Cherry pulls Klubblo lottery backing

Casino operator takes hit of nearly €1m as regulatory change in Sweden impairs sports lottery business

Cherry AB is to "phase out" its involvement in Swedish sports lottery Klubblo after a recent amendments made to lottery regulation in the country effectively reduced the size of its potential market. Klubblo, which launched last year, provides online lottery games for a variety of sports associations, however the Swedish gaming regulator has since changed…

Bingo | Brand | Casino | Casino | CEO | Cherry | Deal | Game Lounge | Klubbo | Majority | Nordic | SBTech | Sportsbook | Sweden | While Label