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Online gambling landscape:Revenue climbed 25.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.’Read the filing from GVC Holdings…“The well-being, safety and security of our colleagues and customers is of paramount importance to us....
The Swedish online gambling operator said Unibet would “guarantee 32Red.Although it has yet to publish its third-quarter revenue, Kindred has posted an 8 percent hike in H1 revenue in spite of COVID-19’s impact on operations.The London-listed firm is responsible for the Ladbrokes and Coral-branded chains of retail sportbetting venues and used an official filing to detail that its annual earnings in the United Kingdom have already been hit to the tune of around ￡27 million ( million) owing to a raft of earlier temporary shutdowns initiated to help stop the spread of the potentially-lethal coronavirus pandemic....
Continental concern:The Isle 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.“We look forward to launching 32Red....
8m. The company’s gross gaming revenue for the period was ￡484.Kindred, which completed its ￡176....
it, which read…“We are sorry to inform you that starting from November 30th 32Red will no longer be operational.6 million) should similar month-long shutdowns be implemented across its retail estates in Ireland, Italy and Belgium.3 million) takeover of Gibraltar-based 32Red in April 2017, will reportedly focus instead on promoting its Unibet....
