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Sportingbet to raise £130m as Q3 revenues fall

26th May 2011 10:29 am GMT

Sportingbet plc said Thursday that it will look to raise gross proceeds of £130m through the issue of shares and convertible bonds to finance the acquisition of Australian rival Centrebet International Limited, as the company reported a 2 per cent drop in net gaming revenues to £54.7m for the third quarter ended April 30th as a result of the company’s exit from France and Norway last year.

Amounts wagered for quarter were down 3 per cent [...]

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