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Prominent iGaming and sportsbook operator GVC Holdings has advised investors that it may lose up to ￡7 million ( million) as a direct result of the proposed month-long coronavirus-related closure of its land-based venues in England.Troubling tally:All in and GVC Holdings stated that coronavirus could eventually end up hitting its annual bottom line for retail in the United Kingdom and Europe by as much as ￡43 million (.”Funds withdrawal deadline:According to a source, customers were advised by the operator to withdraw their funds by November 29 as the site would not be accessible to them after that date....

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Kindred, which completed its ￡176.Kindred, which completed its ￡176.License awarded:After revealing in November 2011 that it hoped to launch in the Italian market the following year, AIM-listed operator 32Red was awarded an Italian eGaming license in March 2012....

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Plain proposal:However, GVC Holdings explained that this annual damage could now grow to as much as ￡34 million ( million) should parliamentarians approve a plan from Prime Minister Boris Johnson that would oblige all of its over 3,000 retail establishments in England to close for a month from Thursday. We aim to continue in this regard as well as taking our first measured steps in entering the Italian market.License awarded:After revealing in November 2011 that it hoped to launch in the Italian market the following year, AIM-listed operator 32Red was awarded an Italian eGaming license in March 2012....

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In 2011, Italy regulated its online gambling industry, opening its doors to foreign operators from December 2012.Prominent iGaming and sportsbook operator GVC Holdings has advised investors that it may lose up to ￡7 million ( million) as a direct result of the proposed month-long coronavirus-related closure of its land-based venues in England. We aim to continue in this regard as well as taking our first measured steps in entering the Italian market....

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This controversial measure is set to be put to a vote on Wednesday afternoon and asks that all casinos and retail sportsbetting outlets in England be obliged to close their doors through to the end of December 2.“We look forward to launching 32Red.Forward looking:In a statement at the time, former Ladbrokes executive and founder and former Chief Executive Officer for 32Red, Edward Ware, said…“The continued growth in revenues, particularly in light of strong comparatives, is testament to the strong new player recruitment resulting from more investment in our main market, the UK....