Fonix Mobile PLC (GB:FNX) has released an update.
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Fonix Mobile PLC faces potential regulatory uncertainties in the Republic of Ireland as a new Gambling Regulation Bill is set to establish a regulatory authority overseeing gambling activities. While the legislation’s impact on ‘no purchase necessary’ prize draws remains unclear, Fonix anticipates no immediate changes to its services in Ireland, which are crucial for its revenue outside the UK. Despite the uncertainties, Fonix maintains stable market expectations for the current financial year.
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