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Cherry to cease investment in Swedish sports lottery Klubblo

30th January 2015 1:16 pm GMT

Shares in gaming operator Cherry fell by nearly 8 per cent in Stockholm Friday after the company confirmed that it is to cease its involvement in the newly launched Swedish sports lottery Klubblo.

Cherry said that it had made the decision as a result of regulatory conditions blocking a number of the country’s key sports associations from working with the lottery’s founder, the Swedish Sports Alliance (Idrottsalliansen).

The operator explained that Lotteriinspektionen, the Swedish gaming regulator, had altered [...]

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