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Entraction revenues continue to fall in Q1

5th May 2011 8:04 am GMT

Sweden’s Entraction Holding AB has reported a 16 per cent fall in net sales to SEK82.7m for the first quarter of 2011, which it attributed to currency exchange losses and the weak development of its poker product, while the company’s shares soared by more than 30 per cent in Stockholm this morning after it received a public cash offer from leading games developer IGT.

Entraction said that disregarding the unfavourable Euro exchange rate, net sales would [...]

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