Cherry Announces Strong Profits
By staff
After recently separating itself into three different operation groups, the Swedish online gambling group Cherry, has reported strong figures for its fourth quarter and full 2005 year.

Sales for the quarter increased 46% to 136m Swedish Kroner (about GBP 10 million) compared with the same period for 2004. 42 million came from the acquisition of online sportsbetting company Betson and over the 12-month period to the end of 2005, sales grew by 45% to 452 million.

Cherry last year divided the group into three groups: Cherry Online, which includes gaming portal Betsson and CasinoEuro.com, Net Entertainment, a turnkey provider and gambling software developer, and gaming machines provider Cherry Casino. These three divisions will each be independently listed.

Highlights from the report included the announcement that Betsson had achieved and surpassed its annual objective of 200,000 registered customers by the end of 2005.

 
 
 
 
 
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