Cherry Group Increases Holding In German Online Gambling Firm

Swedish group takes an additional 4 percent, raising its total stake in Almor to 75 percent

Swedish online gambling group Cherry is clearly impressed with German-facing online gambling firm Almor Holdings and has increased its shareholding by 4 percent to a total stake of 75 percent with a further payment of Euro 760,000.
InfoPowa readers will recall that earlier this year Cherry secured a 71 percent interest in Almor, which operates the Kingplayer, Sunnyplayer and Sunmaker brands out of Malta, for a consideration of Euro 4.6 million in cash and Cherry shares, with a five-year option to acquire the remaining shares.
Almor posted net revenues of Euro 11.1 million in 2014, achieving an EBITDA of Euro 1.2 million.

Online Casino News Courtesy of Infopowa

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Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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