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Sportingbet struggles in H1 as European revenues slip

29th February 2012 7:42 am GMT

Sportingbet plc has reported a 2 per cent increase in net gaming revenues to £109.4m for the first half of its financial year, with growth in the company’s core market of Australia offsetting a significant decline in European sports betting revenues.

In its results for the half year ended January 31st, Sportingbet said that amounts wagered grew by 18 per cent to £1,266.2m, following strong sports betting growth in Australia which saw amounts wagered soar 86 [...]

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