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Cherry boosts profit with strong online gaming growth

16th August 2018 9:32 am GMT

Stockholm-listed gaming operator and B2B supplier Cherry has increased its second quarter profit six-fold following a 41 per cent rise in revenue to SEK753m (€72.3m) for the quarter.

Growth was largely driven by Cherry’s B2C Online Gaming segment, which grew revenue by 38 per cent to SEK601m to account for 80 per cent of Cherry’s Q2 total.

Deposits from customers increased by 51 per cent to SEK1.98bn, with the number of active players climbing 3 per cent quarter-on-quarter to 329,684. Mobile [...]

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