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The Kindred Group plc (KINDSDB:Stockholm) subsidiary will cease online operations in Italy from November 30, 2020, according to a statement on the website 32Red.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 2012.8m....
8m.In 2011, Italy regulated its online gambling industry, opening its doors to foreign operators from December 2012.Continental concern:The Isle of Man-based behemoth also revealed that coronavirus-related closures and increased health and social distancing restrictions instituted across the rest of Europe have so far cost it approximately ￡10 million ( million)....
5 million) even if it takes advantage of ‘government support where available and other retail cost mitigation.6 million) should similar month-long shutdowns be implemented across its retail estates in Ireland, Italy and Belgium.In 2011, Italy regulated its online gambling industry, opening its doors to foreign operators from December 2012....
8m.it brand in the European country’s market.it players the warm welcome they deserve,” according to the source....
The London-listed firm is responsible for the Ladbrokes and Coral-branded chains of retail sportbetting venues and used an official filing to detail that its annual earnings in the United Kingdom have already been hit to the tune of around ￡27 million ( million) owing to a raft of earlier temporary shutdowns initiated to help stop the spread of the potentially-lethal coronavirus pandemic.Strengthens Belgium offering:In related news, the Stockholm-listed gambling company recently announced the sigAlthough it has yet to publish its third-quarter revenue, Kindred has posted an 8 percent hike in H1 revenue in spite of COVID-19’s impact on operations....
