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bet-at-home widens Q1 profit as marketing expenses fall

7th May 2013 7:58 am GMT

Shares in BetClic Everest Group subsidiary bet-at-home.com rose by more than 7 per cent in Frankfurt yesterday after the company posted a 63 per cent improvement in net profit for the first quarter of 2013.

bet-at-home.com said that the increase in profitability was a result of a planned reduction in its advertising expenses due to the lack of a major sporting event in the current financial year.

Total betting and gaming turnover fell by 10 per cent [...]

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