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Revenue decline and court settlement hit SNAI’s bottom line

24th March 2014 9:04 am GMT

Italian gaming operator SNAI has reported a 7 per cent drop in total revenue to €478.8m for 2013, with net loss for the year more than doubling to €94.5m following its video lottery terminal (VLT) court settlement with Italian authorities.

SNAI benefited from strong growth from the company’s sports betting and VLT operations, although this was unable to offset a decline from its AWP business in Italy...

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