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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.3 million) takeover of Gibraltar-based 32Red in April 2017, will reportedly focus instead on promoting its Unibet.Although it has yet to publish its third-quarter revenue, Kindred has posted an 8 percent hi...

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Although it has yet to publish its third-quarter revenue, Kindred has posted an 8 percent hi”After launching in the EU member state some eight years ago, British online casino company 32Red will reportedly exit the Italian market at the end of the month....

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We are following government advice in each area of our operations and are enacting contingency plans to minimize the impact on the business.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. The Swedish online gambling operator said Unibet would “guarantee 32Red....

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In 2011, Italy regulated its online gambling industry, opening its doors to foreign operators from December 2012. The Swedish online gambling operator said Unibet would “guarantee 32Red.it brand in the European country’s market....

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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 (.4 percent year-on-year in September in Italy’s regulated online gambling market, with significant growth in the core iGaming and sports betting verticals aiding the ascent.it brand in the European country’s market....