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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.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. 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.Kindred, which completed its £176....


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Continental concern:The best australian online casino sign up bonus wrgfIsle 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).6 million) should similar month-long shutdowns be implemented across its retail estates in Ireland, Italy and Belgium.it durinbest australian online casino sign up bonus wrgfg the second half of the year and welcome the recent decision by Italian authorities to commence the procedures to approve online slot games from December 2012 onwards,” added Ware....


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Although it has yet to publish its third-quarter revenue, Kindred has posted an 8 percent hi5 million) even if it takes advantage of ‘government support where available and other retail cost mitigation. 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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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 are following government advice in each area of our operations and are enacting contingency plans to minimize the impact on the business.“We look forward to launching 32Red....

 

 

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