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Unibet’s first quarter revenues fall following French exit

11th May 2011 8:15 am GMT

Swedish online gaming operator Unibet Group plc has reported a 10 per cent drop in gross winnings revenue to £37.5m for the first quarter of 2011, as a result of the company’s withdrawal from the French gaming market which accounted for 23 per cent of revenues last year.

Excluding France, Unibet said that gross winnings revenue (GWR) increased by 16 per cent versus the corresponding period a year ago.

Unibet’s sports betting product saw GWR fall by [...]

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