Cherry subsidiary acquires Slot Tracker

The Affiliate Company Game Lounge subsidiary of Cherry AB has completed the acquisition of Slot Tracker.

The purchase consideration amounts to €1m ($1.2m), of which €200,000 will be paid 12 months after the deal goes through.

An additional €300,000 will also be paid if certain objectives are achieved over a two-year period.

Slottracker.com enables users to track every wager they place via casino games, as well as see how much they have won and what bonuses they have achieved.

“The purchase of Slot Tracker complements Game Lounge’s already strong offering in order to help players find the right casino or other online games,” Game Lounge chief executive Jonas Cederholm said.

“We look forward to working with the people who built Slot Tracker to be able to develop new features that allow each player to gain more control over their gaming.”

Anders Holmgren, chief executive of Cherry AB, added: “Game Lounge is continuing to expand its business; Slot Tracker makes it even clearer that the company’s solutions give players access to information that provides an overview, so that players can choose a game more easily based on their own criteria.

“With Slot Tracker, we complement Cherry’s value chain and I look forward to the new features we will launch in 2018.”

Related article: Cherry confirms financial forecast for 2017