German gaming operator mybet Holdings has completed the sale of its stake in horse racing betting business pferdewetten.de, but has been forced to cut its predicted revenue for 2016 as a result.
The sale of the operator’s 52.2 per cent holding in pferdewetten.de to individual investors, amounting to 1,810,307 shares, has raised a total of €9.9m in funds for the company.
It has used this income to fund an exchange of collaterals in accordance with the bond [...]
