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mybet shares drop 9% after tough first quarter trading

12th May 2016 8:14 am GMT

mybet Holdings has endured a tough first quarter in which revenue fell 11 per cent as a result of capital controls in Greece and the limitations of its existing gaming platform, while the launch of its revamped online sportsbook and casino offering has been pushed back to the third quarter.

Revenue for the fist quarter of 2016 dropped from €16.7m to €14.9m, with the key sports betting vertical down 10.6 per cent to €8.2m. [...]

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