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Kindred hit by weak sports betting margins in France

Since Kindred Group's publication of the third quarter report on 25 October 2019, gross winnings revenues across most markets have been impacted by weak sports betting margins. The margin after free bets was 8.1 percent for the quarter, compared to 9.4 percent in the fourth quarter of 2018. The gross turnover for the sportsbook increased by 3 percent (5 per cent in constant currencies) compared to the fourth quarter 2018.

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