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The Swedish and Malta-based online and land gambling group Cherry has posted a solid Q1-2013 interim report ending March 31, and highlighting the following key performance indicators: * The company sold its Automaten sites for SEK 286 million, a profit of SEK 26.4 million. * Online gaming grew 35 percent, with deposits up 84 percent. …
An agreement made at the ICE show earlier this year between PlayCherry Ltd and online games provider Yggdrasil Gaming was confirmed by the Cherry Group Monday, revealing that the initial agreement calls for the provision of 19 games. Cherry’s Maltese subsidiary PlayCherry Ltd is the first operator to sign an agreement with Yggdrasil, and Cherry …
Cherry reported on its online gaming and restaurant casino division results for the fourth quarter and full year period. Financial Highlights for the fourth quarter include: – Group turnover amounting to SEK 177.1 million (Q4/2011: SEK 116.5 million). – EBIT of SEK 7.5 million (Q4/2011: SEK 27.1 million). – Adjusted items re reassessment of the …
Malta-based Yggdrasil Gaming Limited has signed its first licensee, PlayCherry Ltd, a part of the Cherry Group, to coincide with that group’s 50th anniversary celebrations. Fredrik Elmqvist, Yggdrasil Gaming chief executive officer said: “We are extremely pleased to provide Cherry with our brainchild, the instant RNG lottery games portfolio. With exciting games and very distinctive …
An injunction issued against Cherry AB which was initiated by the Norwegian State Lottery-og Stiftelsestilsynet in 2011 will be challenged by the Company in the Oslo City Courts its chief executive said this week. The legal action required Cherry AB stop marketing and offering real-money games to Norwegian citizens through the EuroLotto.com website. The lottery …
Gaming provider, Cherry Malta Ltd. has launched its much-anticipated EuroSlots.com, an online offering built on a new proprietary platform that focuses on online slot gaming. The Malta-licenced online gaming site carries innovative features and games from Net Entertainment and Microgaming. Cherry’s PlayCherry.com and its partnership with International Game Technology will be phased out following the …
Swedish gaming company Cherry AB has completed the sale of all shares in Cherry Maritime Gaming AB, Astral Maritime Services Ltd and Cherry Services Ltd to Bell Casino AB. Cherry received a consideration of SEK 36.3 million through the purchase settlement, dividends from the sold subsidiaries and from repayment of debt to the parent company …
Swedish gaming firm Cherry AB has inked an acquisition deal with Bell Casino AB for the sale and purchase of all shares in Cherry’s Maritime subsidiaries Cherry Maritime Gaming AB, Astral Maritime Services Ltd and Cherry Services Ltd to allow the company to narrow its focus on the online gambling sector. The transaction will be …
The Swedish gambling group Cherry, which operates the well-established Cherry internet casino and poker room and is part of the Betsson empire, has confirmed that its new operation, EuroSlots Casino.com is on track for an October 1st launch. The new enterprise will be powered by Net Entertainment software, and it is understood will feature English, …
The Swedish land and online gambling group Cherryföretagen, which recently changed its title to Cherry (www.cherry.se) posted a strong set of H1-2012 results for the period January 1 – June 30 this week, reporting highlights that include: * Group turnover up 13 percent to SEK 234.6 million and EBIT increased by 503 percent to SEK …
Allegations that affiliate management company C-Planet has effectively been taking the bread from the mouths of affiliate marketers of the Rushmore group of online casinos are creating shockwaves through the affiliate industry this morning after a de-tagging scam was exposed by Casinomeister owner Bryan Bailey. Bailey claims firsthand knowledge and experience of the scam after …
Public Swedish gaming company Cherryföretagen released its latest fiscal report covering its first Quarter 2012 and showcasing strong progress in the online gaming sector. Key Performance Highlights for the three month period ending March 31, 2012: – Group EBIT increased by 143 percent representing a rise in EBIT for all business areas – Group turnover …
Swedish gaming company, Cherryföretagen announced its Quarter 3, 2011 and nine-month interim report this week showing strong results in customer growth and the online gaming sector of its business. Key Group Performance Indicators for the nine month period ending September 30, 2011 include: Group turnover up 20.8 percent amounted to SEK 325.4 million (9M/2010: SEK …
Swedish gaming company Cherryföretagen AB announced its six month interim report ending 30 June 2011 along with its second quarter results, this week. The Group’s first half 2011 turnover increased by 31.2 percent driven primarily by an increase in online gaming. Key Performance Indicators for the six months ending June 30, 2011 include: – Group …
Cherry Malta Ltd and EuroSlots Ltd, subsidiaries of Cherryföretagen, has announced the appointment of Marius Andersen (37) in the position of chief operating officer of online gaming. Formerly a Business Area Manager within Cherry, Andersen previously held a position as country manager for Betsson in Norway and holds a Master of International Marketing degree from …
Gunnar Lind tendered his resignation as chief executive officer and president of Cherryföretagen to the board of Cherry AB, this week. “With almost 5 years as CEO and president of Cherryföretagen behind me, I feel that the time has come to leave the post to a new leader. “It has been a challenging and exciting …