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Low Sports Betting Margin Impacts bwin 2009 Earnings

25th February 2010 9:42 am GMT

Despite a marginal increase in net gaming revenues in 2009, bwin Interactive Entertainment AG said Thursday that adjusted EBITDA for the year will fall below previous forecasts as a result of lower than expected sports betting margins in Q4 and negative currency exchange movements.

Full year net gaming revenues (NGR) from sports betting fell 4% year-on-year to €194.6 million, despite a 5% increase in sports betting NGR in Q4 versus the previous year. bwin said that [...]

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