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SBM warns of challenging year ahead, cuts dividend

13th September 2011 8:02 am GMT

Société des Bains de Mer (SBM), which own 50 per cent of online gaming operator BetClic Everest Group, has told shareholders that it anticipates a challenging 2011/12 financial year as a result of the declining economic environment and the high tax rate for online gaming in France.

At its general meeting in Monte-Carlo last week, the board of SBM announced that no dividend would be paid for the 2010/11 financial year ended March 31st, following a [...]

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