Retail betting shop suspension due to COVID-19 lockdown

2020-11-09

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The Lithuanian and Latvian governments have, as a result of further restrictions due to Covid-19, imposed country wide closures of shops, restaurants, pubs, bars, casinos, betting shops and other retail businesses.

Enlabs operates 20 betting shops in Lithuania and 11 betting shops in Latvia. In Lithuania the retail shop lockdown started on November 7 and will last until November 29. In Latvia retail shop lockdown starts on November 9 and will last until December 6.

Retail betting revenues in both markets combined amounts to 3% of Enlabs total revenues. Estimated EBITDA negative impact of a full month suspension of betting shop operations is between 20 000 and 70 000 EUR, depending mostly on the level of state compensation and/or subsidies.

 

For more information please contact:

Enlabs AB

George Ustinov, CEO and Group president

[email protected] / +371 29424175

About ENLABS

ENLABS stands for Entertainment Laboratories. Enlabs is a company that creates entertainment through innovative thinking within iGaming. The corporate group has offices in Tallinn, Riga, Vilnius, Malta, Marbella, Minsk and Stockholm. The operating subsidiaries hold national licenses for their operations and the Group employs approximately 300 employees. Enlabs AB (NLAB) is listed at Nasdaq First North Growth Market with Redeye AB as Certified Adviser: [email protected], +46 (0)8 121 576 90.  

For more information, visit enlabs.com

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