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it brand in the European country’s market.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.it brand in the European country’s market....


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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.’Read the filing from GVC Holdings…“The well-being, safety and security of our colleagues and customers is of paramount importance to us. We aim to continue in this regard as well as taking our first measured steps in entering the Italian market....


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Online gambling landscape:Revenue climbed 25.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.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....


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3 million) takeover of Gibraltar-based 32Red in April 2017, will reportedly focus instead on promoting its Unibet.Continental concern:The play roulette for free wizard of odds orooIsle 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). We are following government advice in each area of our operations and are enacting contingency plans to minimize the impact on the business....


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’Read the filing from GVC Holdings…“The well-being, safety and security of our colleagues and customers is of paramount importance to us.4 percent year-on-year in September in Italy’s regulated online gambling market, with significant growth in the core iGaming and sports betting verticals aiding the ascent.”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....