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Redbet recovery continues into first quarter

18th May 2011 8:15 am GMT

Swedish online gaming operator Redbet Holding AB has reported a 10 per cent fall in revenues to SEK17.2m for the first quarter of 2011, with last year’s cost-cutting measures helping the company to record a net profit for the second consecutive quarter.

Revenues were up 1 per cent versus the previous quarter, with growth in sports betting and casino offsetting a decline in online poker.

Redbet said that the revenue distribution between its products are now more [...]

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