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Cherry posts Q1 loss as online gaming marketing expenses soar

12th May 2014 7:56 am GMT

Sweden’s Cherry has reported a 22 per cent increase in total revenue to SEK73.0m for the first quarter of 2014 following strong growth from the company’s online gaming business.

Online gaming revenue grew by 43 per cent to SEK30.1m, and now represents nearly 54 per cent of the company’s total. Cherry’s other main business segment, Restaurant Casino, saw revenue climb 3 per cent to SEK33.3m during the quarter.“Cherry continues to gain market shares, both online [...]

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