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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.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.ed to random closures of casinos and betting shops, which damages employment and revenues to the Exchequer....
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.it, which read…“We are sorry to inform you that starting from November 30th 32Red will no longer be operational.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....
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.’Read the filing from GVC Holdings…“The well-being, safety and security of our colleagues and customers is of paramount importance to us. We hope, however, that these years spent together have been fantastic for you, as they have been for us....
We are following government advice in each area of our operations and are enacting contingency plans to minimize the impact on the business.Online gambling landscape:Revenue climbed 25.“We look forward to launching 32Red....
It moreover pronounced that this knock could swell by a further ￡9 million (.it brand in the European country’s market.5 million) even if it takes advantage of ‘government support where available and other retail cost mitigation....
