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Ladbrokes parent GVC sees profit beat as UK betting shops outperform

FILE PHOTO: A pedestrian walks past a branch of Ladbrokes in London
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(Reuters) - Ladbrokes-owner GVC Holdings sees earnings beating expectations this year as its UK betting shops fare better than feared in the face of stricter regulation on fixed-odds betting terminals.Its shares rose 5.5% to 577 pence by 0838 GMT, helping boost rival William Hill which rose as much as 7% a week after posting lower first-half profit hurt by the regulatory cap and costs of..
Date Published: Aug 15, 2019
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