSport. Under the three-year deal, XCaliber will provide FSport with its affiliate tracking software, Omarsys. Dario Aruda, CEO XCaliber, said: “We’re delighted to be launching our innovative Omarsys software tracking tool with FSport, our first ever external …

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Cherry strengthens exec team

3 Apr 2017

Cherry AB has announced the appointment of Christine Rankin as chief financial officer for Cherry AB (publ) with immediate effect. In addition, Carolina Haglund Strömlid has been appointed Head of Investor Relations and Communication for Cherry AB (publ). Rankin most recently working at Nasdaq, prior to which she was VP Finance at Serneke Group AB, …

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Cherry Gaming to adopt the ComeOn! brand for the business

23 Mar 2017

The acquisition of the ComeOn! online casino gambling group by the Cherry Group (see previous  reports) has been followed by a statement today (Thursday) that the integration project between Cherry iGaming and ComeOn!, will assume the brand ComeOn! with effect from April 1 2017. The statement notes that branding the company ComeOn! will re-emphasise its …

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Holmgren appointed CEO at Cherry group

21 Feb 2017

The Cherry AB group has announced that acting CEO Anders Holmgren has been permanently appointed to the position of chief executive by the board of directors with immediate effect. Holmgren is currently a board member of Cherry AB and Yggdrasil Holding Ltd, and has been acting CEO of Cherry AB since January 2017. He will …

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