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Cherry widens loss despite strong revenue growth

27th August 2014 8:09 am GMT

Swedish gaming operator Cherry has reported a 23 per cent increase in revenue for the first half of 2014, with online gaming revenue up 40 per cent and land-based revenue improving by six per cent.

Cherry posted group revenue of SEK149.4m (€16.3m) for the first half of 2014, with online gaming contributing SEK79.7m (€8.70m) in revenue and the land-based restaurant casino business in Sweden a further SEK68.3m (€7.46m).

The company attributed the strong online performance to growth [...]

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