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Spanish retail betting continues to drive betbull losses

4th June 2010 8:33 am GMT
After a disappointing year in which revenues fell by 19 per cent, betbull Holding SE has reported a 5 per cent increase in net gaming revenues to €4.2m for the first quarter of 2010, buoyed by the performance of its core retail betting business in Germany. The company said however that it continues to be weighed down by losses with further investment in its Spanish retail betting business required to reach profitability.

Betting turnover fell marginally [...]

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