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Higher taxes and Italian investment hit 32Red’s bottom line

10th March 2016 8:48 am GMT

London-listed online gaming operator 32Red has recorded a 71 per cent drop in profit for the full 2015 year, with results significantly impacted by the introduction of the new Point of Consumption tax regime in the UK and increased investment in Italy.

It follows a record trading performance by the company which saw net gaming revenue climb 52 per cent to £48.7m, including a contribution of £5.2m from the recently acquired Roxy Palace [...]

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