It seems that fine wine, women and song doesn’t quite cut it for Ladbrokes, who has decided to pull out of Italy – pronto. The Magic Sign has flogged its loss-making chain of Italian betting shops to an affiliate of Italian gaming and betting business Cogetech, one of Italy’s leading online and land-based operators, for €5.25 million. Seems like small beer to me – but then again they do tend only to serve small beers in Italy for some reason. Read more.
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