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Cherry: Online revenue contribution tops 50%

26th August 2011 7:27 am GMT

Sweden’s Cherryföretagen AB has reported a 6 per cent increase in total revenues to SEK109.7m for the second quarter of 2011, buoyed by the continued strong performance of its online gaming business which offset declines in the company’s restaurant casino and maritime gaming segments.

Cherry’s online gaming segment, which includes the recent acquisition of AutomatGruppen, saw revenues increase by 32 per cent year-on-year to SEK55.0m for the second quarter, and now accounts for more than half of the [...]

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