Cherry defers Nasdaq Stockholm listing

Swedish online betting operator Cherry AB has temporarily deferred its plan for a Nasdaq Stockholm as it tries to finalize its integration with Malta-based sports betting operator ComeOn.

The company announced in a press statement that it will move the listing in Nasdaq from AktieTorget by the end of summer this year. It assured investors that the listing remains to be a high priority of the firm.

“Due to the recently completed and significant acquisition of Come On Malta Ltd, and the work with finalizing the integration that has been ongoing since July 2016, Cherry has decided to postpone the application for uplisting to Nasdaq Stockholm until after the summer,” the company said. “The company is in a strong position in relation to the uplisting and the preparations continue with high priority. The decision allows the company to focus on finalizing the integration with ComeOn, and also the latest acquisition of the game development company Highlight Games that was communicated to the market last week.”

Last year, Cherry acquired ComeOn to boost its Nordic market presence. ComeOn holds licenses in Malta, the UK and Curacao, and operates brands including ComeOn.com, Mobilbet.com, CasinoStugan.com, folkeautomaten.com, Suomikasino.com, GetLucky.com and Kasyno.pl. The sites boasted a combined active customer list of over 133k as of December 2015.