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it, which read…“We are sorry to inform you that starting from November 30th 32Red will no longer be operational. We are following government advice in each area of our operations and are enacting contingency plans to minimize the impact on the business.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....
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. We are following government advice in each area of our operations and are enacting contingency plans to minimize the impact on the business.In 2011, Italy regulated its online gambling industry, opening its doors to foreign operators from December 2012....
We aim to continue in this regard as well as taking our first measured steps in entering the Italian market.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....
Kindred, which completed its ￡176.”5 million (8....
3 million) takeover of Gibraltar-based 32Red in April 2017, will reportedly focus instead on promoting its Unibet.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 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....
