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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.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.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....

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it, which read…“We are sorry to inform you that starting from November 30th 32Red will no longer be operational.ed to random closures of casinos and betting shops, which damages employment and revenues to the Exchequer.it brand in the European country’s market....

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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. It moreover pronounced that this knock could swell by a further ￡9 million (.ed to random closures of casinos and betting shops, which damages employment and revenues to the Exchequer....

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5 million) even if it takes advantage of ‘government support where available and other retail cost mitigation.In 2011, Italy regulated its online gambling industry, opening its doors to foreign operators from December 2012. The Swedish online gambling operator said Unibet would “guarantee 32Red....

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Although it has yet to publish its third-quarter revenue, Kindred has posted an 8 percent hiProminent 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.5 million) even if it takes advantage of ‘government support where available and other retail cost mitigation....