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UKbetting to raise up to £11.5 million from a shares placement

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The online bookmaker and content provider will use the proceedings to accelerate the development of its content network to enable the provision of new, sophisticated modes of advertising and video streaming, as well as allow for the provision of multi-lingual content.

In separate news, the Rank Group, which includes Blue Square, announced that Ian Burke, former Managing Director of Gala Bingo, will succeed Mike Smith as Chief Executive effective March 6.