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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.3 million) takeover of Gibraltar-based 32Red in April 2017, will reportedly focus instead on promoting its Unibet.it, which read…“We are sorry to inform you that starting from November 30th 32Red will no longer be operational....


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Online gambling landscape:Revenue climbed 25. 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.Troubling tally:All in and GVC Holdings stated that coronavirus could eventually end up hitting its annual bottom line for retail in the United Kingdom and Europe by as much as £43 million (....


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”ed to random closures of casinos and betting shops, which damages employment and revenues to the Exchequer. We hope, however, that these years spent together have been fantastic for you, as they have been for us....


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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.it, which read…“We are sorry to inform you that starting from November 30th 32Red will no longer be operational.Troubling tally:All in and GVC Holdings stated that coronavirus could eventually end up hitting its annual bottom line for retail in the United Kingdom and Europe by as much as £43 million (....


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5 million) even if it takes advantage of ‘government support where available and other retail cost mitigation.6 million) should similar month-long shutdowns be implemented across its retail estates in Ireland, Italy and Belgium.Kindred, which completed its £176....



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