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Betsson improves bottom line as Q2 revenues fall

26th July 2011 8:57 am GMT

Impacted by the divestment of its Turkish facing business at the end of last year, Sweden’s Betsson has recorded an 8 per cent decline in total revenues to SEK338.2m for the second quarter of 2011, despite significant growth in turnover from the company’s sportsbook offering.

Betsson said that gross turnover from its sportsbook increased by 46 per cent to SEK1,805.0m, despite the strong comparable period a year ago during which the football World Cup was held. [...]

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