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Stockholm-listed gaming operator Cherry has acquired the remaining 51 per cent stake in ComeOn Malta which it does not already own, through a combination of cash and new shares amounting to a maximum outlay of €200m.

Two private equity firms backing David Baazov's bid to acquire Amaya appear to have increased their funding commitment, with KBC Aldini Capital and Ferdyne Advisory removed from the bid.

Former Amaya chief executive David Baazov has said that he was duped by a fake letter purportedly from Dubai-based finance firm KBC Aldini, committing to provide finance for his acquisition of the online gaming operator.