Swedish gaming company Cherry, which runs websites including EuroLotto.com and NordicSlots.com and which is also the parent company of games developer Yggdrasil, has reported a 24 per cent increase in turnover for the second quarter of 2014.
Across all business areas, including the land-based Restaurants Casino business, group turnover increased to SEK76.4m from SEK61.6m against the same period in 2013.
Earnings (EBITDA) across the business came in at a loss of SEK4.1m, up from a deficit of SEK9.2m for Q2 2013. Cherry’s online gaming business grew by 38 per cent and deposits also increased by 38 per cent.
CEO Emil Sunvisson said of the results: “It has been a very positive first six months of 2014 and we can conclude that all business areas set new sales records.
“Online gaming continues to grow faster than the market and Yggdrasil has signed a number of new contracts. Cherry’s journey as a fast-growing online company continues.”
He added: “Within the online gaming business area, Cherry's products have been well received by the market and are now discovered by more and more players. Both CherryCasino and SpilleAutomater [websites] have developed strongly.”
