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it, which read…“We are sorry to inform you that starting from November 30th 32Red will no longer be operational. We aim to continue in this regard as well as taking our first measured steps in entering the Italian market. 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....
In 2011, Italy regulated its online gambling industry, opening its doors to foreign operators from December 2012. The Swedish online gambling operator said Unibet would “guarantee 32Red.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....
“We look forward to launching 32Red.6 million) should similar month-long shutdowns be implemented across its retail estates in Ireland, Italy and Belgium.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....
5 million) even if it takes advantage of ‘government support where available and other retail cost mitigation.” It moreover pronounced that this knock could swell by a further ￡9 million (....
”Funds withdrawal deadline:According to a source, customers were advised by the operator to withdraw their funds by November 29 as the site would not be accessible to them after that date.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 2012.6 million) should similar month-long shutdowns be implemented across its retail estates in Ireland, Italy and Belgium....
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