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Bwin posts EUR 5.1m loss after tax

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The Austrian bookmaker reported a 20 per cent increase in total revenues for the third quarter 2007 to EUR 86.2 million, with sports betting revenues up 15 per cent to EUR 47.3 million and a sports betting margin of 8.5% (Q2 2006: 7.2%). Reduced marketing expenses, which in Q3 2007 were down by 44% to EUR 29.1 million, allowed Bwin to narrow its loss after tax for the quarter to EUR 5.1 million, compared to a loss of EUR 22.6 million for the same period the previous year.

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Bookmakers Review
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