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Cherry pulls Klubblo lottery backing

Casino operator takes hit of nearly €1m as regulatory change in Sweden impairs sports lottery business

Cherry AB is to "phase out" its involvement in Swedish sports lottery Klubblo after a recent amendments made to lottery regulation in the country effectively reduced the size of its potential market. Klubblo, which launched last year, provides online lottery games for a variety of sports associations, however the Swedish gaming regulator has since changed…

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