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Unibet cuts dividend to fund acquisition hopes

16th February 2011 9:28 am GMT

Swedish online gaming operator Unibet Group plc has reported gross winnings revenue of £147.5m for the year ended December 31st 2010, an increase of 7 per cent versus the previous year, despite fourth quarter revenues falling 16 per cent as a result of the company’s withdrawal from the French market last year.

Gross winnings revenues (GWR) from Unibet’s sports betting product fell by 29 per cent to £13.4m during the fourth quarter as a result of [...]

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