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Sportingbet reveals an exceptional charge of £252m

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The online sports betting and gaming group posted a loss before tax of £241.4 million for the first quarter due to a one-off exceptional charge of £252 million for exiting the US market. The exceptional charge included a £132.7 million write-down of investments, a £106.3 million loss on disposal of investment and restructuring costs of £13.4 million.

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