Cherry acquires majority stake in affiliate business

Casino operator pays €1.4m upfront for 51% holding in Nordic-facing Game Lounge

Cherry AB has acquired a majority stake in Nordic-facing affiliate business Game Lounge in a deal worth up to €3.4m. The casino operator has paid €1.4m upfront for a 51% shareholding with an extra conditional sum of up to €2m to be paid no earlier than 13 months after completion of the deal. Cherry also…

Brand | Casino | Casino | CEO | Cherry | Deal | Game Lounge | Majority | Nordic | SBTech | Sports betting | Sportsbook | While Label