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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.“We look forward to launching 32Red.6 million) should similar month-long shutdowns be implemented across its retail estates in Ireland, Italy and Belgium....

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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. We aim to continue in this regard as well as taking our first measured steps in entering the Italian market.In 2011, Italy regulated its online gambling industry, opening its doors to foreign operators from December 2012....

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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. It stated that these included a complete nationwide closure that ran for twelve weeks from March 20 alongside subsequent regional lockdowns involving Wales and large tracts of the north of England.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)....

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Strengthens Belgium offering:In related news, the Stockholm-listed gambling company recently announced the sig3 million) takeover of Gibraltar-based 32Red in April 2017, will reportedly focus instead on promoting its Unibet.In 2011, Italy regulated its online gambling industry, opening its doors to foreign operators from December 2012....