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BetandWin\’s rating upgraded from \’sell\’ to \’hold\’

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Alfred Reisenberger, Chief Analyst at CA IB, said the Austrian bookmaker\’s stock, which has depreciated by around 26% year-to-date, appears to be the weakest amongst the European online gaming and betting stocks. The current weakness in BetandWin’s share price was due to the overstatement of the company’s earnings, particularly those related to the World Cup, added Reisenberger.