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mybet shares slump as revenue hit by casino and poker decline

15th May 2014 12:31 pm GMT

German gaming operator mybet Holding has reported an 8 per cent drop in total revenue to €17.9m for the first quarter of 2014, with growth from the company’s sports betting product unable to offset a decline in casino and poker revenue.

mybet said that despite the decline, revenue was “slightly above” the company’s target levels following strong performances in January and February, although March fell short of expectations due to unexpectedly high single payouts and a [...]

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