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SNAI revenues hit by high sports betting payouts

13th November 2012 9:09 am GMT

Italian gaming operator SNAI has reported a 9 per cent drop in revenues to €369.5m for the nine month period ended September 30th, following a continued decline in the company’s sports betting and horse race betting operations.

SNAI said that the results were lower than the company’s forecasts, although this was mainly attributable to exceptional events which occurred during the period.

This included a higher payout for sports betting as compared with expectations, effects stemming from [...]

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