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Cherry AB (publ) applies for delisting and EE Intressenter will initiate redemption of outstanding shares in Cherry AB

George Miller

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Cherry AB (publ) applies for delisting and EE Intressenter will initiate redemption of outstanding shares in Cherry AB
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European Entertainment Intressenter Bidco AB (“EE Intressenter) has announced that the company owns more than 90 percent of the shares in Cherry AB (publ) – STO: CHER-B.ST. The Board of Cherry AB has received a call for redemption proceeding of the minority shares as well as outstanding warrants from EE Intressenter.

In addition, the Board of Cherry AB (publ) has today resolved to apply for delisting of the Cherry share, series B, from Nasdaq Stockholm. The last day of trading in the company’s shares on Nasdaq Stockholm will be announced as soon as the company has received the confirmation thereof from Nasdaq Stockholm.

On 18 December 2018, EE Intressenter announced a recommended public cash offer to the shareholders in Cherry AB (publ), to tender all shares of series A and series B in Cherry at a price of SEK 87 per share (the “Offer”). On 29 January 2019, the Offer was declared unconditional.

 

CHERRY IN BRIEF:

Cherry is an innovative and fast-growing gaming company with operations in gaming, entertainment and media. The company was founded in 1963 and today, Cherry operates through five diversified business areas: Online Gaming, Game Development, Online Marketing, Gaming Technology, and Restaurant Casino. The Group’s objective is to grow organically in combination with strategic acquisitions of fast-growing companies. Cherry AB’s principal owner is Bridgepoint Europe VI Fund. The company’s Class B share is listed on the Nasdaq Stockholm exchange, Mid Cap segment. More information is available at www.cherry.se.

 

Press Releases

Booongo illuminates the night sky with latest release Moon Sisters

George Miller

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Booongo illuminates the night sky with latest release Moon Sisters
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Slot designer enhances its Hold and Win offering with exciting new slot

Progressive games provider Booongo is aiming to brighten up the evening sky with its latest slot, Moon Sisters, with cash prizes and three lucrative jackpots on offer for players.

The visually stunning Asian-themed 3×5 game features 25 paylines and is the newest addition to the developer’s Hold and Win portfolio.

Collect six moon symbols to gain entry to the bonus round, where multiple respins provide the potential for players to claim the three in-game jackpots – Grand, Major and Mini.

During the round, the Hold and Win mechanics stick all bonus moon symbols that appear on the reels, with each new appearance resetting the remaining free spins to three. Scoop the Grand jackpot prize when 15 moon symbols cover the reels, which is worth 1000x the starting stake.

Moon Sisters is the latest slot in Booongo’s cutting-edge portfolio and features quality graphics and an immersive soundtrack that players come to expect with the provider’s games.

Yuriy Muratov, Head of Account Management and Business, said: “We’re thrilled to announce the release our stunning new video slot, Moon Sisters, the newest member of our expanding suite of games.

“Featuring a variety of exciting Jackpots and the popular Hold and Win mechanic, we’re sure this new title is going to brighten the gaming experience and will make a great addition to an operator’s portfolio.”

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Press Releases

Spearhead Studios launches bespoke title Book of Gates on Wunderino

George Miller

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Spearhead Studios launches bespoke title Book of Gates on Wunderino
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Spearhead Studios is pleased to announce the launch of the bespoke title Book of Gates on the successful German casino operator Wunderino. The new slot release sees British explorer, Sir Percy Forcet, on a quest to discover the treasures hidden deep inside the tomb of a powerful pharaoh, using the ancient Egyptian scroll as his guide.

Book of Gates was specially developed to rise to the high expectations of Wunderino’s players. The title has high-volatility and features a 5X3 videoslot with ten paylines and a maximum win of over 11,000X.

Book of Gates sets the player in the awe-inspiring subterranean tomb of the ancient pharaohs, complete with rich stone carvings, golden flourishes and eternal flames. The environment comes to life when the bonus game is triggered, leaving the player in no doubt that they are now battling with the Egyptian spirits in a quest to discover their secret treasures.

Mathias Larsson, Managing Director of Spearhead Studios, says: “We are very pleased to have released a bespoke game for Wunderino. It’s been a great pleasure working with them on Book of Gates, and we are looking forward to developing additional slot titles for Wunderino and other clients.”

Tobias Carlsson, CEO of ROL Malta, comments: “We are constantly trying to improve the content-experience for players in our markets. Partnering up with Spearhead was the right move for us to explore how we can take a bigger role in that process going forward.”

As well as pushing the graphical presentation to new levels, Spearhead Studios put considerable effort into creating a bespoke soundscape for the game; one that truly conveys the presence of the pharaohs, and the quest that our hero is embarked upon. As with all Spearhead Studios’ games, Book of Gates was designed to be fully enjoyed on mobile devices and has been optimised to minimise file size and loading times for an enjoyable player experience.

In the free spins bonus game, a special symbol is selected which then acts as an expanding scatter and can generate big payouts. All base and feature wins can be entered into the Gamble Ladder to potentially increase them up to €30,000. 

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Press Releases

LOTTOLAND LAUNCHES FIRST CHARITY LOTTO

George Miller

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LOTTOLAND LAUNCHES FIRST CHARITY LOTTO
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Win-Win Charity Lotto will support four UK charities

Leading online lotto betting operator, Lottoland, has launched its first charity focused lotto in the UK, where 20p of every pound bet will be donated to four charities – The British Red Cross, Hospice UK, Keep Britain Tidy, and The Marine Conservation Society.

Each bet of the Win-Win Charity Lotto will cost £1 and the jackpot will be fixed at £250,000 for every draw. The game format and results will be based on the popular French Lotto, with draws taking place every Monday, Wednesday and Saturday. Five balls will be drawn out of a total of 49, with 10 bonus balls up for grabs.

Lottoland CEO Nigel Birrell said: “We are delighted to be able to launch our charity lotto betting game here in the UK and are delighted to have these four fantastic charities on board, all of whom support amazing causes.

“The whole team at Lottoland are excited to see the launch of the Win-Win Charity Lotto, it’s something we’ve been working on for some time and absolutely feels like the right step for the business. We believe we’ve found a good balance, as the respective charities will all appeal to a different audience and yet are all equally, immeasurably important in what they do.”

Katherine Ross, Head of Corporate Partnerships at the British Red Cross said: “The British Red Cross has been supporting people at every stage of crisis for over 150 years, both in the UK and around the world. In the aftermath of crisis, we are there to help people rebuild their lives and create a more sustainable future. In the UK, we respond to an emergency on average every four hours, from fires and floods to power outages and terror attacks. Through the kindness of our supporters, we can continue our vital work to protect the most vulnerable people.”

Tracey Bleakley, CEO at Hospice UK commented; “Hospice UK are delighted to be partnering with Lottoland on the Win Win Charity Lotto. Hospice UK is the national charity for hospice and palliative care. The Win Win Charity lotto will help us continue our work to ensure all adults and children living with a terminal or life-shortening illness receive the care and support they need, when they need it.”

Richard McIlwain, Deputy Chief Executive of environmental charity Keep Britain Tidy, said: “As one of the charities that will benefit from Lottoland’s new Win-Win Charity Lotto, Keep Britain Tidy will be able to undertake more work to support communities up and down the country in improving their local environment so that they can love where they live and feel the benefits that come from having access to great parks, beaches and public spaces.”

Mike Crossley, Director of Fundraising and Marketing  at The Marine Conservation Society commented; “At what is such a challenging time for charities across every sector, it’s fantastic to have the support of Lottoland. The money raised by players of Lottoland will be immensely valuable to our ongoing work fighting for our ocean, working towards a cleaner, better-protected, healthier future where both nature and people thrive.”

Launched in 2013, Lottoland has grown rapidly to become the world leading online lotto betting provider, allowing people to bet on the outcome of lotteries from around the world – it has a range of jackpots on offer at any one time so that people can pick and choose how they want to bet. For more information, please visit www.lottoland.co.uk.

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