Sportingbet sticks to full-year profit targets

Sportingbet's website Sportingbet's Australian business is performing strongly

Sportingbet has said its full-year profits will meet expectations, despite continuing "challenging economic conditions" in Europe.

The online gambling firm said it was also being hit by higher regulation and taxation in Europe.

It had to suspend its Spanish unit temporarily in March after a court upheld an injunction brought by a casino firm.

By contrast, Sportingbet's Australian business was performing "strongly".

In May, the company reported a big fall in quarterly group-wide pre-tax profits, down to £300,000 from £12.1m a year earlier.

Sportingbet's Spanish operations have since been restarted.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories



BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.