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Swedish Gaming Group Cherry Weighs Sale of ComeOn

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1 year ago

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Swedish gaming operator Cherry AB is exploring options to sell its online casino and sports betting subsidiary, ComeOn Group, as part of a strategic shift in focus.

Cherry, owned by private equity firm Bridgepoint, is reportedly working with financial advisors at Moelis and Jefferies to evaluate the best course of action for its Malta-based subsidiary. According to insiders familiar with the matter, the possible sale could value ComeOn at around €500 million, based on its projected earnings for 2025.

The consideration to sell ComeOn aligns with a broader trend among European gambling operators that are offloading consumer-facing assets to concentrate on their business-to-business (B2B) services and software development.

The post Swedish Gaming Group Cherry Weighs Sale of ComeOn appeared first on European Gaming Industry News.

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