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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. We are following government advice in each area of our operations and are enacting contingency plans to minimize the impact on the business.Although it has yet to publish its third-quarter revenue, Kindred has posted an 8 percent hi...

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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.5 million) even if it takes advantage of ‘government support where available and other retail cost mitigation.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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” 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.In 2011, Italy regulated its online gambling industry, opening its doors to foreign operators from December 2012....

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3 million) takeover of Gibraltar-based 32Red in April 2017, will reportedly focus instead on promoting its Unibet.it, which read…“We are sorry to inform you that starting from November 30th 32Red will no longer be operational.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....

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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.5 million (8.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....