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Leisure & Gaming Hit by Poor Q1 Following 2009 Growth

22nd April 2010 7:43 am GMT

Following a year of strong growth during which net winnings increased by 20% to €24.7 million, Leisure & Gaming plc said Thursday that net winnings for the first quarter of 2010 dropped by a third to €5.8 million as a result of lower margins on sports betting versus last year's exceptionally strong comparable period.

Sports betting generated net winnings of €15.6 million in 2009, down 9% year-on-year, with amounts wagered falling marginally to €70.2 million as [...]

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