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bet365 posts loss in Australia but confident of longer term profit

6th August 2014 1:30 pm GMT

The Australian subsidiary of UK-based online gaming operator bet365 maintains that its brand and product offering are gaining momentum in the Australian market and will become profitable over the longer term and deliver a positive financial contribution to the group.

It follows publication of the company’s results for the year ended March 30th, with bet365’s Australian business posting a net loss AUD$40.8m in its first full year of trading since its inception.

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