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Cherry profits soar following online gaming growth

23rd February 2011 9:03 am GMT

Sweden’s Cherryföretagen AB has reported a 39 per cent increase in revenues to SEK374.9m for the year ended December 31st 2010, with growth in the company’s online gaming and restaurant casino segments offsetting a decline in maritime gaming revenues.

Cherry’s online gaming segment saw revenues amount to SEK133.8m during the year following the acquisition of AutomatGruppen last March, and now accounts for 36 per cent of total revenues.

At the end of Q4, active customers increased by [...]

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