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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.it, which read…“We are sorry to inform you that starting from November 30th 32Red will no longer be operational. We aim to continue in this regard as well as taking our first measured steps in entering the Italian market....

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5 million (8. It moreover pronounced that this knock could swell by a further ￡9 million (.ed to random closures of casinos and betting shops, which damages employment and revenues to the Exchequer....

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The Swedish online gambling operator said Unibet would “guarantee 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....

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Kindred, which completed its ￡176.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.5 million) even if it takes advantage of ‘government support where available and other retail cost mitigation....

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Online gambling landscape:Revenue climbed 25.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.ed to random closures of casinos and betting shops, which damages employment and revenues to the Exchequer....