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23 Jan 2025

Grab your swim shorts and make sure you’ve applied your sun cream because we’re heading down to a vibrant tropical island for some explosive action in Stakleogic’s latest adventurous slot, Cherry Bomber.  Players are invited to spin the reels on a sunlit beach and are joined by a selection of colourful fruit characters, each of which …

17 Feb 2022

Prepare to turn back the clocks as Swedish slots specialist Lady Luck Games has delivered its sweetest slot release to date, Cherry Supreme.   This eighties-inspired 5-reel, 10 payline slot was designed to replicate classic fruit-machine style gameplay, rolling back the years and taking players back to a simpler time.   Despite sporting a distinct …

30 Mar 2020

Triple Cherry, the leading slot game developer, has signed a significant content agreement to make its inspirational games available for 1xBet customers. Triple Cherry’s slots are all jam-packed with imaginative designs, smart math models and the vast majority of these are created using 3D technology. Popular titles such as Mega Chef, Saint Fermin, Carnaval do …

13 Feb 2019

Cherry AB’s latest annual report for full year 2018 details a substantial increase in consolidated revenue, profit and EBITDA. Key performance highlights for the 12 months ending December 31, 2018 include: Consolidated revenue increased by 44 percent to SEK 3,236 million (2017: SEK 2,252 million), of which organic growth amounted to 3 percent. Corporate acquisitions contributed …

6 Feb 2019

Cherry AB subsidiary Highlight Games has inked a multi-year deal with Italian gaming operator’s Sisal Entertainment and Eurobet Italia Srl for the supply of its Soccerbet™ virtual sports games in Italy. Highlight Games products will be rolled out across the Sisal Matchpoint and Eurobet retail estates as well as online and mobile channels. The first game to be integrated will be Soccerbet Single …

18 Dec 2018

Cherry AB’s Independent Bid Committee (IBC) said in an industry update Tuesday that it recommends shareholders accept a public offer from the European Entertainment Intressenter Bid Co AB of SEK87 per series A and B share which based on all shares of series A and B in Cherry, corresponds to approximately SEK 9,193 million ($1,016,965,512 or GBP 802,273,110).  The …

31 Oct 2018

Cherry AB delivered robust results in its third quarter report published Wednesday. Key performance highlights for the three month period ending September 30, 2018 include: • A 58 percent increase in Group revenue to MSEK 899 (Q3/2017: MSEK 567), with organic revenue growth amounting to 46 percentages. Acquisitions contributed 1 percentage and currency 12 percentages …

17 Oct 2018

Cherry AB has acquired the remaining 5 percent of shares in affiliate firm Game Lounge Sweden AB for a purchase consideration comprising three parts and amounting to a maximum SEK 260 million. The first part of the purchase consideration is a SEK 100 million fixed cash amount. The second and third, amounting to SEK 160 …

17 Oct 2018

Cherry AB has acquired the remaining 5 percent of shares in affiliate firm Game Lounge Sweden AB for a purchase consideration comprising three parts and amounting to a maximum SEK 260 million. The first part of the purchase consideration is a SEK 100 million fixed cash amount. The second and third, amounting to SEK 160 …

12 Oct 2018

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 in the Cherry group said in a press statement …

12 Oct 2018

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 in the Cherry group said in a press statement …

16 Aug 2018

Cherry posted a positive set of results Thursday,  highlighting: Q2-2018: • Group revenue increased by 41 percent to SEK 753 (536) million, with organic revenue growth amounting to 39 percent (37); • Profitability improved, and EBITDA increased by 78 percent to SEK 165 (93) million on margin of 22 percent (17); • Profit for the …

7 Aug 2018

The Cherry gambling group has announced that it has exercised its option to acquire another 7.8 percent of the shares of Highlight Games Ltd. In addition, Cherry has acquired shares corresponding to 15.1 percent of the company from parties not active in the company. The total purchase price amounts to GBP 5.4 million, which will …

2 Jul 2018

Cherry AB has become the ninth licensed operator in the Polish market following a sportsbetting license award from Poland’s Ministry of Development and Finance, a process that reportedly took six months. The online sportsbook operates under Cherry Online Polska Sp. z.o.o., with its headquarters in Warsaw. Other license awards comprise: Fortuna, Milennium, TotoLotek S.A., E-Toto, forBET, LV Bet …

23 May 2018

In another brief industry update, Cherry AB has advised that prosecutors have requested the Swedish court detain chief executive officer Anders Holmgren who is suspected of “severe insider trading as a result of share trading”. Media speculation points towards Holmgren’s acquisition of SEK 12 million Cherry AB shares following a profit warning which was issued …

5 May 2018

Swedish games and software developer Yggdrasil Gaming in the Cherry Group has followed the parent company’s latest Q1 results (see previous reports) with its own performance metrics, highlighting: * Revenues up by 73 percent year-on-year to SEK 57.6 million (Q1 2017: 33.3 million); * Growth in local currency Euro was 65 percent year-on-year, aided by …

3 May 2018

Sweden’s Cherry gambling group has reported strong growth and earnings in its Q1-2018 interim report, highlighting: • Group revenue up by 26 percent to SEK 681 million (541), with organic revenue growth amounting to 25 percent (44); • Profitability improved and EBITDA up by 131 percent to SEK 192 million (83) on a margin of …

1 May 2018

Cherry AB will call on the option to acquire an additional 7.5 percent share holding in Almor Holding Limited (Almor) bringing its total stake to 90 percent. Almor operates online casino and sportsbook in primarily German-speaking countries.  Brands include Sunmaker, Sunny Player Casino and Kingplayer. The purchase price for Almor Holding Limited will, according to …

25 Apr 2018

Cherry AB subsidiary ComeOn Malta Ltd has appointed Lahcene Merzoug as managing director succeeding Tomas Johansson who has been overseeing the position in an acting role. Merzoug joins the company from Mr Green where he served as chief marketing officer.  He previously held senior roles at Evoke Gaming and is described as having a solid …

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). …

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 …

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 …