Casino stock 2

Gameday Group’s acquisition by Sweden-based Cherry With Friends AB has been finalised, after a majority of its shareholders accepted the Swedish iGaming firm’s “mix-and-match-offer” for Gameday Group’s entire issued share capital back in November.

The completion of the transaction was announced by Gameday Group’s St Julian’s-based subsidiary, Together Gaming Solutions plc, on Sunday.

Together Gaming’s Board of Directors had anticipated that should the move materialise, it would have an “overall positive effect” on the company.

In Sunday’s update, Together Gaming stated that all conditions precedent to the transaction were satisfied and it was successfully concluded.

Following the move, Gameday Group’s shares are now held by Cherry With Friends (99.99 per cent of shares) and its CEO Aron Egfors (holding one share).

Founded in 2019, Cherry With Friends seeks to invest in growing, stable, and high-quality companies with a presence in the markets they operate in, acting as a long-term investor. The company’s primary commitment as at the time of writing is Cherry Spelglädje AB, a casino company whose origins date back to 1963.

Gameday Group is the majority shareholder of Together Gaming, a cloud-based platform solution that powers a number of iGaming brands. The platform aims to provide the technical foundation required by iGaming operators to launch and operate their business from anywhere in the world.

Continue Reading

Gammix Limited slams ‘outrageous and unsubstantiated’ €19.7m KSA penalty

1 March 2024
by iGamingCapital.mt

'The KSA has imposed upon our company a penalty that is both outrageous and unsubstantiated'

IZI Finance generates a pre-tax profit of €323,142 during the final six months of 2023

29 February 2024
by iGamingCapital.mt

An upturn in revenue largely came from operating Malta's National Lottery

EGBA welcomes confirmation of Frankfurt as seat of new EU anti-money laundering authority

28 February 2024
by iGamingCapital.mt

AMLA, which will commence operations in mid-2025 with over 400 staff members, will possess both direct and indirect supervisory powers over obligated entities, including the EU’s biggest financial institutions

‘People who fix things and those with a vision – that’s the fire I’m looking for’

27 February 2024
by Ramona Depares

VentureMax CEO Justin Anastasi reveals bold plans to support innovative tech projects in 2024

See more