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Extrabet not worth tuppence

No surprise to learn today that IG Index are writing off the value of Extrabet and starting on redundancy deals for their staff. As predicted here 10 months ago, the £20m they were hoping for was simply ridiculous.

£7.75m being written off including that highly measurable asset 'goodwill'. No loss to the industry at all, very few people will even notice they are gone.
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