Cherry AB acquires Lariviera Casino

Lariviera Casino has extracted an astonishing amount from the tiny company that tried to make a name for itself in this competitive industry. Online logo rivieracasino gambling has always been a tough environment and only the strongest survive.

By paying attention to the needs of individual customers one also meeting the high expectations of veterans, they managed to provide state-of-the-art services. Even the best companies can only go that far without the support of because groups and this is what happened in this case.

This press release confirms the completion of a business acquisition by Cherry AB. The gambling giant started the procedures in early 2016 and now the takeover is complete. After buying the first 49% of Lariviera Casino they reserve the right of acquiring the rest and this is one happens now. This is just one of the flagship casinos that were incorporated into their online gambling ecosystem. Lariviera Casino joins Mobilbet, Folkeautomaten and Casinostugan in a very select group.

Many of those who play at any of the aforesaid casinos are wondering whether they will be eligible for bonuses at other operators. There are plenty of good news for these guys, since they can sign up for new account and enjoy more bonuses. As long as you abide by the rules and meet the wagering requirements, there should be no problems in cashing out the profits. Furthermore, they will enjoy the same fair gaming environment so their only real challenge is to beat the house edge.

Cherry AB has paid a hefty fee for the 49% of the shares, with the transaction being evaluated at nearly €80 million. Only half of that amount was paid in cash and the rest in shares, but at the end of the day what matters the most is that the transaction has been completed. Stakeholders are very optimistic about what the future will bring and expect that both businesses will grow together at an accelerated pace. By putting together the resources and know-how, they hope to become more competitive.
This is not the first gambling group that expressed his interest on acquiring Lariviera Casino. Such a lucrative and popular gambling operator caught the eye of other investors. Everyone likes the idea of spending cash on a business that has proven his quality over the course of time. Add to this the fact that they already have a significant customer base and you’ve got good reasons for such a buyout to unfold. The casino chose to wait until someone made a better offer and that’s exactly what happened this month.

Overall, Cherry AB are expected to pay nearly €300 million, which is a lot of money by any standards. What matters the most is the return on investment and in this regard everyone is optimistic. With hundreds of people employed and thousands of shareholders, the new owner of the popular casino will put its entire weight behind the new business.

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