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Global Gaming shares dive as dividend payment withdrawn

16th April 2019 6:47 am GMT
Global Gaming 555

Shares in Global Gaming slumped by more than 43 per cent in Stockholm Monday after the company withdrew its previously proposed dividend and warned that first quarter revenue would be 18 per cent behind last year.

The previously high-flying Ninja Casino operator said that the part of the market where it operates has fundamentally changed since the re-regulation of the Swedish gambling market in January.

“From many viewpoints, the new legislation works very well and successfully in achieving [...]

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