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European betting and gaming operator Fortuna Entertainment Group has revised its earnings forecast for 2017 after benefiting from a higher than expected sportsbook margin during the final quarter of the year.

Stockholm-listed performance marketing specialist Catena Media has strengthened its position in Germany with the acquisition of sports betting and financial services affiliate Dreamworx Online.

Frankfurt-listed lottery betting provider Zeal Group has implemented a new hedging structure that will reduce its risk exposure by €20m over two years and also enable the company to add new partners and products to its offering.

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