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Online boom benefits Perform

The online gambling boom has sent sales and profits soaring at Perform, a provider of live and edited sports video for betting websites across Europe.

Perform said tough economic times in the wider sports betting market "have not, to date, had a detrimental effect" on its own business, which is growing fast with the popularity of smartphones and mobile devices.

Pre-tax profits surged fivefold to £16.9m, with turnover up by almost half to £151.6m, thanks to events such the Euro 2012 football tournament. Subscriber growth for its mobile services was up 36 per cent.