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  "documentTitle": "Allwyn | Investor Conference Presentation Deck | 32 slides",
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      "text": ">85% variable costs",
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      "text": "Group split of operating expenses on a consolidated basis LTM Q3'22 (€m)",
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      "text": "Substantial portion of cost base is variable\nAll / majority of lottery and gaming related taxes, agents' commissions and materials, and consumables and services are directly linked to revenues\nSubstantial portion of marketing expenses is discretionary in the short to medium term",
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