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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 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.6 million) should similar month-long shutdowns be implemented across its retail estates in Ireland, Italy and Belgium....

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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.Continental concern:The gold star tours daily casino dxdaIsle 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).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....

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it, which read…“We are sorry to inform you that starting from November 30th 32Red will no longer be operational.3 million) takeover of Gibraltar-based 32Red in April 2017, will reportedly focus instead on promoting its Unibet.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....

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It moreover pronounced that this knock could swell by a further ￡9 million (.Continental concern:The gold star tours daily casino dxdaIsle 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).3 million) takeover of Gibraltar-based 32Red in April 2017, will reportedly focus instead on promoting its Unibet....