Sportingbet plc has reported a net loss of £45.4m for the year ended July 31st after the company incurred exceptional costs of £71.6m as a result of its settlement with the Spanish tax authorities, costs arising from its exit from Turkey, as well as expenses related to the acquisition and integration of Centrebet.

Sportingbet said that it had been a year of significant change and progress for the company, with revenues derived from regulated and taxed countries having now risen to over 80 per cent following the passing of online gamin laws in two of its largest markets in Greece and Spain.

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