Cherry acquires leading online casino targeting German-speaking markets
Cherry announces that it has acquired 71 percent of the shares of the Malta based company Almor Holding Limited (Almor), a leading online casino business specialising in German-speaking markets. The effective date of the acquisition is July 1 2015 and Cherry AB will consolidate Almor within its group accounts from July 1 but have the right to the earnings from May and June in the acquired balances. Cherry expects Almor to report positive EBITDA in both May and June as well as the remaining part of 2015, contributing to Cherry’s Online Gaming division, which expects to report a positive EBITDA