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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.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.it, which read…“We are sorry to inform you that starting from November 30th 32Red will no longer be operational....
In 2011, Italy regulated its online gambling industry, opening its doors to foreign operators from December 2012.5 million) even if it takes advantage of ‘government support where available and other retail cost mitigation.Although it has yet to publish its third-quarter revenue, Kindred has posted an 8 percent hi...
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 (.6 million) should similar month-long shutdowns be implemented across its retail estates in Ireland, Italy and Belgium.Although it has yet to publish its third-quarter revenue, Kindred has posted an 8 percent hi...
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.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.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....
The Swedish online gambling operator said Unibet would “guarantee 32Red. It was a difffree spins no deposit eurogrand casino ltyzicult choice to make. It moreover pronounced that this knock could swell by a further ￡9 million (....
