Cherry AB to Suspend Trading This Week

Swedish gaming firm Cherry AB has announced that they will suspend trading this week, fueling speculation that there may be a major announcement made by the company.

Cherry hasn't given a formal reason for why it will suspend its trading, although there is speculation that the company could be preparing to announce that they have a possible acquisition deal in place, or something similar that could affect trading. The company's current CEO Fredrik Burvall has opted to not comment on the trading suspension until later this week.

Cherry has been in operation since 1963, and has grown to see the company run Cherry Casino, Euro Slots, Euro Lotto, and Spille Automater, making it a major player in the Scandinavian betting market. The company is currently traded on the Stockholm Stock Exchange, and has had a recent run of acquisitions in the recent past.

Casino Listings will update this story as more developments arise.

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6 May 2016 - 9:52pm

I guess this aqusition rumours would become reality because to stop trading just like that for a week don't sound logical to me, I think we will know pretty soon about that because the brand is huge player on the market and nothing aroundn it could stay secret.