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mybet posts Q1 revenue growth despite sports betting decline

13th May 2015 8:22 am GMT

Germany’s mybet holding has recorded a 2 per cent increase in first quarter revenue to €18.3m, despite posting a decline in revenue from its core sports betting vertical.

mybet said that the quarter was dominated by measures taken to reposition the business for growth, as highlighted by the company’s recent agreement with Amelco to overhaul its sportsbook product.

Q1 2015 Revenue

Betting stakes rose 14 per cent compared to the previous [...]

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