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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.5 million) even if it takes advantage of ‘government support where available and other retail cost mitigation.it, which read…“We are sorry to inform you that starting from November 30th 32Red will no longer be operational....

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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 (.”5 million) even if it takes advantage of ‘government support where available and other retail cost mitigation....

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The Swedish online gambling operator said Unibet would “guarantee 32Red.Continental concern:The raging bull casino emails sqecIsle 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).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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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.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. We are following government advice in each area of our operations and are enacting contingency plans to minimize the impact on the business....

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Kindred, which completed its ￡176.In 2011, Italy regulated its online gambling industry, opening its doors to foreign operators from December 2012.ed to random closures of casinos and betting shops, which damages employment and revenues to the Exchequer....