Tag: gaming operator
Swedish gaming operator Cherry registers full-year loss after online gaming investments
February 20, 2014
iGaming Business – Swedish gaming operator Cherry has registered a net loss of SEK8.2m (€902,000/$1.3 million) for 2013. Cherry said that the loss was due to investing in online gaming operations, with the company having launched the SpilleAutomater.com website and invested in game development company Yggdrasil Gaming and the Klubblo lottery in partnership with Swedish sports and media group Metro. Cherry also acquired 49% of online gaming company Web Resorts in November, and the company reported a SEK10.6 million net loss for the fourth quarter, even though total sales increased by 16% to SEK75 million. Turnover for the year increased…