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    Irish bookmaker Paddy Power has cited the growth of its online gambling business as the reason behind a jump in revenue, operating profit and EBITDA during the 12 months through to December 31, 2013.

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    Bookmaker William Hill has cited the success of its multi-channel betting service as the reason behind an increase in revenue during the 12 months through to December 31, 2013.

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    Ladbrokes has confirmed that it will be closing 40-50 betting outlets in the near future as it looks to optimise its retail estate in “secondary locations”.

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    The global gambling sector grew 4.9% in 2013 and generated €317.6bn in gross win, a figure that is set to rise to €332.4bn in 2014 and then on to €395bn by 2018, iGaming Business’s exclusive data partner H2 Gambling Capital has revealed in the second of the four data-led articles it is publishing this week.

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    UK bookmaker William Hill has cited the success of its online sportsbook operations as the main cause of a “strong” performance in the final quarter of 2013.

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    US land-based and online sportsbook Affinity Gaming has cited “soft regional gaming trends” as the reason behind a year-on-year drop in its third quarter operating results.

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    Italian retail and online sportsbetting provider Sindacato Nazionale Agenzie Ippiche (SNAI) suffered a 3.6% year-on-year fall in revenue in the third quarter of 2013.

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    Svenska Spel has reported a 5.4% year-on-year increase in operating profit in the third quarter of the year to SEK1.318 billion (€150.2 million/$207 million), but president Lennart Kall has admitted that challenges remain for the state-controlled Swedish gaming monopoly.

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    France's Pari Mutuel Urbain (PMU) recorded a 0.2% rise to €1.87bn in gross gaming revenues for the nine month period to the end of September and strong progress in its international activities, although its land-based business in France continued

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    The Hong Kong Jockey Club has posted record turnover of HK$94.37 billion (€9.27 billion/$12.16 billion) for the 12 months until June 30 – a 12.3% year-on-year increase.

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    UK bookmaker William Hill has reported an 8% rise in group operating profit for the first half of the year, following a number of acquisitions that have allowed it to expand its operations into Australia.

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    Switch follows $2.3m investment from venture capital firm T-Venture and will see exchange premiere a number of new elements.

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