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The Weather Lottery to cut back FC Betz operations

20th June 2011 8:30 am GMT

With an increased focus on its core lottery business, The Weather Lottery (TWL) said Monday that it has a “sound basis” for a return to profitability despite the prospect of the company facing legal proceedings as it looks to eliminate football sponsorship costs relating to deals signed by former CEO Keith Milhench.

TWL said that under the leadership of Milhench, the company expanded into the online gaming sector via its FC Betz.com brand, entering into a [...]

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