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Betinternet looking to acquire another sportsbook operation

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The Isle of Man-based betting firm showed an EBITDA profit for the year ended May 27 of £162k on group turnover of £87.1m, up from £67.6m in 2006, and said it continued to seek a strategic acquisition for its sportsbook operation as part of its strategy for growth. While the main regional focus of Betinternet remains in the Far East, the sportsbook and horseracing betting operator said to be keen to grow its presence in Europe.