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L&G Drops 2009 Dividend Amid Rising Costs

28th January 2010 7:25 am GMT

Leisure & Gaming plc has reported a 12% increase in total net winnings to €6.6 million for the fourth quarter of 2009, following strong growth in the company's Italian poker offering.

Amounts wagered on sports betting including horse racing fell by 13% year-on-year to €19.4 million in the fourth quarter with net winnings of €4.3 million down 12% year-on-year, which the company attributed to poor weather conditions in the last two weeks of December.

Tournament poker fees [...]

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