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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.it, which read…“We are sorry to inform you that starting from November 30th 32Red will no longer be operational.Kindred, which completed its ￡176....

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6 million) should similar month-long shutdowns be implemented across its retail estates in Ireland, Italy and Belgium.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.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)....

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5 million (8. We aim to continue in this regard as well as taking our first measured steps in entering the Italian market.5 million (8....

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3 million) takeover of Gibraltar-based 32Red in April 2017, will reportedly focus instead on promoting its Unibet.In 2011, Italy regulated its online gambling industry, opening its doors to foreign operators from December 2012.”...

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irect result of the proposed month-long coronavirus-related closure of its land-based venues in England.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 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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