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mybet shares slump as cost-cutting programme begins

15th August 2013 9:45 am GMT

Germany’s mybet Holdings has initiated a “comprehensive” cost-cutting programme to negate the impact of the German betting tax and the loss of activities in France on its results during the first half of 2013, while the company will also look to invest in new products and markets to generate additional revenue sources.

mybet saw revenues increase by 3 per cent increase to €34.9m for the first half period, but claimed that betting taxes and regulatory [...]

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