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” It was a difficult choice to make.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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Online gambling landscape:Revenue climbed 25.In 2011, Italy regulated its online gambling industry, opening its doors to foreign operators from December 2012.irect result of the proposed month-long coronavirus-related closure of its land-based venues in England....

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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.“We look forward to launching 32Red.it during the second half of the year and welcome the recent decision by Italian authorities to commence the procedures to approve online slot games from December 2012 onwards,” added Ware....

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The Swedish online gambling operator said Unibet would “guarantee 32Red.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.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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We are following government advice in each area of our operations and are enacting contingency plans to minimize the impact on the business. The company’s gross gaming revenue for the period was ￡484.it, which read…“We are sorry to inform you that starting from November 30th 32Red will no longer be operational....