The agreement is based on a revenue sharing over a limited time period. Cherry estimate that the revenue will increase with MSEK 8 on yearly basis related to the deal, and that there will be a positive impact on the result, starting from the take over. The operation will start in mid July 2012.
Among the most known gaming locations are Victoria, Collage, Vasakoppen Café, O'Learys Södertälje and Soft Bar & Kök etc.
"I am very pleased to note that Cherry continues to take market shares within Restaurant Casino. This is another proof that Cherry´s commitment to quality and well trained staff in combination with innovative thinking, is the right way to go" says Emil Sunvisson, CEO Cherry.
For further information, please contact Emil Sunvisson, CEO and President,
telephone +46 8-514 969 50, +46 708-109 735, firstname.lastname@example.org
Cherry in brief
Cherry is a public Swedish Gaming Company with its B share listed on AktieTorget. Cherry has about 2,000 shareholders. Cherry specializes in casinos, slot machines and Internet gaming. Gaming is operated via subsidiaries in restaurants in Sweden, on board vessels servicing Northern Europe, the English Channel/Irish Sea and the Mediterranean and on the Internet from Malta (SverigeAutomaten. com, NorgesAutomaten.com, DanmarksAutomaten.com, PlayCherry.com and EuroLotto.com). Cherry employs around 700 people. www.cherry.se