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Higher marketing costs erode bet-at-home.com profit

7th November 2016 10:22 am GMT

Frankfurt-listed gaming operator bet-at-home.com has reported a 13.5 per cent increase in net betting and gaming revenue to €81.8m for the first nine months of 2016, benefiting from marketing investments made during Euro 2016.

Gross betting and gaming revenue rose 15 per cent to €100.4m, as stakes grew by 17 per cent to €2,081.2m for the nine-month period.

Betting fees and gambling levies were up 13 per cent to €11.8m, with VAT regulations for the EU resulting [...]

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