Latest News
Cherry Group lowers forecasts as ComeOn! integration continues
Cherry Group has moved to reduce its financial forecasts for the current year due to the impact of ongoing work related to the integration of the ComeOn! online gaming business.
In December of last year, Cherry exercised an option to purchase a 51% stake in ComeOn! after initially acquiring 49% of shares in the company in July 2016.
The acquisition went through in May of this year, with Cherry now owning 100% of the shares in ComeOn!
However, Cherry has reported that although business areas are performing well, the ComeOn! integration has not yet reached a “full positive impact”, which has in turn had an impact on revenue and earnings.
As a result, Cherry has moved to alter its full-year revenue forecast to SEK2.5bn (€262.2m/$309.3m), while the company said it expects to post earnings before interest, tax, depreciation and amortisation (EBITDA) of approximately SEK480m.
Cherry had made an initial revenue forecast of between SEK2.6bn and SEK2.7bn, while EBITDA was expected to amount to between SEK550m and SEK600m.
The company will publish an interim report for the second quarter of the current year later this week.
The International Association of Gaming Regulators (IAGR) has announced the appointment of four new trustees to its Board, each bringing unique expertise and leadership to strengthen IAGR’s global regulatory efforts:
- Anders Dorph, Danish Gambling Authority (Europe)
- Peter Kesitilwe Emolemo, Gambling Authority of Botswana (Africa)
- Kevin Mullally, General Commercial Gaming Regulatory Authority (Asia/Oceania)
- Louis Rogacki, New Jersey Division of Gaming Enforcement (North America)
IAGR President Ben Haden said, ‘I’m delighted to welcome our four new trustees to the IAGR Board. Their diverse expertise and leadership across different jurisdictions will bring fresh perspectives to our work, further strengthening our global approach to gaming regulation.
‘I look forward to collaborating with Peter, Louis, Kevin and Anders as we continue to foster innovation and drive forward effective, responsible regulation for the benefit of the global gaming community.
‘We also extend a big thank you to Trude Høgseth Felde and Mabutho Zwane for their dedicated service as they complete their terms on the Board, and I’m pleased to announce that Jason Lane will continue for another term as a Trustee.’
As a leading forum for gaming regulators worldwide, IAGR enables members to meet, share information, discuss legislative developments, exchange views and learn best practices in gaming regulation.
In recent news, IAGR has also confirmed that its 2025 annual conference will be held in Toronto, Canada, from 20 to 23 October 2025, with registrations opening in early 2025.
Kambi Group plc (“Kambi”) has during the period 6 November to 12 November 2024 (the “Buyback Period”) repurchased a total of 54,000 ordinary B shares (ISIN: MT0000780107) as part of the share buyback programme, within the mandate approved at the Extraordinary General Meeting on 20 June 2024 (the “Programme”).
The objective of the Programme is to achieve added value for Kambi´s shareholders and to give the Board increased flexibility with Kambi´s capital structure by reducing the capital. The Programme is being carried out in accordance with the Maltese Companies Act, EU Market Abuse Regulation No 596/2014 (“MAR”) and other applicable rules.
From the beginning of the Programme, which started on 6 November, until and including 12 November 2024, Kambi has repurchased a total of 54,000 ordinary B shares at a volume-weighted average price of 111.87 SEK per share.
During the Buyback Period, Kambi has repurchased shares as follows:
| Date | Aggregated daily volume (number of ordinary B shares) |
Weighted average share price per day (SEK) |
Total daily transaction value (SEK) |
| 6 November 2024 | 14,000 | 117.27 | 1,641,822 |
| 7 November 2024 | 10,000 | 115.17 | 1,151,709 |
| 8 November 2024 | 10,000 | 110.08 | 1,100,826 |
| 11 November 2024 | 10,000 | 107.82 | 1,078,240 |
| 12 November 2024 | 10,000 | 106.81 | 1,068,130 |
All acquisitions have been carried out on Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB on behalf of Kambi. Following the acquisitions and as of 12 November 2024, Kambi’s holding of its own shares amounted to 1,428,678 and the total number of issued shares in Kambi is 31,278,297 ordinary B shares. Under the Programme Kambi is authorised to repurchase a maximum of 3,127,830 ordinary B shares, up to a maximum amount of €12.0 million.
A full breakdown of all transactions carried out during the Buyback Period is attached to this announcement.
Information on the Programme is available on Kambi’s website, kambi.com/investors/share-information/
Zillion Games launches Storm Fruits 2, an exciting sequel to the popular Storm Fruits. With 4,096 ways to win and a Bonus Buy option, players can jump straight into the action for even more chances to win. This refreshed classic fruit theme combines timeless charm with modern thrills for a truly engaging experience.
Accumulated Bonus
During gameplay, bonus symbols accumulate, and when five symbols land, a special feature may trigger, adding the missing symbol to activate the Hold and Ring bonus mode.
Hold and Ring with Jackpots
In this bonus mode, players can win one of three jackpots: Mini, Minor, or Major. Fill all 20 grid positions to unlock the Grand Jackpot.
Free Spins with Random Walking Wilds
Wild symbols can appear in varying amounts on each new spin, moving to random positions and potentially leading to big wins. In Free Spins mode, landing three scatter symbols will trigger additional free spins for even more chances to win!
IAGR confirms new Board members
Kambi Group plc repurchase of shares during 6 November – 12 November 2024
Zillion Games launches Storm Fruits 2
Growe Partners Named Best Affiliate Program. Once Again.
All British Casino Joins Forces With WST For UK Championship
DISCOVER THE POWER OF THREE MAGICAL AMULETS IN TRIPLE CHARM JOURNEY
Unlock Explosive Payouts – Discover BETCORE’s Roulette x500 Today!
Abios Launches Esports Tournament Guide for 2025
IAG’s Andrew W Scott Announced as Latest Conference Chair for 2025 Regulating the Game Conference in Sydney
Veikkaus, Finland’s National Lottery Operator, Selects Optimove, the #1 CRM Marketing Solution for the iLottery and iGaming sector, as its CRM Marketing Solution
Gaming Americas Weekly Roundup – October 7-13
WorldMatch Announces Strategic Partnership with KGI
SmartSoft’s expertise and future vision for the African market
Amusnet Announces Partnership with Mojabet
BOOMING GAMES EXPANDS IN EAST AFRICA WITH MAYBETS LAUNCH
Promatic Games named Best Emerging iGaming Company at the European iGaming Excellence Awards 2024
-
Africa7 days agoEveryMatrix secures largest African turnkey deal with MBet partnership
-
Asia7 days ago
Nazara Publishing announces playtest for FAU-G: Domination at India’s oldest and biggest game developer conference IGDC 2024
-
Asia7 days ago
8Bit Creatives partners with NODWIN Gaming as the exclusive talent partner for DreamHack India
-
Asia6 days ago
VSPO, the largest esports company in Asia, rebranded Hero Esports to support global growth strategy
-
Balkans7 days ago
BEGE celebrates 15 years as Eastern Europe’s premier gaming expo
-
Gaming7 days ago
Getting ready for Xmas: SplitMetrics partnership with Wargaming helps World of Warships app sail to new heights with 15% uplift in organic conversions
-
Latest News6 days ago
Week 45/2024 slot games releases
-
Latest News7 days ago
AC MILAN AND SPRIBE ANNOUNCE NEW PARTNERSHIP AND WELCOME AVIATOR AS THE CLUB’S OFFICIAL CRASH GAME
