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com and Coral. co. Online Casino uk and used an official Monday press release to explain that the decline is due to the fact that the coronavirus outbreak has led to the cancellation or delay of a number of this year’s live sporting events including the UEFA European Football Championship, the Six Nations Championship and the Royal Ascot horseracing extravaganza. Online Casino Preceding triumph:Headquartered on the Isle of Man, GVC Holdings had earlier detailed a rise of 5% year-on-year in net gaming revenues for the seven weeks to February 23 with associated online takings improving by 16%. Online Casino However, the firm revealed that approximately 45% of such earnings in 2019 had come from live sporting events with these activities moreover accounting for some 43% of its total online income. Termination trepidation:GVC is moreover behind British sportsbook giant Ladbrokes Coral Group and was recently forced to shutter its land-based betting shops in Belgium and Italy for three months due to concerns over thlotsa slots free coinse spread of the potentially-fatal coronavirus strain.

It stated that a similar shutdown in the United Kingdom could cost it an additional ￡50 million (. 5 million) per month, which would encompass around ￡20 million (. 4 million) in associated ‘employment costs. ’Overriding optimism:But, Kenneth Alexander (pictured), Chief Executive Officer for GVC, used the press release to declare that his firm ‘retains a strong balance sheet’ as well as an undrawn revolving credit facility worth in the region of ￡550 million (5. 3 million) and about ￡260 million (5 million) in ‘accessible cash’. Online Casino He also pronounced that the operator ‘continues to monitor events’ associated with the coronavirus epidemic and currently has ‘the flexibility to take appropriate actions as required.

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