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Sportswinbet says its sportsbook commenced operations in April on a trial basis

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Kolarmy Technology, a company licensed in the Cagayan Special Economic Zone (Philippines), agreed to operate the Sportswinbet branded sportsbook and took wagers for over £13 million during the first two months of tests. Sportswinbet, which posted a loss of £380,000 for the year ended 31 December 2006, said it will decide in due course whether to move from a trial to a full scale operation and marketing of the site.