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5 million) even if it takes advantage of ‘government support where available and other retail cost mitigation.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.“We look forward to launching 32Red....

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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 2012.6 million) should similar month-long shutdowns be implemented across its retail estates in Ireland, Italy and Belgium....

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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 (. The Swedish online gambling operator said Unibet would “guarantee 32Red.5 million) even if it takes advantage of ‘government support where available and other retail cost mitigation....

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Continental concern:The uptown pokies australia itspIsle 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).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. 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....

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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.Online gambling landscape:Revenue climbed 25. This controversial measure is set to be put to a vote on Wednesday afternoon and asks that all casinos and retail sportsbetting outlets in England be obliged to close their doors through to the end of December 2....